Minister Ali al-Naimi scoffed at U.S. leaders who extol energy independence, especially from the Middle East, as a political goal.
Al-Naimi said even with the rapid technological gains that led to the current gas boom in the Lower 48, the United States can’t isolate itself from geopolitics or globally commodities markets.
Shale gas accounts for less than half of U.S. gas supply.
And, al-Naimi said, the U.S. bought more Saudi oil in 2012 than any year before.
“Just as I didn’t buy into the peak oil theories, I do not go along with the opinion that increasing U.S. liquid production means the United States could and should detach itself from international affairs,” he said.
That’s especially true considering there are a dozen export permits for liquified natural gas pending before the federal government.
Some 70% of Saudi exports go to Asian markets; the same markets Alaska would like to export its LNG to.
- “So what we’re seeing here is a giant step — a beautiful step — backward in time, where we’re remembering that there is no us versus them. There’s only us, and we are the people, and the people are the police."
- Eaglecrest Ski Area is opening this year ahead of schedule.
- Alaska and British Columbia signed a memorandum of understanding Wednesday expected to increase the state’s role in transboundary mine decisions.
- New rules could make it possible to develop more renewable energy in Alaska, by making it easier for independent projects to sell their power to the grid.