On a day that oil futures touched a record $123 a barrel, John Hofmeister, president of Shell Oil Co., the U.S. division of Royal Dutch Shell, said oil companies need to find unconventional sources of oil as existing sources dry up.
John Hofmeister
Shell Oil boss calls for new energy policy
Oil president wants more access to energy resources
COEUR D'ALENE, Idaho -- The United State's reliance on foreign oil is being increased because of limits placed on where companies can search for resources, the president of Shell Oil Co. says. "The U.S. prohibits access to its own natural resources," John Hofmeister said. "We need more oil and gas, whether it's onshore Alaska, or offshore Alaska."
Montana’s Governor Eyes Coal to Solve U.S. Fuel Costs
THE NEW YORK TIMES: Montana’s Governor Eyes Coal to Solve U.S. Fuel Costs
“The Democratic governor of this Republican state said he had met with Shell president John Hofmeister… to discuss his proposals.”
Posted Friday 26 August 2005
By REUTERS
HELENA, Montana (Reuters) – Montana’s governor wants to solve America’s rising energy costs using a technology discovered in Germany 80 years ago that converts coal into gasoline, diesel and aviation fuel.
Skip to next paragraph The Fischer-Tropsch technology, discovered by German researchers in 1923 and later used by the Nazis to convert coal into wartime fuels, was not economical as long as oil cost less than $30 a barrel.
But with U.S. crude oil now hitting more than double that price, Gov. Brian Schweitzer’s plan is getting more attention across the country and some analysts are taking him very seriously.
Financial Times: Shell ‘had systems in place’ to hear fears over reserves
Financial Times: Shell ‘had systems in place’ to hear fears over reserves
By Carola Hoyos
Published: April 29 2004 5:00 | Last Updated: April 29 2004 5:00
A senior Royal Dutch/Shell executive has insisted that there were systems in place for any director to raise concerns over the oil group’s reserves position with the board.
John Hofmeister, Shell’s director of human resources, told the Financial Times that the issue could have been raised “through audit, human resources or the non-executive process” if it was not being addressed under normal reporting lines.