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U.S. ENERGY STRATEGY DETRIMENTAL TO RUSSIA - PAPER
PanARMENIAN.Net
June 28, 2012 - 14:18 AMT
PanARMENIAN.Net - The United States is going to cut oil imports from
the Middle East twice by 2020 and stop them entirely in future thanks
to growing domestic hydrocarbons production, under a new strategy
which could hit the current global oil export leaders, RBC daily
business newspaper reported on Thursday, June 28, citing analysts.
The U.S. government plans to cut oil imports from the Middle East,
Africa and Europe to 2.5 million barrels per day by 2020 from the
current volume of over four million barrels a day, and stop importing
entirely by 2035. The country is unlocking new sources of oil in
shale-rock formations, oil sands and deep beneath the ocean floor,
strengthening its economy and energy security, The Wall Street Journal
has said.
The new U.S. strategy, which will lead to international oil prices
falling, will have major consequences for leading oil exporting states,
including Russia, Institute for Strategic Studies and Analysis head
Vagif Guseinov told RBC daily.
"A considerable quote decrease may be devastating primarily for ...
Iran, Venezuela and Russia as their budgets have been recently formed
on the basis of a $100-120 per barrel price. [The strategy] gives
grounds to the U.S. and its allies to succeed in their new energy
policy not only in the Middle East but also all around the world,"
Guseinov said.
Despite the new energy strategy, the Middle East will continue to be
at the center of Washington's foreign policy, since the region largely
determines the international price of 'black gold', RBC daily said,
according to RIA Novosti.
PanARMENIAN.Net
June 28, 2012 - 14:18 AMT
PanARMENIAN.Net - The United States is going to cut oil imports from
the Middle East twice by 2020 and stop them entirely in future thanks
to growing domestic hydrocarbons production, under a new strategy
which could hit the current global oil export leaders, RBC daily
business newspaper reported on Thursday, June 28, citing analysts.
The U.S. government plans to cut oil imports from the Middle East,
Africa and Europe to 2.5 million barrels per day by 2020 from the
current volume of over four million barrels a day, and stop importing
entirely by 2035. The country is unlocking new sources of oil in
shale-rock formations, oil sands and deep beneath the ocean floor,
strengthening its economy and energy security, The Wall Street Journal
has said.
The new U.S. strategy, which will lead to international oil prices
falling, will have major consequences for leading oil exporting states,
including Russia, Institute for Strategic Studies and Analysis head
Vagif Guseinov told RBC daily.
"A considerable quote decrease may be devastating primarily for ...
Iran, Venezuela and Russia as their budgets have been recently formed
on the basis of a $100-120 per barrel price. [The strategy] gives
grounds to the U.S. and its allies to succeed in their new energy
policy not only in the Middle East but also all around the world,"
Guseinov said.
Despite the new energy strategy, the Middle East will continue to be
at the center of Washington's foreign policy, since the region largely
determines the international price of 'black gold', RBC daily said,
according to RIA Novosti.