By Adam Lashinsky

The CEO of Saudi Aramco, the national oil company of Saudi Arabia, lashed out at the Obama administration Thursday, lamenting the oversupply of “rhetoric”  from major oil-consuming nations regarding energy independence. Without naming the U.S. president directly, Khalid Al Falih couldn’t have been clearer who he was referring to. He called pervasive talk from nations that want to wean themselves from an addiction to foreign oil, a common trope in U.S. environmental circles, “unachievable and misleading to the public.”

Al Falih anchored an extraordinary collection of representatives of major oil producers at a morning session at the World Economic Forum in Davos, Switzerland. Chaired by consultant and prizewinning author Daniel Yergin, the panel provided a heavy dose of reality into a debate often dominated in Western media and policy circles by a hopeful yearning for alternative energy.

Some highlights:

• Tony Hayward, group chief executive of BP (BP), said that though the recession certainly had crimped energy demand in developed countries, BP is forecasting a 40% increase in energy consumption among non-OECD nations over the next 20 years. Furthermore, for all the development initiatives in alternative energy, oil and gas will remain predominant. “Even in the most aggressive climate change legislation perceived, hydrocarbons will represent 80% of energy consumption over next 20 years,” Hayward said. He also said that while gasoline demand is now in “structural decline” in Europe and won’t again exceed 2007 levels, that decline will be more than offset by increased demand in China alone.

• Peter Voser, CEO of Royal Dutch Shell, also offered his view of energy “realism.” Change in the energy industry, he said, doesn’t work like an on-off switch. “It takes 25 to 30 years to gain 1% of global market share from the moment we start investing in a major project,” he said.

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