US formulating Energy Policy

The Bush administration has appointed former ExxonMobil CEO Lee Raymond and the National Petroleum Council to chart America’s energy future.

Lee Raymond, chair of the National Petroleum Council, is to provide the administration with policy recommendations for the long-term direction of the nation’s energy policy. As chair, Mr. Raymond was granted the power to handpick the study’s leadership.

Why should we care? In the 1990s, Exxon Mobil began a multi-million dollar subversive disinformation campaign to undermine the science on global warming and delay action. The company vocally opposes U.S. energy independence and presses for deeper reliance on oil-producing nations such as Saudi Arabia where the company has sunk heavy investments. Raymond denies that oil dependence is a problem, and he considers renewable energy an uneconomical investment.