- Jan 17, 2004
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LOS ANGELES (Reuters) - Energy Secretary Spencer Abraham said on Friday that the U.S. is not going to "beg OPEC for oil" and was instead developing "game-changing technologies" to counter its dependence on imports.
He noted that a huge rise in Asian demand and a recovery in the U.S. economy had contributed to the recent rise in oil, gasoline and other energy prices.
"The president has expressed very clearly his concern about OPEC decisions not hurting the economy... At the time we have also made it clear we are not going to beg OPEC for oil," Abraham said, noting the current rise in prices underscored the need for U.S. energy independence.
"Demand in the developing world is going to keep growing. We believe we need transformational technology," he told reporters after a meeting here.
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What price does oil have to reach for Americans to say enough is enough? I'm glad we are not begging OPEC for oil, we should be developing technologies to get off oil as soon as possible. As it is now we are sending billions of dollars to countries that hate the U.S. such as Saudi Arabia.
