02 April 2012 17:48 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--US leaders on both sides of politics need to build a domestic energy opportunity to ensure the country can take advantage of the "unique opportunity" presented by low natural gas prices, a senior LyondellBasell official said on Monday.
Political leaders must confront the emerging competition for future energy supplies from developing countries, notably China and India, said Marvin Schlanger, chairman of the supervisory board of LyondellBasell.
In a speech accepting the Petrochemical Heritage Award, Schlanger said US energy policy should include three key components:
Schlanger acknowledged that many in the audience at the International Petrochemical Conference (IPC) would object to public funds being spent in support of alternative energies.
He countered with the observation that the US has in the past successfully used public funding to achieve positive results in the national interest, citing home ownership programmes and the construction of the interstate highway system.
"Today, the opportunities are unsurpassed," Schlanger said, adding that he is jealous of younger executives in the chemical sector who would be operating in such a low-cost environment.
Schlanger is also the chairman of CEVA Group, an international logistocs supplier.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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