Reading Oil

A recent study from the U.S. National Petroleum Council (NPC), led by former ExxonMobil chairman Lee Raymond, asserts global energy consumption will increase as much as 60 percent by 2030 but assures


The Petroleum Council recommends strengthening U.S. fuel economy standards, further developing biofuels, and increasing domestic drilling for oil and gas. It also calls on the United States to take up policies to curb greenhouse gas emissions, similar to recommendations made by a recent CFR Task Force on U.S. oil dependency. Such recommendations may be surprising coming from Raymond, well known for his skepticism about global warming, and the New York Times says they