Bodman: U.S. Must Diversify Energy

(MarketWatch) — With global oil demand skyrocketing, the United States faces energy shortages and higher prices if it fails to look beyond its traditional Middle East suppliers, Energy Secretary Samuel Bodman said Wednesday.

“We need not only diversity of different types of energy, but we need diversity of the places from which you import in case there are problems of some kind,” Bodman said, without specifying where the United States might turn for additional energy needs.

Bodman spoke at a meeting of the National Petroleum Council, which is conducting a study on the future of global oil and natural-gas supplies at Bodman’s request.
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