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

It’s an effort by the oil sands group to deflect attention away from a long record of misleading climate claims, disinformation expert argues.

It’s an effort by the oil sands group to deflect attention away from a long record of misleading climate claims, disinformation expert argues.
on

The former prime minister attacks flagship climate deals and makes false claims about electric vehicles, Russia’s influence on energy policies, and net zero.

The former prime minister attacks flagship climate deals and makes false claims about electric vehicles, Russia’s influence on energy policies, and net zero.
on

The conference featuring Nigel Farage and Suella Braverman descended into chaos as police were called.

The conference featuring Nigel Farage and Suella Braverman descended into chaos as police were called.
on

Activists aim to make it “politically toxic” for elected representatives to associate with coal, oil and gas companies.

Activists aim to make it “politically toxic” for elected representatives to associate with coal, oil and gas companies.