Secondly, even if we are producing okay a few hundred thousand barrels a day more, that in no way changes our linkage to the Global Oil Price and the exposure to a price spike. In fact, if anything, its both the fact that we are connected to the crude Oil Global Market and the fact that we are and i believe will continue to be major oil product exporters. We are exposed just as in that anecdote i gave about britain in 2000, we are exposed to the Global Oil Price spike and thats really the modern issue in terms of what the sprol does for us. Point being, if were allowed to compete in the Global Economy well have a more robust oil and gas industry in this country than well have if were not allowed to compete with a more robust industry were less dependent on the sprol . Again, im sorry, senator i dont its not only the eia but the other studies that have shown that by lifting the oil export ban, we not only, panned our industry we create more jobs and Economic Activity in our country so w
That you please keep your to no more than five minutes. Admiral blair thank you. I have the feeling that everything has been said but not by everybody, so we will fill in notes. Sen. Murkowski thank you for recognizing that. Admiral blair as we approach the 40th anniversary of the creation of the Strategic Petroleum reserve, a lot of the Energy Landscape has changed but the three things that are the same oil market is volatile, american businesses, and American Families are vulnerable, and the spr is our only shortterm line of the defense on supply interruptions, and it would be full hearty to draw down the single weapon we have to counteract Oil Supply Disruptions and price spikes. Madam chairman, you emphasized that your concern was National Security and that is my background and i agree. But Economic Security and National Security are tightly intertwined. The geopolitical actions are causing a disruption in Global Supply and there is a great pressure for military action. When i was
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LUSAKA, (CAJ News) - ROSATOM and Gazprom, Russia’s energy companies, organized a joint session, "Powering Africa's Future: Collaborative Energy Solutions", that unveiled a suite of innovative energy solutions, perfectly tailored to meet the diverse needs of the African continent. The session also included representatives from the South African investment company Raise Africa Investments, the South