Energy Security
“A Gulf Drilling Revival”: WSJ on ExxonMobil discovery
Last week, we announced three oil and gas discoveries in the Gulf of Mexico totaling an estimated 700 million barrels of oil equivalent – one of the largest discoveries there in the last decade.
There’s more in a barrel of oil than just gasoline
I know the media has been focusing a lot on oil lately, and understandably so given prices at the gas pump. But often overlooked is oil’s broader use throughout our economy – in often surprising ways. Put simply, oil is fundamental to almost every aspect of modern life. In addition to producing gasoline and other transportation fuels, oil also is used to make an array of products essential to the way we live – everything from life-saving medical equipment to the plastics used in computers and cell phones.
A $1 trillion contribution to the national economy
Debates continue about ways to reduce the deficit, create jobs, and jump-start the U.S. economy. One important way to approach the issue is focusing on our nation’s strengths, and how we can build upon them. And one of our strengths is our world-class oil and natural gas industry.
ExxonMobil’s earnings: The real story you won’t hear in Washington
Big numbers make headlines – like our announcement of $10.7 billion in earnings for the first quarter of 2011. What may not make the headlines is the context surrounding that number, so I thought I would share with you what I told reporters following the announcement.
Restricting oil supplies? Take a look in the mirror.
A Senate committee last week passed legislation that would attempt to allow lawsuits in U.S. courts against any foreign state or cooperative for limiting the production of oil or natural gas. The bill, nicknamed “NOPEC,” targets the Organization of the Petroleum Exporting Countries (OPEC). It’s ironic that the “NOPEC” bill tries to ban the very thing that U.S. energy policy does on a daily basis – limiting production of oil and natural gas supplies.
Canadian oil: Essential to U.S. energy security
“Stable and steady and reliable” – that’s what the president called Canadian oil yesterday when he called for the U.S. to take greater advantage of energy supplies from our neighbor to the north. But as I said earlier today in response to this speech – it’s time to turn words into action.
