Arab-US Policymakers Conference (AUSPC) 2006
Washington, DC -- October 30-31, 2006

Day One - Taking Stock of the Saudi Arabian-US Relationship: Examining the Implications for Interests and Policies

Session #4 - The Energy Outlook: Independence or Interdependence?

Moderator: The Hon. James Schlesinger, Chairman of the Board of the MITRE Corporation and Senior Advisor at Lehman Brothers; Consultant to the Departments of Defense, State, and Homeland Security; Member, the Defense Policy Board, the Arms Control and Nonproliferation Advisory Board, and Vice-Chairman of the Homeland Security Advisory Council; former Chairman, Atomic Energy Commission and Director, Central Intelligence Agency; and former Secretary of Defense as well as the nation’s first Secretary of Energy. 

Keynote Speaker: Mr. Khalid Al-Falih, Senior Vice President, Industrial Relations, and Board Member, Saudi Arabian Oil Company (Saudi Aramco), the world’s largest producer of crude oil and which manages a quarter of the world’s total oil reserves; Chairman of the Board, South Rub’ Al-Khali Company, an upstream gas joint venture among Shell, Total, and Saudi Aramco; Chairman, Dammam City Municipal Council; former President of Petron Corporation, a refining and marketing venture between Saudi Aramco and the Philippine National Oil Company; former Vice-President for Gas Ventures, Development, and Coordination. 

Panelists:

Among the senior energy executives represented in the following session are those whose companies are, among other things, major purchasers of Saudi Arabian crude oil, joint venture partners in refining projects in Saudi Arabia and the United States, substantial investors in both countries while pursuing expanded commercial relations and sharing technology to ensure continued reliable long-term energy supplies.

• Mr. Stephen D. Pryor, President, ExxonMobil Refining and Supply Company and a Vice President of the Corporation 

• Mr. Peter J. Robertson, Vice Chairman of the Board, Chevron Corporation; former Comptroller for Chevron Oil Europe, Comptroller of Chevron USA, and Vice President of Finance, Chevron USA; former President, Warren Petroleum Company, Chevron’s former natural gas liquids subsidiary; former President, Chevron Overseas Petroleum Inc., with responsibility for directing Chevron’s oil exploration and production activities worldwide; Director, U.S.-Russian Business Council; the U.S.-Saudi Arabian Business Council; the American Petroleum Institute; and Vice-Chairman, U.S. Energy Association. 

• Mr. John D. Hofmeister, President, Shell Oil Company; Head, U.S. Country Leadership Team, which includes the leaders of all Shell businesses operating in the United States; Board Member, the American Petroleum Institute, United States Energy Association, National Association of Manufacturers, National Urban League, and the Foreign Policy Association.  

• Mr. James J. Mulva, Chairman of the Board and Chief Executive Officer, ConocoPhillips, and Chairman, the American Petroleum Institute; former Chairman and Chief Executive Officer, Phillips Petroleum Company; Member, the Business Council and the Board of Visitors of M.D. Anderson Cancer Center in Houston. 

• Mr. Gary R. Heminger, President, Marathon Petroleum Company LLC, and Executive Vice President, Marathon Oil Corporation; Chairman, American Petroleum Institute Downstream Committee; Chairman of the Board, Tiffin University; former Chairman, Louisiana Offshore Oil Port, and Member, Oxford Institute for Energy Studies.  

• Panel Questions and Answers