foreign oil

Tue, 2007-11-13 12:24Ross Gelbspan
Ross Gelbspan's picture

ExMo Chief: energy independence is "isolationist"

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.

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.”

His 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”.

 

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