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.
- Residents in a homeless camp off Egan Drive have been given 14 days to vacate the property. The area owned by the Alaska Mental Health Trust Authority is slated for sale and redevelopment.
- Rural health aides have a long, successful history of improving access to health care in Alaska. Now, dental a program based on that model is improving oral care in the Yukon-Kuskokwim Delta.
- From midnight Monday through about 1 p.m. Tuesday, Ketchikan received more than 8 inches of rain.
- Canadian power company Hydro One isn't interested in selling Alaska Electric Light & Power Company. But the Juneau Assembly still wants to study the prospect of a municipal-owned utility.