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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 izmanq on 6/30/2012 7:43:28 PM , Rating: 2
quote:

Science and reality do not conclusively support or even hint at man made global warming unless the data is manipulated and cherry-picked. What the data does suggest is that the earth goes through regular heating and cooling phases...and that the current phase may actually be abnormal - the "normal" for this planet is likely an atmosphere with higher concentrations of so-called "greenhouse" gases, denser atmosphere and a warmer global climate.

What kind of life was inhabiting this planet for billions of years? NOT humans and not most of the life we have right now.

Just because we exist now doesn't mean that now is the "norm" and deviation from our current state is abnormal. If the earth was a hot, humid rock for the last few eons then by definition THAT would be its normal climate.


it's more likely oil company is the one who's paying their scientist to manipulate the data, perhaps you should check when the warming begins, if it's happen at this rate long before we start using our fossil fuel, than you can claim, ok it's not our fault :p

btw, i don't want to extinct, so even if global warming is so called nature cycle, i would like to disrupt the cycle :p


RE: Talk about BS
By EricMartello on 6/30/2012 9:01:15 PM , Rating: 2
quote:
it's more likely oil company is the one who's paying their scientist to manipulate the data, perhaps you should check when the warming begins, if it's happen at this rate long before we start using our fossil fuel, than you can claim, ok it's not our fault :p


We have only been tracking weather since the 1800s, and the technology back then was not nearly as accurate or as comprehensive as what we have today, even in the last 40-50 years. Considering the age of the earth, ~200 years of data is very little to work with and not a reliable foundation for drawing any conclusions upon. It's like trying to figure out where a river flows by looking at a 3 x 3 foot area of shoreline.

Is the earth warming? I don't deny that - but I do have a problem with the notion that humans are causing this effect.

quote:
btw, i don't want to extinct, so even if global warming is so called nature cycle, i would like to disrupt the cycle :p


Well I can't say I want to be extinct either but we all kick the bucket sooner or later. Being dead is just like things were before you were born.


RE: Talk about BS
By semiconshawn on 7/2/2012 5:33:08 PM , Rating: 2
No its Al Gore. After he invented the internet he figured out how to monetized global warming. Go around creating a problem then offer a high price solution. Carbon offsets. HAHAHAHA freakin genius. Suckers.


"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs














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