Nightly News | April 21, 2011
>>> the u.s. role in libya and the rising price of oil are two of the issues tom brokaw raised during his reporting visit to saudi arabia . a big u.s. ally, as you know, but the relationship between the nations has lately been strained. tonight, we have tom's conversation with an influential member of the royal family .
>> translator: as nephew of saudi arabia 's king, he's a heartbeat from the government here, but he's not a member of it, however, as a business mogul with a personal fortune of some $20 billion, they call him the saudi warren buffett , he neals empowered to say what he thinks.
>> we should not take people for granted. change and change fast.
>> he's watching libya closely. do you approve of what the west is doing in libya with nato providing air strikes on behalf of the rebels.
>> it's a bit shameful act. the u.s. has no policy, no strategy, no objective, no mission statement .
>> as a powerful investor, he does mainter the oil pricing plans.
>> turbulence in iran, bahrain, our region, this will cause a psychological impact that will impact the price of oil. it's in the neighborhood of $100, $110 with the hopes that when things subside, it will go back to $70, $80. i first met him at his estate six years ago where the trappings looked more like las vegas than saudi arabia . many of his employees are women who dress western style within the walls of his empire, and he wants more rights for all saudi women.
>> society can't advance if 50% of the population is locked up in the living room or cooking in the kitchen. we're forced to face these realities sooner than later.
>> he does say the current turmoil will change the middle east forever. how it will turn out, not even he can say.
>> tom brokaw reporting for us from saudi arabia . back here