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Rex Tillerson, ExxonMobil CEO
He also addressed fears associated with drilling techniques and oil dependency

ExxonMobil's CEO defended oil and gas drilling by saying that climate change is something humans can adapt to.

Rex Tillerson, ExxonMobil CEO, said issues like climate change, energy dependence and oil/gas drilling are blown out of proportion. He blames a lazy press, illiterate public and fear-mongering advocacy groups for the bad light placed on the oil industry.

Climate change is a controversial topic that has been subjected to much debate. Tillerson said that fossil fuels may cause global warming, but argued that humans can easily adapt to the warmer climate. More specifically, he said that humans can adapt to rising sea levels and climate changes because he doubts the validity of climate modeling, which predicts the magnitude of impact associated with climate change.

"We have spent our entire existence adapting," said Tillerson. "We'll adapt. It's an engineering problem and there will be an engineering solution."

Others, however, disagree with Tillerson's assessment. Andrew Weaver, chairman of climate modeling and analysis at Canada's University of Victoria, said that adapting to climate change would be much harder than just preventing it in the first place.

In addition, adapting to climate change could be much more expensive than preventing it. According to Steve Coll, author of "Private Empire: ExxonMobil and American Power," adapting to climate change would require moving entire cities. A better alternative would be legislation that slows the process of global warming.

An example of such a measure is the proposed fuel standards for 2017-2025, which will require automakers to create vehicles capable of 54.5 MPG by 2025. The effort aims to reduce greenhouse gas emissions and lessen the country's dependency on foreign oil. These standards will cost the auto industry $157.3 billion and add an extra $2,000 to the sticker price of new autos, but it will save consumers $1.7 trillion at the gas pump.

The National Highway Traffic Safety Administration (NHTSA) will finalize the fuel efficiency standards by the end of July 2012. Such measures could hit ExxonMobil's wallet with less gas used.

Tillerson also addressed the topic of consequences related to oil/gas drilling techniques, saying that drilling will always present possible risks like spills and accidents. But he mentioned that such risks are manageable and worth the end result, which is the energy provided.

Tillerson also said that drilling in shale formations doesn't pose life-threatening risks to those living nearby. However, drilling mixes millions of gallons of water with sand and chemicals that creates drilling wastewater. If this water is not treated, it can contaminate drinking water through cracked drilling pipes.

Tillerson also mentioned his problem with views on oil dependency. He said that there will always be access to oil, and that it doesn't matter where the U.S. gets oil because it is priced globally. Tillerson added that the U.S. only receiving oil from North America would still increase gas prices in the U.S. because it would cause a "disruption" in the Middle East.

Source: The Hook

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RE: Talk about BS
By JediJeb on 6/29/2012 7:23:48 PM , Rating: 4
A) Adaptation- this usually takes time and is a painful process when a species threatening event occurs. Mammals didn't immediately develop thicker flesh and fur immediately in the onset of the ice age, adaptation took time and killed off many before a species adapted. Is it better to avert a danger before it reaches critical mass, or adapt at a time of emergency? We attack countries before they develop nukes, so why do conservatives say something different with regards to oil? Oh yeah, there's money to be made...

This is assuming that there actually is something to be done to avert the danger. What happens if all our resources are spent trying to avert the outcome, then we find out that the planet is going to have its way no matter what we do? Then we are even further behind in or rush to adapt than we were before.

Another thing to consider is we have something that early mammals did not have when they needed to adapt, intelligence and the ability to make changes faster than simple natural selection can. But then, equating the current warming trend to an asteroid impacting the Earth out of the blue is rather sensational at the least. The Earth warms and cools over time and yet we want to force it to remain as we like it, which is as it is now. The continents are moving also, maybe we should pass legislation to keep North America from eventually sliding into Asia? Sounds silly, but it may be just as silly an idea as trying to control the climate to our liking.

RE: Talk about BS
By StevoLincolnite on 6/30/12, Rating: -1
RE: Talk about BS
By izmanq on 6/30/12, Rating: 0
RE: Talk about BS
By JediJeb on 7/2/2012 4:49:30 PM , Rating: 2
First off, resources are time, money and manpower. Also I have never said we should not try to find alternatives to oil in all my posts here over the years, only that using man made global warming as the excuse to do so is misguided. We should move to cleaner alternatives because they are, well, cleaner, and more efficient, but forcing that change before we are ready or able to do it is also wasting time, money and manpower. Forcing it before it is fiscally and physically possible will do nothing to help the world.

RE: Talk about BS
By izmanq on 6/30/12, Rating: 0
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