"If everybody is dependent solely on oil, as opposed to energy sources like wind and solar. If we are not able to figure out ways to sequester carbon and that would allow us to use coal in a non-polluting way. If we don't diversify our energy sources, then all of us are going to be in trouble," Obama said on Thursday, May 28 responding to a question on his meeting with the Saudi King.
Speaking on US' effort to reduce dependence on oil he said that his administration's goal is to promote clean energy solutions in the country. He added that this will strengthen American economy and put people back to work along with diversifying energy sources.
"Interestingly enough, you are seeing the Saudis make significant investments, both in their own country and outside of their country, in clean energy as well. I think Saudis recognise that, you know, we have got a finite supply of oil. There are going to be a whole host of countries, like China and India that have huge populations, need to develop rapidly," Obama said.