A top Conoco executive told Arthur Anderson's Annual Energy Symposium that the petroleum industry should view potential barriers to a continued healthy industry as opportunities to be embraced and acted upon.
R. E. "Rob" McKee, executive vice president for exploration production, said one obvious and significant source of new possibilities lies in challenging the status quo on U.S. energy policy.
He said it was "in all of our interests to collaborate with the new administration to adopt a rational energy policy that can protect our environment as well as increase our energy security and stimulate economic growth."
McKee said U.S. energy policy should address matters of access to hydrocarbon reserves, both domestic and international.
Besides urging a review of unilateral sanctions against crucial petroleum producers like Iran and Libya, McKee said access to U.S. reserves also should be examined.
McKee pointed out that some of the most prospective natural gas acreage is off limits to drilling. He said some 75 Tcf of gas is located in highly prospective regions in the Eastern Gulf of Mexico, the Western Atlantic and the Pacific Coast.
© 2000 Mena Report (www.menareport.com)