Oil executives sound alarm about fuel use |
| Globe and Mail - Jul 19, 2007 |
When executives from the world's largest oil companies say we need to cut back on our consumption, it should serve as the ultimate wake-up call about a looming energy crunch.
Yesterday, the former chairman of Exxon Mobil Corp. and the current chairman of Chevron Corp. led an urgent call for dramatic increases in vehicle fuel mileage standards and the rapid adoption of ethanol and other biofuels.
Without those measures and a host of others, the U.S. could face a punishing energy crisis by 2030 that would spare no energy consuming nation.
The call to arms was issued in Washington yesterday by a committee of the National Petroleum Council, which was chaired by former Exxon chairman Lee Raymond. He was joined on it by Chevron chairman and chief executive officer David O'Reilly.
Read Full Article from Globe and Mail
- Posted: 2007-07-19 10:03:16
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