On the heals of Bush’s claim to reduce our oil dependency on the Middle East 75% by 2025, Exxon replies it is impossible and not worth trying. From Reuters:
“Realistically, it is simply not feasible in any time period relevant to our discussion today,” Exxon Mobil Senior Vice President Stuart McGill said, referring to what he called the “misperception” that the United States can achieve energy independence.
The world’s largest publicly traded oil company, however, says hoping to end foreign oil imports is not only a bad idea, but also impossible.
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“Americans depend upon imports to fill the gap,” McGill said. “No combination of conservation measures, alternative energy sources and technological advances could realistically and economically provide a way to completely replace those imports in the short or medium term.”Instead of trying to achieve energy independence, importing nations like the U.S. should be promoting energy interdependence, McGill said.
I am sure it comes as a big surprise to you that the largest, most profitable corporation ever in the world says there’s nothing you can do to stop them. But I thought you should know. Your base are belong to us.