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Carbon Management Symposium Opens in Dhahran 3
OIL ALTHOUGH MANY LOW Published in Saudi Press Agency on 22 - 05 - 2006

EMISSION ALTERNATIVES HAVE BEEN OFFERED AS SUBSTITUTES FOR THOSE HYDROCARBONS, NEVERTHELESS, 'FOSSIL FUELS IN GENERAL AND OIL IN PARTICULAR ARE EXPECTED TO CONTINUE TO BE THE DOMINANT CONTRIBUTOR TO GLOBAL ENERGY SUPPLIES FOR SEVERAL DECADES TO COME,' AL-NASR SAID. FOSSIL FUELS ARE READILY AVAILABLE, AFFORDABLE AND RELIABLE, AND A VAST INFRASTRUCTURE HAS BEEN ESTABLISHED TO DELIVER FOSSIL FUELS TO THE WORLD.
SUSTAINABLE DEVELOPMENT IS NOT POSSIBLE WITHOUT ENERGY. 'IT IS IMPOSSIBLE TO ACHIEVE SUSTAINABLE ECONOMIC GROWTH AND ERADICATE POVERTY WITHOUT ACCESS TO COST-EFFECTIVE, RELIABLE AND AFFORDABLE ENERGY,' AL-NASR SAID.
'THEREFORE, MEETING ENERGY DEMAND WHILE ADDRESSING POTENTIAL CLIMATE CHANGE ISSUES PRESENTS CHALLENGES AND OPPORTUNITIES FOR THE OIL INDUSTRY.'
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