Saudi prince urges U.S to accept oil dependency

Obama raised some potentially disturbing issues for the Saudis, such as ending dependence on Middle Eastern oil.

Saudi prince urges U.S to accept oil dependency
The United States has no alternative to oil to meet its massive energy needs and should recognise its energy interdependence with the Middle East, Saudi Arabia's Prince Turki al-Faisal wrote in an article on Friday.

U.S. President Barack Obama raised some potentially disturbing issues for the Saudis, such as ending dependence on Middle Eastern oil.

In the article translated into Italian and published by Italian newspaper Il Sole 24 Ore, Turki said energy independence was an unrealistic, groundless and harmful concept which was likely to re-emerge once economic recovery pushed oil prices up. "There is no technology on the horizon which can replace oil to satisfy colossal needs of U.S. industry, transport and armed forces. Any future scenario will be characterised by mix of renewable and non-renewable energies whether you like it or not," Turki said.

Turki, a former Saudi intelligence chief and envoy to Washington and London, said the United States, the world's biggest energy consumer, should put aside the rhetoric of energy independence and instead recognise interdependence of energy producers and consumers.

"Whether you like it or not, the destinies of the United States and Saudi Arabia are linked and will remain (linked) for decades," he said.

The United States is the biggest trading partner for the world's biggest oil exporter.



Reuters
Last Mod: 05 Eylül 2009, 14:22
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