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FloridaToday.com: Shell president wants oil exploration

BY SCOTT BLAKE
FLORIDA TODAY

Shell Oil Co. President John Hofmeister on Tuesday delivered Big Oil’s message to the masses.

The message: The way to lower oil and gasoline prices is to increase supplies. And one of the best ways to do that could be to allow oil companies greater access to environmentally sensitive areas, such as Alaska, the Gulf of Mexico and other places without the warfare and political opposition that exist in other parts of the world.

“There are still areas to be developed” for oil exploration and drilling “that can be developed safely and environmentally securely,” Hofmeister said during an Orlando Regional Chamber of Commerce luncheon at the Orlando International Airport Hyatt hotel, followed by interviews with the news media.

Hofmeister said Orlando was his second stop on a 50-city tour to discuss ideas for solving the nation’s energy problems.

He also called for America to adopt of a “culture of conservation” to reduce fuel consumption. By decreasing demand and boosting supplies, it would drop oil and gasoline prices, which he said is not out of line with Shell’s business plan because it will help the economy.

“It’s our view that the more affordable energy is, the greater that economic development can occur, which, in itself, fuels demand for more energy,” Hofmeister told FLORIDA TODAY after his speech. “We believe long-term economic growth” of the nation “is the best for long-term profitability” of the company.

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Contact Blake at 242-3644 or [email protected]

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