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.
- Most of the claims are that his for-profit conservative website “Restoring Liberty” is illegally contributing to his Senate campaign by promoting his run.
- Some people are already lining up to cast their votes.
- An appeals court today upheld a federal decision to list a species of ice seals as threatened under the Endangered Species Act.
- The premiums on benchmark plans are increasing by an average of 22 percent in 2017, the government says, but more than 70 percent of people can get one for less than $75 a month after subsidies.