(AFP) – 12 hours ago
CANCUN, Mexico — The plan to expand oil drilling off US coasts unveiled Wednesday by President Barack Obama was part of "good moves" aimed at meeting world energy demand, Saudi Oil Minister Ali al-Nuaimi said here.
Obama's approval of new exploration areas was part of "good moves to increase supply of energy, which the world needs," Nuaimi told reporters at a press conference on the final day of the International Energy Forum in the beach resort of Cancun.
The president's plan, part of a comprehensive energy strategy, would see new tracts of the Atlantic off the Virginia coast opened to exploration, and expand leases for prospecting in the Gulf of Mexico off the coast of Florida.
"In the short term, as we transition to cleaner energy sources, we'll have to make tough decisions about opening new offshore areas for oil and gas development in ways that protect communities and coastlines," Obama said.
Nuaimi added that for the world to grow in the next 20 to 30 years "we need all sources of energy whether they are fossil fuels, renewable... wind, nuclear,
biofuels."
Source: http://www.google.com/hostednews/afp/article/ALeqM5gYxUWcj0dRN8ERFmbn4_RFIBBLbw
CANCUN, Mexico — The plan to expand oil drilling off US coasts unveiled Wednesday by President Barack Obama was part of "good moves" aimed at meeting world energy demand, Saudi Oil Minister Ali al-Nuaimi said here.
Obama's approval of new exploration areas was part of "good moves to increase supply of energy, which the world needs," Nuaimi told reporters at a press conference on the final day of the International Energy Forum in the beach resort of Cancun.
The president's plan, part of a comprehensive energy strategy, would see new tracts of the Atlantic off the Virginia coast opened to exploration, and expand leases for prospecting in the Gulf of Mexico off the coast of Florida.
"In the short term, as we transition to cleaner energy sources, we'll have to make tough decisions about opening new offshore areas for oil and gas development in ways that protect communities and coastlines," Obama said.
Nuaimi added that for the world to grow in the next 20 to 30 years "we need all sources of energy whether they are fossil fuels, renewable... wind, nuclear,
biofuels."
Source: http://www.google.com/hostednews/afp/article/ALeqM5gYxUWcj0dRN8ERFmbn4_RFIBBLbw
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