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.
- The Legislature hasn't addressed the capital budget, or other important issues facing the state’s future.
- Search-and-rescue efforts were under way Friday for a 21-year-old Hydaburg man whose empty boat was found floating off Prince of Wales Island on Thursday evening.
- After weeks of deadlock, Washington lawmakers could be close to reaching an agreement in principle on a state budget, House and Senate budget writers said Friday.
- Deadheading wilted blooms or bulging seed pods allows some plants to devote their energy to perpetuation instead of propagation.