US officials: policy should promote secure oil supplies

The US should encourage increased and diversified energy production from a range of foreign suppliers, especially those in more secure areas, senior officials of the George W. Bush administration told a congressional committee June 20.Speaking before the House Committee on International Relations, Alan Larson, undersecretary for economic, business, and agricultural affairs at the US Department of State, stressed that an effective energy security policy must have important international dimensions, given that the US has only 2% of proven world oil reserves. By comparison, two thirds of world oil reserves are in the Middle East.The US, as well as Europe and Japan, rely on imports to meet a ...

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