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.
- A truck that turned over on Egan Drive spilled the fish it was carrying and blocked temporarily blocked the road.
- Low-level, low-risk offenders have an opportunity for a fresh start with a clean slate after their case is dismissed as part of a suspended entry of judgment, a new form of deferred prosecution.
- The amount of proposed state spending directly controlled by the legislature was projected to be nearly 25 percent more per person than any other state in the current fiscal year.
- Juneau School District officials believe they can help kids struggling in the classroom by adopting a strategy that monitors their performances over time.