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February 11, 2011

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US team to discuss oil issues with China

A GROUP of prominent business executives and national security figures will visit China next month as part of their drive to reduce United States dependence on oil.

Members of the private Energy Security Leadership Council will discuss possible Chinese-US cooperation on oil security-related issues, said retired Navy Admiral Dennis Blair, a former US director of national intelligence.

"Can't we work on them (oil security issues) together?" Blair said his fellow travelers would ask at meetings with Chinese government officials and business leaders. He cited what he called parallel US and Chinese oil-market interests, including securing supplies at "a reasonable price."

Blair was the top US intelligence official from January 2009 until his resignation was requested by President Barack Obama in May after an alleged al-Qaeda airliner bombing attempt and an attempted car bombing of New York's Times Square.

He disclosed the China trip in an interview with Reuters after joining fellow council members to release sweeping recommendations designed to create a less oil-dependent US transportation system.

"Reliance on petroleum has created unsustainable risks to American economic and national security," said the council's report, titled Transportation Policies for America's Future.

The trip in mid-March will bring council members to a seminar with the Energy Research Institute of China's National Development and Reform Commission, the country's top economic planner. Talks will include "new energy development and China-US cooperation," said Justin Kitsch, a spokesman for Securing America's Future Energy, the council's parent group. He did not say which other council members would join Blair on the trip.

Wang Baodong, a Chinese embassy spokesman in Washington, replied: "I'd say China and the US have shared interests in safeguarding energy security and developing new energy.

"We're ready to enhance cooperation with the US for win-win results in this field," he added in an e-mail.

China, the world's most populous country and the No. 2 oil consumer after the US, has been scrambling to lock up long-term oil supply deals abroad to diversify its energy supply sources.




 

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