US, Saudi energy officials see need for cooperation

05/08/2006
Oil-producing and consuming countries must cooperate to effectively and economically meet the world’s growing oil demand, top energy officials from Saudi Arabia and the US agreed at a Center for Strategic and International Studies forum. But the officials differed on the extent to which alternative fuels should be expected to help.“It benefits the world to begin research on alternative fuels, at least on those that go hand-in-hand with hydrocarbons,” said Ali Ibrahim al-Naimi, Saudi Arabia’s petroleum and minerals minister.But he warned against mandating alternatives. “Oil remains the most cost-efficient source of transportation fuel. Forcing consumers to swi...
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