Rich Kinder, CEO of Kinder Morgan Energy Partners, says the Obama Administration’s push to develop alternative energy sources such as wind and solar are not the answer to reducing the nation’s dependence on oil or reducing greenhouse gas emissions. Click below to hear where Kinder thinks the U.S. should be focusing its attention.
The Reuters Middle East Investment Summit team asks Majid Jafar, executive director of UAE’s Crescent Petroleum and board member of Dana Gas, what he thinks of the idea of an OPEC-style gas cartel? He says that it would definitely benefit the whole industry as OPEC does to its members.
A quarter of the gas that heats European homes and powers European industry is piped in thousands of kilometres from the Russian tundra. By 2015, Russia’s share of European gas supplies will rise to at least one third. That powerful lever of influence over Europe’s economy raises the stakes in its confrontation with Russia over its invasion of Georgia.