Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: American Spirit who wrote (53548)	2/12/2006 12:16:49 PM
From: Karen Lawrence	Read Replies (1) of 93284

Chevron chief says: Bush misunderstands oil market 12/02/2006 - 15:21:06 US President George Bush’s desire to cut US dependence on Mideast oil shows a “misunderstanding” of global energy supply and the critical role of Saudi Arabia, the vice chairman of Chevron Corporation said today. Peter Robertson said the US would be better off working for “interdependence” with oil producing countries rather than seeking to cut dependence. “This notion of being energy independent is completely unreasonable,” Robertson said to a largely Saudi audience at the Jeddah Economic Forum, which opened yesterday. “I don’t think anyone actually believes that the US can end its dependence on oil in the Middle East at all.” Bush in his State of the Union address earlier this month pledged to cut US dependence on Middle East oil by 75% by 2025. “Quite frankly, I think these comments reflect some misunderstanding of global energy supply. I believe Middle Eastern oil can and must play a certain role in the system,” Robertson said. “Saudi Arabia’s massive resources will continue to promote international energy security and serve as a moderating force in balancing supply and demand.” breakingnews.iol.ie

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