ExMo Chief: energy independence is "isolationist"

authordefault
on

On the same day Hilary Clinton released her plan to reduce the US addiction to foreign oil imports and significantly reduce greenhouse gas emissions, the CEO of the largest oil company in the world is balking at the pursuit for energy independence.

Rex Tillerson, chairman and chief executive of Exxon Mobil, has hit out at “isolationism” in energy policy (full article is firewalled) arguing that attempts to pursue energy independence are futile and counter-productive.

According to the US Department of Energy Information, ExxonMobil is the second largest exporter of crude oil to the United States originating from the Persian Gulf.

Tillerson stated that:

Regardless, no conceivable combination of demand moderation or domestic supply development can realistically close the gap and eliminate Americans’ need for imports.”Tilerson’s remarks, made at the World Energy Congress in Rome, provided support for calls from Opec, the oil producers’ cartel, for what the group calls “security of demand”.

Like what you read on DeSmogBlog? Subscribe to our RSS feed here.

 

Related Posts

on

Parliamentarians are “lending legitimacy” to a “toxic alliance” of attendees at Alliance for Responsible Citizenship, campaigners warn.

Parliamentarians are “lending legitimacy” to a “toxic alliance” of attendees at Alliance for Responsible Citizenship, campaigners warn.
on

An on-the-ground investigation in Pennsylvania finds unprotected radioactive material next to a popular bike and walking trail.

An on-the-ground investigation in Pennsylvania finds unprotected radioactive material next to a popular bike and walking trail.
on

As fishing communities fight back, Petrobras is going all out to control the narrative, a DeSmog investigation finds.

As fishing communities fight back, Petrobras is going all out to control the narrative, a DeSmog investigation finds.
Analysis
on

Carney’s “Canada Strong” fund exposes the nation’s resource kryptonite: leaving critical decisions to local governments captured by industry interests.

Carney’s “Canada Strong” fund exposes the nation’s resource kryptonite: leaving critical decisions to local governments captured by industry interests.