Peter Robertson: No Illusions at Chevron

“This notion of being energy independent is completely unreasonable. I don’t think anyone actually believes that the US can end its dependence on oil in the Middle East at all. … Arabia's massive resources will continue to promote international energy security and serve as a moderating force in balancing supply and demand … Oil and gas are going to be the fundamental source of our energy for the rest of my life and, I’m confident, well beyond that.”

Peter Robertson, vice chairman, Chevron Corp., remarks at Jeddah Economic Forum.

“Saudi oil ‘key to international energy security,’” Gulf Daily News, 2/13/06.

The JEF 2006 sponsors include Emaar Properties as lead sponsor; Saudi Arabian Airlines, Saudi Binladin Group, Al-Khayala (NAS), Al Hilal Group, National Commercial Bank and Xenel as diamond sponsors; Gulf One Investment Bank, Enany Group, Saudi Basic Industries Corp. (SABIC), Citigroup, Aal Taher Group, EFG-Hermes, Budget Car Rental and the Prince Sultan Foundation (Medunet) as gold sponsors; and Riyad Bank, Credit Suisse, Saudi Electricity Company, Savola Group, General Motors, Khaled Juffali and Sumitomo Chemical Asia as silver sponsors. Media sponsors include Saudi Research and Publishing Company, Al-Madina newspaper, Sky News and Al Arabiya.

Khalil Hanware & K.S. Ramkumar, “JEF Starting From Today to Feature Global Leaders,” Arab News, 2/11/06.