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 energyย independence.

Rex Tillerson, chairman and chief executive of Exxon Mobil, has hit out at โ€œisolationismโ€ in energy policy (full article is firewalled) arguing that attempts to pursue energy independence are futile andย 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 Persianย Gulf.

Tillerson statedย that:

Regardless, no conceivable combination of demand moderation or domestic supply development can realistically close the gap and eliminate Americans’ need for imports.โ€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 โ€œsecurity ofย demandโ€.

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

ย 

Related Posts

on

Many Cannes Lions award winners have claimed credit for field work they didnโ€™t do, positive impacts that canโ€™t be confirmed, or campaigns that barely existed.

Many Cannes Lions award winners have claimed credit for field work they didnโ€™t do, positive impacts that canโ€™t be confirmed, or campaigns that barely existed.
on

Parliamentarians are โ€œlending legitimacyโ€ to a โ€œtoxic allianceโ€ of attendees at the Alliance for Responsible Citizenship event, campaigners warn.

Parliamentarians are โ€œlending legitimacyโ€ to a โ€œtoxic allianceโ€ of attendees at the Alliance for Responsible Citizenship event, 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.