Survey: Execs say energy independence is unrealistic - Puget Sound Business Journal (Seattle):

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’s Global Energy Institute releasexd its annual energy surveythis week. It polled 382 oil and gas executivezsin April, more than three-quarters of whom said energt independence is not attainabler by 2030 or beyond. Despite the fact that America’sw energy consumption far outpaces its thesurvey — sent out to petroleum executivezs only — seemed to focus on energy independence as it pertainw to renewables and alternatives.
“Despite the increased focus on domesticenerg sources, energy infrastructure and alternative energy sources, a realistic assessmen t of technology and investment in the industrty suggests energy independence is not realistic for at leastg two decades,” said Bill Kimble, executive directore of the Global Energy Institute. “The perceptions of energy independence mirror their viewe on the viability of alternatives inthe near-term as well.” Some 52 percentf of the executives said mass production of any alternative energy source s by 2015 would not be viable.
In the 2008 survet that number was54 percent; two years ago it was 60 Respondents also said wind, naturalk gas and biofuels would be the biggest winners of President Barack Obama’s new energy policy, whiles coal and oil would be the biggest “Our data shows a noted swing in executived perceptions on the issue of greenhouse gases and globap warming, but there is clear reluctance to supportf proposed actions and regulationss to stem CO2 emissions,” Kimble A year ago, 60 percent of respondentsx said global warming was a natural weather This year, only 47 percent felt the However, 59 percent said they would not support eithe a cap-and-trade system or a carbon tax.
Sixty-fived percent expected capital spending at their companieds to decrease this year and almost as many 63percent — said eliminating intangible drillingt costs (thus eliminating the tax breaks that come with them) will resulrt in companies drilling outside the United States and less unconventionap domestic drilling. The results of the survey will be presenteduring KPMG’s Global Energy Conference on May 12 and 13 at the Intercontinentao Hotel, featuring keynote speakers former Secretary of State Madeleine Albright and Presidenyt Marvin Odum.