Submitted on March 26th, 2008 by Unregistered user (not verified)
I just heard the PBS [Charlie Rose] interview of Shell President John Hofmeister.
"In America, we subsidize NOTHING"
Surprised? I was. He talked about how every other nation on earth has "nationalized natural resources" except America, and why that would be a good idea for America.
He didn't actually say that the USA government should take over the job of finding, producing, refining, distributing, and selling oil and gas and gasoline - I am sure he didn't mean that.
One thing he did mention specifically is that he wants government to help with setting up coal gasification so they can stop doing coal pulverization. I would agree with that one. Gasification is a much cleaner and more efficient way to get energy from coal. However, the huge corporate profits should used [maybe be demanded by government regulations] to use the 'cleaner known methods' of getting energy from coal. Or, have penalties for dirty processes.
I believe that 'socialized energy' could solve a lot of problems of the economics of addressing global warming and high prices of gasoline - Venezuelans pay 10 cents a liter for gasoline, and it is 50% ethanol from cane sugar. Venezuela could do a lot better with emissions I suppose. Maybe they will - they have no excuse like shareholder demands not to spend on cleaner technologies.
The thing is that global warming emissions are caused by the fossil fuel industry's main products, and so the oil and gas corporations should start to pay for the negative effects of their dirty product like any other producer of goods does when they produce products with negative consequences. Instead, they get subsidies... despite earing record profits . Hofmeister says all of Shell's big profits went back into 'capital spending on projects'. Not much went into solar and wind power though, but they did spend about $2B of the $26B budget on wind.
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Shell President interview
Submitted on March 26th, 2008 by Unregistered user (not verified)I just heard the PBS [Charlie Rose] interview of Shell President John Hofmeister.
"In America, we subsidize NOTHING"
Surprised? I was. He talked about how every other nation on earth has "nationalized natural resources" except America, and why that would be a good idea for America.
He didn't actually say that the USA government should take over the job of finding, producing, refining, distributing, and selling oil and gas and gasoline - I am sure he didn't mean that.
One thing he did mention specifically is that he wants government to help with setting up coal gasification so they can stop doing coal pulverization. I would agree with that one. Gasification is a much cleaner and more efficient way to get energy from coal. However, the huge corporate profits should used [maybe be demanded by government regulations] to use the 'cleaner known methods' of getting energy from coal. Or, have penalties for dirty processes.
I believe that 'socialized energy' could solve a lot of problems of the economics of addressing global warming and high prices of gasoline - Venezuelans pay 10 cents a liter for gasoline, and it is 50% ethanol from cane sugar. Venezuela could do a lot better with emissions I suppose. Maybe they will - they have no excuse like shareholder demands not to spend on cleaner technologies.
The thing is that global warming emissions are caused by the fossil fuel industry's main products, and so the oil and gas corporations should start to pay for the negative effects of their dirty product like any other producer of goods does when they produce products with negative consequences. Instead, they get subsidies... despite earing record profits . Hofmeister says all of Shell's big profits went back into 'capital spending on projects'. Not much went into solar and wind power though, but they did spend about $2B of the $26B budget on wind.