Shell Oil President Hits Home Run In Senate Testimony By William Mayer
In just concluded testimony before the Senate's Judiciary Committee, outgoing Shell Oil Company President John Hofmeister delivered a withering indictment against onerous government regulation - inspired by a radical green agenda - of domestic and offshore oil exploration.
Hofmeister placed the blame for high energy prices and dependence on foreign imports squarely where it belongs, on the backs of legislators stating, "U.S. production has fallen steadily for the last 35 years. Oil production in this country peaked in the 1970s. As U.S. consumption of oil has doubled, domestic oil production has fallen off nearly 40 percent. Why? In large part, this is the result of government policies that placed important oil and gas resources off limits..."
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