Monday, 16 April 2012
Exxon CEO: "If you want to live by the precautionary principle, then crawl up in a ball and live in a cave"
Exxon Mobil, America´s most profitable company, now produces as much natural gas as oil, and the share of shale gas is set to grow. The Chairman and CEO of Exxon, Rex Tillerson, a shale gas pioneer himself, knows what he is talking about:
Tillerson brushes aside environmental concerns as manageable and overblown. He regards the shale surge as unambiguously good news for the U.S. and the world, the latest triumph for an industry that periodically invents new ways to find and harness fossil fuels from the earth. "The most important thing for people to understand about shale gas is it's just yet the next big resource opportunity for us," he says. "The world's economy has a voracious appetite for energy, so thank God we can do this."
Tillerson believes the discourse about shale has been hijacked and distorted. He says that Exxon is transparent about its practices and points out, for instance, that the company was an early proponent of disclosing the chemicals that it uses in fracking. He argues that shale drillers are being held to an unrealistic safety standard. "What's happened is the tables have been turned around now to where we have to prove it's not going to happen," he says. "Well, that is a very dangerous exchange to get into because where it leads you from a regulatory and policy standpoint is to govern by the precautionary principle. And the precautionary principle will absolutely undermine the economy." He adds, "If you want to live by the precautionary principle, then crawl up in a ball and live in a cave."
Read the entire article here
One must only hope that the political decision makers understand the historic importance of the American led shale gas revolution. It is the best - and maybe only - hope for the US to regain its economic leadership role in the world.
Upplagd av NNoN kl. 13:42