Green fuel 'no threat to growing oil demand'
Saudi Arabia's oil minister, Ali Al-Naimi, told the world that its dependence on crude will increase and that the race to develop alternative energies will not dim demand for fossil fuels.
Speaking ahead of today's official start of the Opec oil producers' summit, Mr Al-Naimi mounted a strong defence of oil, criticising experts who say crude is in decline or that green energy is a viable alternative.
The minister, whose country is by far the most powerful nation in Opec's 12-strong group, said: "Let's be realistic about this. Take developing countries. They are growing at a very fast pace – 7pc to 10pc or more a year. These countries are going to need energy, and fossil fuels will be the source.
telegraph.co.uk
By Russell Hotten in Riyadh
Last Updated: 8:10am GMT 14/11/2007
The fate of the world is in the hands of a bunch of people who look no further ahead than the end of year balance sheet. If global warming and climate change mess up life for future generations, they will not be around to worry. Renewable energy sources are not seen as a threat to OPEC as they have experience of bribing their way to riches. How much time at this summit will be spent discussing carbon emissions from fossil fuels? This summit will be important for the future and let's reflect upon the major statements as it progresses.
Remember to reduce co2 emissions in your every day activities.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment