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.
- It’s costing 14 percent more to take the ferry to and from the Lower 48. The higher fare is part of another round of tariff increases aimed at boosting income and equalizing rates across all routes.
- Senate Bill 91 is one of the most hotly debated bills of the session.
- "A one candidate shift I don’t think it’ll make a difference. But five? That could make a difference," said GOP chairman Peter Goldberg regarding Donald Trump's delegate count.
- When the second phase of the project is complete next year, Skagway, Juneau and Ketchikan will all be able to accommodate four Panamax ships at once.