|Qatar: Energy independence is a
|Middle East North Africa Financial Network - Amman,Jordan
(MENAFN - The Peninsula) Energy
security and energy independence are simply jargon unless producer and consumer nations come together in a spirit of
Panelists at a plenary session of the 'Enriching the Middle East's Economic
Future Conference' at the Ritz-Carlton Hotel concluded that the world should work together to seek out alternative
energy sources while still keeping in mind fossil fuels "have driven the global economy and will continue to do so
for many years to come".
Moderator Mel Levine of Gibson, Dunn and Crutcher, said: "With oil
prices as high as they are now, they are impacting the US and the West in a different way. The price of oil is now
forcing the private sector to make choices they didn't have to before."
Cornelia Meyer, Vice-
President for Development with Kimberly Clark, said: "There is no such thing as energy independence. Energy
independence is a myth." But much can be done to bring about energy efficiency, particularly in the case of
buildings. Meyer said buildings consume a huge amount of energy. "They need to be more energy-efficient," she said.
Gray Davis, former California Governor, said: "The question is not whether they can be energy
independent but less dependent. With research, maybe we can bring down our dependence on fossil fuels by 10 percent,
but that is a best-case scenario." He said it was "imperative" countries work together in developing alternatives
which will work. "We should not wait until 2030 for this process," said Davis.
Baroness Amos, former leader of Britain's House of Lords and Lord President of the Council, said politicians should
step forward and be brave and explain what is happening. She spoke on the haves and have-nots and sustainable
development, particularly for countries with energy wealth.
Manish Tiwari, Spokesman for
India's Congress Party, said: "Russia may have lost the Cold War but it is not ready to lose the energy
sweepstakes. India believes that energy security has attributes that distinguish it from other aspects of energy
Tiwari pointed out energy interest is often interpreted in the language of
competition and conflict. "All countries should cooperate with each other," he said. Ravi Shankar Prasad, Spokesman
for India's Bharatiya Janata Party and a former minister, said the ultimate approach must be cooperative.