Fossil fuels currently provide more than 90 per cent of the world's commercial energy needs, according to OPEC. The United States and the European Union seek to increase the supply of renewable and alternative fuels such as ethanol as a way to reduce dependence on foreign oil and cut greenhouse gas emissions.
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OPEC: We Need the Security of Demand
The president of Organisation of Petroleum Exporting Countries has said that repeated calls by industrialised countries to reduce...
The president of Organisation of Petroleum Exporting Countries has said that repeated calls by industrialised countries to reduce dependence on oil could lead to a reduction in supplies from the cartel.
"We need to have some sort of transparency to know what the plans are," he said. "The security of demand is a key issue for us."
Fossil fuels currently provide more than 90 per cent of the world's commercial energy needs, according to OPEC. The United States and the European Union seek to increase the supply of renewable and alternative fuels such as ethanol as a way to reduce dependence on foreign oil and cut greenhouse gas emissions.
Al Hamli, who is also oil minister of the United Arab Emirates, said he welcomed diversity in fuel sources, but said fuels derived from petroleum have become cleaner over the years. He said oil was a force for alleviating poverty because many people lack access to modern fuels for cooking and heating.
Fossil fuels currently provide more than 90 per cent of the world's commercial energy needs, according to OPEC. The United States and the European Union seek to increase the supply of renewable and alternative fuels such as ethanol as a way to reduce dependence on foreign oil and cut greenhouse gas emissions.
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