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Page added on March 18, 2008
Hofmeister sees progress on 2 big goals
An interview with John Hofmeister, Shell CEO, bound to retire in June
Q: Oil prices have reached unprecedented heights, natural gas prices are up, costs to find both are skyrocketing, refineries are stretched to the limit, and companies are posting record profits that generate much criticism from consumers and politicians. How do you respond?
A: Why are prices so high? Because demand outstrips supply, including finished product.
Houston Chronicle
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