Shocking. :eyes:
The head of Shell Oil Co. is on a barnstorming tour of the country, hoping to spread his company's viewpoints on energy issues and confront a backlash against high energy prices. On Wednesday, John Hofmeister was in Austin, where he spoke at the University of Texas' LBJ School of Public Affairs, touting conservation, renewable energy and nontraditional approaches to boosting fuel supplies.
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• He doesn't buy the theory that the world is running out of oil, but said the "easy oil . . . the inexpensive oil" mostly has been found. Hofmeister said his company is investing more to get oil from sources such as shale formations in Colorado and oil sands in Canada, but said that is a costly, long-term process.
• He said there is a "linkage" between greenhouse gases and climate change and that the "time for debate is past." Hofmeister called for a national strategy to reduce carbon dioxide emissions, but said a newly passed California law that requires the state to reduce greenhouse emissions by 25 percent by 2020 goes too far.
• He said the United States needs to expand alternative energy sources, such as wind power, while promoting conservation. But he said the government should not just "throw money" at alternative energy.
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http://www.statesman.com/business/content/business/stories/other/09/21/21shell.html