Wed, Aug 20, 2014, 7:48 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Jun 25, 2013 9:55 AM Flag

    Military Report: America Has 'Misguided' Fixation With Domestic Drilling

    Military Report: America Has 'Misguided' Fixation With Domestic Drilling

    The report, released quietly this month, says climate change is a bigger national security threat than the country's dependence on foreign oil.

    By John H. Cushman Jr., InsideClimate News

    Jun 24, 2013

    WASHINGTON—A new report from the U.S. Center for Naval Analyses and the London-based Royal United Services Institute, two of the NATO alliance's front-line strategy centers, recommends putting more effort into fighting global warming than securing reliable supplies of fossil fuels.

    The authors call the habitual American fixation on winning energy independence through expanded North American production of oil and natural gas "misguided." They say the "only sustainable solution" to the problem of energy insecurity is not through more drilling, but through energy efficiency and renewable fuels, like biofuels to replace oil.

    Despite the steady supplies provided by the current U.S. drilling boom, "the increased domestic production of oil and natural gas is not a panacea for the country's energy security dilemma," they say.

    And in blunt language, they criticize American policymakers and legislators for refusing to accept the "robust" scientific evidence that emissions of carbon dioxide are already causing harmful global warming, and for refusing to take actions that, if taken swiftly, could ward off its worst effects.

    "Political leaders, including many in the United States, refuse to accept short-term costs to address long-term dangers even though the future costs of responding to disasters after they occur will be far greater," said their report, published this month.

    The report, in the works for a year, was released as President Obama prepared to ramp up the administration's efforts on climate change, and while the State Department was immersed in its review of whether to approve the Keystone XL pipeline to carry tar sands oil from Canada to refineries in the United States.

    In a major policy

 
XOM
99.70+0.21(+0.21%)Aug 20 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.