John hofmeister shell oil biography template
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While energy companies have put the brakes on capital spending thanks to low crude prices, in a few short years there won’t even be enough oil to meet demand, former Shell Oil CEO John Hofmeister predicted Thursday.
“We cannot ever produce enough oil, in my opinion, to satisfy global demand five or 10 years out. We have to start using natural gas and more biofuels as a source of transportation fuel,” he said in an interview with CNBC’s “Power Lunch.”
On Thursday, the American Petroleum Institute reported petroleum deliveries rose bygd 3.6 percent from a year ago to 19.7 million barrels a day, making it the highest April deliveries in eight years.
Oil prices have been slowly climbing back up since they hit 12-year lows in the first quarter, thanks to falling U.S. production and unexpected supply constraints hitting Libya and the Americas.
Those oil lows came about because of oversupply issues and led big names to slash capital spending bygd ten
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John Hofmeister, president of Shell oil
Landon Lecture
Sept. 8, 2006
Following is the complete text of the Landon lecture delivered Friday at Kansas State University by John Hofmeister, president of Shell oil.
President Wefald, Dr. Reagan, distinguished guests, ladies and gentlemen. It is a pleasure to be at this podium today to address you on what I believe is one of the most optimistic forecasts that we can see in the years ahead for America and the world as we approach the energy requirements of the future.
But first let me commend the Landon Lecture series for what it does to Kansas State University and the people of Kansas. I had the privilege also of meeting Gov. Landon as a student, seeing him on this stage representing points of view, some of which he agreed with, some of which he did not, but always encouraging points of view to be broadcast across this great state. I had the pleasure of meeting him privately with a group of students and discussing his views du
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Why We Hate the Oil Companies
This article, by a former president of Shell Oil, was written before the Deepwater Horizon explosion on April 22 and the subsequent oil leak. It is adapted from a book by the same name to be published May 25 by Palgrave Macmillan.
On a brilliant blue sky Saturday morning in August 2006, I found myself in Erie, Pa. At that time (I have since retired), I was the president of the Shell Oil Company — the U.S.-based operating company of Royal Dutch/Shell, and itself one of the largest oil companies in the world. I was conducting an outreach tour.
We had started the tour after Hurricanes Katrina and Rita hit the Gulf Coast in the late summer of 2005, just months after I became company president. Oil prices had been climbing for the past three years, and the serious supply disruptions caused by the storms sent them skyrocketing. I started receiving hate mail, including a drawing showing me hanging in effigy; not exactly what I expected when I