Saudi Prince Alwaleed bin Talal visits Zaatari camp for Syrian refugees northeastern Jordan
Jordan Pix—Getty Images
By Laura Stampler
January 12, 2015

Saudi royal prince Alwaleed bin Talal says in a new interview that the days of $100-a-barrel oil are a thing of the past, as oil prices continue to drop around the globe.

Asked by USA Today if prices, recently below $50 a barrel, would continue to plunge, Talal answered:

He also categorized theories that the U.S. and Saudis are colluding to keep prices low to hurt Russian President Vladimir Putin as “baloney and rubbish.”

Read more at USA Today

Read next: France Mobilizes 10,000 Troops to Protect Sensitive Sites

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Write to Laura Stampler at laura.stampler@time.com.

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