IMO the country could become energy independent and possibly an ex****ter
within a decade by doing the following:
1) Open up Alaska and the Gulf to drilling. Tell environmentalists
where to go.
2) Mandate Nat. Gas electrical generation be converted to wind,
solar,
clean coal, or Nuclear. This will create huge excesses of nat.
gas and we also have huge reserves.
3) Mandate conversion of all passenger gasoline engine cars to use
nat.
gas.
4) Mandate that oil usage for home heating be converted to nat. gas or
electrical.
5) Promote oil production from our shale areas.
Jerry
<harryharry52@[EMAIL PROTECTED]
> wrote in message
news:e6efe667-b29a-4217-b384-769af32b47d6@[EMAIL PROTECTED]
't this guy go to b-school? What did he learn?
***************************************************************************************
Saudis reject Bush's appeal to ease oil pricesHaroon Siddique and
agencies guardian.co.uk, Friday May 16 2008 This article was first
published on guardian.co.uk on Friday May 16 2008. It was last updated
at 18:58 on May 16 2008.
Saudi Arabia today rebuffed George Bush's appeal to increase
production and help cut record oil prices, the White House said.
It was the second time this year that the pleas of the US president,
who is visiting King Abdullah, have fallen on deaf ears.
Bush's latest request came as the price of crude oil hit a new high of
more than $127 (£65) a barrel.
"What they're saying to us is ... Saudi Arabia does not have customers
that are making requests for oil that they are not able to satisfy,"
the US national security adviser, Stephen Hadley, told re****ters.
However, the oil minister, Ali Naimi, said later that Saudi Arabia had
raised production by 300,000 barrels per day on May 10 in response to
requests from its customers. He said the increase would push the
kingdom's output to 9.45m barrels a day by June.
High petrol prices are a potential issue in November's US presidential
election. When Bush made his first appeal in January the Saudi oil
minister said that oil production was at normal levels and the kingdom
would raise production only when the market justified it.
Bush has conceded that raising output is difficult because the demand
for oil — particularly from China and India — is stretching supplies.
The price of crude oil has consistently traded at new highs this year
since hitting $100 a barrel at the beginning of January.
UBS yesterday became the latest bank to predict the price of crude oil
could hit $200, with its analysts saying that the figure could be
reached by 2015.
The US Congress yesterday voted to halt daily ****pments of 70,000
barrels of oil to the US's emergency reserve in a bid to push down
prices.
Bush had argued that halting the ****pments would have little or no
impact on petrol or crude oil prices.
The US Energy Department said later it had cancelled ****pments into
the reserve, beginning in July. But the White House has indicated that
he will sign the reserve measure.
Senate Democrats have introduced a resolution that would block $1.4bn
in arms sales to Saudi Arabia — the world's biggest oil supplier —
unless it agrees to increase its production by 1m barrels a day.
The Democrats said they proposed the measure to coincide with Bush's
visit to send a message to Saudi Arabia that it should produce more
oil to reduce the cost of petrol for Americans.
While demand has surged because of booming economies in developing
countries, political tensions in Nigeria, Venezuela and Iran have
threatened supplies.
Before Bush arrived in Saudi Arabia, the US said it had agreed to
cooperate to protect Saudi Arabia's oil and to help it develop
peaceful nuclear energy. Saudi Arabia accounts for more than a tenth
of global oil output and severe damage to its infrastructure would
have far-reaching effects.
Al-Qaida has threatened more strikes on Saudi oil facilities after a
failed attack on the world's largest oil processing plant at Abqaiq in
February 2006.
"The United States and Saudi Arabia have agreed to cooperate in
safeguarding the kingdom's energy resources by protecting key
infrastructure, enhancing Saudi border security, and meeting Saudi
Arabia's expanding energy needs in an environmentally responsible
manner," a White House statement said.
The two countries will also sign a memorandum of understanding to
cooperate on a peaceful nuclear programme
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