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

New accounts show the oil and gas industry trying to weaken methane reporting while saving the federal emissions system it relies on.

New accounts show the oil and gas industry trying to weaken methane reporting while saving the federal emissions system it relies on.
on

At the American Legislative Exchange Councilโ€™s annual meeting, members of Leonard Leoโ€™s network explain why the right-wing court majority is crucial for protecting oil companies from climate lawsuits.

At the American Legislative Exchange Councilโ€™s annual meeting, members of Leonard Leoโ€™s network explain why the right-wing court majority is crucial for protecting oil companies from climate lawsuits.
on

Toronto Sun opinion writer Jay Goldberg works for a group that backs Trumpโ€™s AI strategy and has received funding from a Big Tech lobbying firm.

Toronto Sun opinion writer Jay Goldberg works for a group that backs Trumpโ€™s AI strategy and has received funding from a Big Tech lobbying firm.
on

Critics say that as the climate crisis worsens, Aberdeen Science Centre is sending the wrong message by partnering with the Norwegian oil major.

Critics say that as the climate crisis worsens, Aberdeen Science Centre is sending the wrong message by partnering with the Norwegian oil major.