Shell Oil ex-CEO Hofmeister: BP’s blown-out well so massive, a “failure to produce this huge natural resource would be a loss to the nation”


Former Shell Oil CEO John Hofmeister Live Q&A, Washington Post, July 19, 2010:

Arlington, Va.: Even if it were mechanically sound and viable for BP or someone else to pump from this particular well again at some point, it would never happen because of the politics and PR of it, right?

John Hofmeister: It's my understanding BP has promised not to profit from this well. In my opinion, however, failure to produce this huge natural resource would be a loss to the nation. Why not commit the well proceeds to the restoration of the Gulf of Mexico as a down payment on correcting the devastation in the wetlands and other infrastructure along the gulf coast?

Hofmeister's recent television appearance:

1 comment to Shell Oil ex-CEO Hofmeister: BP’s blown-out well so massive, a “failure to produce this huge natural resource would be a loss to the nation”

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