Monday AM April 12th, 2010

A book called Why We Hate the Oil Companies is bound to get a lot of attention. Especially when it’s written by the former CEO of a major oil company. Ed Mayberry reports.

book cover of  Why We Hate the Oil Companies Former Shell President John Hofmeister has been writing about energy security in op-ed articles for years.  After leaving Shell, he founded the non-profit Citizens for Affordable Energy to help educate the general public about energy issues.  Hofmeister’s upcoming book Why We Hate the Oil Companies continues that quest.

“Well, the title came to me, actually, from Tim Russert during a Meet the Press interview where he asked, as his first question, did I have any idea how much the American people disliked me and my two other competitors who were there at the time — Dave O’Reilly from Chevron and Jim Mulva from ConocoPhillips.  I explained that’s exactly why I was out in the public trying to engage people across the nation.  The book is about the need for a national energy policy for the country.”

Hofmeister says Congress tries to please everyone, but by doing do is failing to develop a reasonable energy policy.  Hofmeister says by 2020, we could be facing an energy abyss.

“Fundamentally, too little is done, because there are so many special interests and so many opposition groups that it makes for very difficult political choices.  I make the point in the book that it’s not too late to avoid an energy abyss.  And frittering at the edges of the energy system with renewables is not the kind of hard decisions we need to make.  We must have more domestic production.  We need more electricity plants, whether that’s nuclear, whether that’s gasified coal with carbon capture sequestration and it’s development of the gas resources, which we know know are plentiful.”

Hofmeister says we can prepare for future energy needs with a mix of these solutions. 

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