Source:
Agence France-PresseUS to mull energy proposals from panel led by ex-Exxon chiefWed Jul 18, 7:00 PM ET
WASHINGTON (AFP) - The US government will consider a range
of recommendations on energy policy made by a high-level panel
led by the former chief executive of oil giant ExxonMobil Corp.,
officials said Wednesday.
-snip-The NPC, which is headed by former ExxonMobil CEO Lee Raymond,
delivered its recommendations to Bodman Wednesday at a meeting
in Washington. Its vice chairman is David O'Reilly, a chairman
of Chevron Corp, another big energy firm.
The NPC serves as an advisory body to the US Department of Energy.
-snip-Council experts urged the government to cool spiking energy demand
by boosting economy standards for motor vehicles and called for
the expansion and diversification of US energy sources among other
proposals.
-snip-The NPC urged the government to diversify production from clean
coal, nuclear, biomass, renewables and other energy sources. The
report was the culmination of an 18-month study in which more than
350 experts were consulted.
-snip-Read more:
http://news.yahoo.com/s/afp/20070718/ts_alt_afp/usenergypoliticsoil_070718213007
Source:
New York TimesBig Rise Seen in Demand for EnergyBy JAD MOUAWAD
Published: July 19, 2007
WASHINGTON, July 18 — It started with a simple question by Samuel
W. Bodman, the energy secretary: What does the future hold for
supplies of oil and natural gas?
-snip-After nearly two years, Mr. Raymond has finally delivered his answer:
Because the world’s population is growing and living standards are
rising worldwide, energy consumption globally is expected to rise by
more than 50 percent over the next 25 years. But finding supplies to
match that growth is going to be increasingly tough and will require
huge new investments in coming decades.
The support for that conclusion is a 476-page study titled “Facing
the Hard Truths About Energy” that involved 350 participants,
suggestions from more than 1,000 people, submissions by 19 foreign
governments from Australia to Saudi Arabia, and dozens of
subcommittees.
Some of the recommendations made by the petroleum council probably
far exceed what the Bush administration was expecting, for example
calling for a federal standard to manage carbon emissions and taking
steps to moderate consumption.
-snip-Read more:
http://www.nytimes.com/2007/07/19/business/19oil.html