18 July 2007 17:36 [Source: ICIS news]
By Joe Kamalick
In receiving a nine-month study of energy supply and demand issues from the National Petroleum Council, Bodman said the
“The US and global economies continue to grow, and that is a good thing,” Bodman said, “but the increasing demand for energy that accompanies that growth requires a sober assessment of what our energy future will look like and how we can get there.”
The council, a private-sector advisory panel chartered by the department, said its study of US and global energy demand and supply issues shows that the world is not running out of oil and natural gas resources but that there are increasing technical and geopolitical challenges in bringing those resources to consumers.
To compensate for those challenges, the council urged US policymakers to support expansion of all economic energy resources, including coal, nuclear power, renewables and unconventional oil and gas reserves.
The council said that in addition to developing the full range of energy resources, including increased access to US domestic reserves, the
Bodman said the council’s report would help shape
“Mindful of our environmental concerns, we must pursue all other economically viable energy sources, including nuclear, coal, the biosciences and biofuels,” Bodman said.
He said the
“It is my firm belief that we can meet this formidable challenge,” Bodman said.
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