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 

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

DeSmog has been tracking the efforts of fossil fuel trade associations, policymakers, and industry backed-groups out to demolish U.S. climate policy for years.

DeSmog has been tracking the efforts of fossil fuel trade associations, policymakers, and industry backed-groups out to demolish U.S. climate policy for years.
on

Trump wants to rescind the document's findings, which are the keystone of U.S. climate policies. The public has 45 days to comment.

Trump wants to rescind the document's findings, which are the keystone of U.S. climate policies. The public has 45 days to comment.

A growing bloc of nationalist parties is undermining the EUโ€™s climate agenda from within.

A growing bloc of nationalist parties is undermining the EUโ€™s climate agenda from within.
on

Nigel Farageโ€™s party spent almost a quarter of its budget with The Mail, The Sun, and Express.

Nigel Farageโ€™s party spent almost a quarter of its budget with The Mail, The Sun, and Express.