Yesterday (Mar. 9), the Houston Chronicle published an op-ed by Shell Oil CEO Marvin Odum titled, Why Shell Oil Co. and I are staying in the U.S. Climate Action Partnership. It’s pretty thin on substance. Kinda reminds me of that ’80s film, “The Unbearable Lightness of Rent-Seeking.”
Maybe Mr. Odum got his marching orders from The Hague (Netherlands), or maybe he really believes cap-and-trade is good for the oil (and natural gas) business. These are strange times. Confusion abounds in high places.
In this post, I provide a running commentary on Odum’s column. Odum’s verbiage is indented; my comments follow in bold type.
Today, Washington is having the wrong energy and climate debate, and the future of the U.S. economy may be the biggest casualty.
A rather amazing statement, considering that the party of cap-and-trade controls the White House and the leadership of both the House and Senate. …