Oil And Gas Still Vital Role in U.S.

Oil and gas still has a vital role even though the United States wishes to use the new fuel, the U.S. deputy energy minister said Daniel Poneman in Cancun, Mexico, Tuesday.

Speaking on the sidelines of the International Energy Forum - a meeting of producers and the countries of the world's largest energy consumer - Poneman also calls for more transparency in energy supply data to help resolve the uncertainty in world oil prices.

"Energy is very important for the world economy and oil and gas which already have long-term role as part of a global economy that will continue to do something for the predictable future," said Poneman to the press.

"Therefore, why the United States continue to seek guarantees of safe and reliable access to those mineral resources."

However Poneman also stated that the United States was "looking for certain" future in the world's largest economy which would "reduce dependence" on foreign oil supplies.

"This is a long time that has become U.S. policy," said deputy energy minister.

Poneman say where there has been "good discussions" in Cancun about "extraordinary opportunities" for the United States to help develop and disseminate a variety of alternate energy technologies in the framework of partnership with the other countries.

International Energy Forum (IEF), held every two years is beginning a two-day talks, which ended Tuesday with the publication of the ministerial declaration set to call for joint action in dealing with the risk of falling oil prices. (Ant / rit)