Exxon Head: Energy Independence Is a Myth

WASHINGTON – The idea of American energy independence is a myth and the United States must maintain “constructive relationships” with oil-producing countries for its own prosperity, the head of petroleum giant Exxon Mobil Corp. said Monday night.
“We do not have the resource base to be energy independent,” Exxon Mobil chairman Lee R. Raymond said in a speech in which he outlined some of what he called the “hard truths” about global energy markets.

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