Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

SUPPLY/DEMAND

US Energy Independence Is Flawed Concept, Says Raymond

The goal of the US achieving energy independence was a flawed concept when it was first raised 30 years ago and it is a flawed concept today, according to Lee Raymond, Chairman and CEO of ExxonMobil. He was responding to questions after addressing the OPEC International Seminar in Vienna on 16 September. Mr Raymond said he did not want to get drawn into the debate...