By John Hofmeister
As president of Shell Oil, John Hofmeister used to be identified for being a immediately shooter, prepared to problem his friends through the undefined. Now, he is a guy on a venture, the founding father of voters for cheap power, crisscrossing the rustic in a grassroots crusade to alter the way in which we glance at power during this nation. whereas pundits proffer fake new offers of eco-friendly strength independence, or flatly deny the lifestyles of an issue, Hofmeister deals an insider's view of what is in the back of the strength businesses' posturing, and the way politicians use strength incorrect information, disinformation, and absence of knowledge to get and remain elected. He tackles the power controversy head-on, with no regard for political correctness. He additionally presents a brand new framework for fixing tough difficulties, choosing suggestions that may bring about a way forward for cozy life, cheap and fresh power, environmental safeguard, and sustained monetary competitiveness.
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Extra resources for Why We Hate the Oil Companies: Straight Talk from an Energy Insider
If the industry were permitted to drill both offshore and on federal lands, we could significantly increase our domestic production. S. outer continental shelf for the past 30 years by both presidential and congressional moratoria, and drilling on federal lands has been prohibited by federal regulation. How much would these sources increase domestic production? Based on my own analysis and discussion with many experts, by implementing a sustained, committed, capitalized effort to seriously increase domestic drilling off Alaska舗s coast, the West Coast, the eastern Gulf of Mexico, and the East Coast, along with more access on federal lands, I believe we could reverse the ongoing decline in domestic production and raise it to about 10 million barrels per day, where it was in 1970, over the next 10 to 15 years.
Instead of educating consumers on the real risks and real costs of energy, they choose to sponsor cultural and educational television programs. Instead of being on-site to respond to a crisis, they send the lawyers. Instead of patiently and repeatedly explaining their enormous revenue, profit, and investment numbers in layman舗s terms, they use investor relations舑speak. This leaves the impression that they believe people are too stupid to understand them, so there is no point in explaining. I actually heard one executive from another company say, 舠Why waste money to communicate with people who don舗t like us?
It舗s been impossible over these past three-plus decades, during which time we have had five Republican and three Democratic presidents. Congress meanwhile has changed majorities multiple times both in the Senate and the House, meaning that policy proposals and committee chairs have turned over multiple times. S. courts have seen dozens of federal judges come and go, appointed by Republican presidents and Democratic presidents, and their rulings on energy cases (as on other issues) have reflected their respective interpretations of law, sometimes based on strict construction and sometimes essentially legislating from the bench.