OPEC Boss Says Oil to Remain 'Dominant Energy'

Fears about the imminent replacement of petroleum with bio-fuels and other alternatives as the main sources of energy in the world have been dismissed by the Secretary General of Organization of Petroleum Exporting Countries (OPEC), Abdalla S. El-Badri.

Speaking at a one-day media workshop in Abuja, tagged "Reporting OPEC", facilitated by the Nigerian National Petroleum Corporation, NNPC in conjunction with OPEC for energy journalists in Nigeria, El-Badri opined that the global debate about seeking alternatives to oil will not yield results because of the strategic importance of oil.

The OPEC Scribe, who has more than 45 years experience in international oil and gas business, argued that the talk about alternative or independent sources of energy is nothing new.

"But I want to tell you that oil will remain the dominant energy for the foreseeable future. I have been hearing this from the United States presidents in the last 30 years; at least I am old enough to track this. There is nothing called independent energy.

"There is no way America will not rely on oil from the Middle East or any other exported oil," El-Badri explained while responding to a question on President Obama's policy of cutting down on America's dependence on imported oil.

The ten-man OPEC team was in Nigeria for a three-day country visit as part of its statutory responsibility to member countries.

BBC Monitoring. Copyright BBC.


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