Rex Tillerson on energy policy
From Sec. Rex Tillerson | World Affairs Council of Dallas/Fort Worth · · dfwworld
“You're never going to go wrong investing in oil and natural gas. I know that everyone I know we have these aspirations for the energy transition. The truth of the matter is we've been in energy transition since we were knocking two rocks together to start a fire with twigs. We went through the energy transition where wood was the primary energy source it was displaced by coal. Coal is displaced by oil. Oil has become somewhat displaced by natural gas and some Renewables but the truth of the matter is when the aspirant of a non-fossil fuel energy future talk about that they're completely ignoring demand. The demand side of the equation demand is growing all the time and so they are chasing an ever larger demand for energy that cannot be met by the currently available alternative sources.”
On , Rex Tillerson, Former Chairman & Chief Executive Officer at ExxonMobil, spoke about energy policy during Sec. Rex Tillerson | World Affairs Council of Dallas/Fort Worth on dfwworld.
About Rex Tillerson
Rex Tillerson served as U.S. Secretary of State from February 2017 to March 2018. During his tenure, he described the administration's approach to North Korea as a "peaceful pressure campaign," which he said was the same as what President Donald Trump called the "maximum pressure campaign." Tillerson stated that the re-designation of North Korea as a state sponsor of terrorism in November 2017 was a step to hold the country accountable for actions including assassinations and the use of banned chemical weapons. He said the sanctions were having an effect, citing fuel shortages and reduced revenues, and expressed hope that the pressure would lead Kim Jong Un to reverse the nuclear weapons program. Tillerson was fired by President Trump on March 13, 2018, and announced he would delegate his responsibilities to Deputy Secretary of State John Sullivan to ensure a smooth transition. In his farewell address to State Department staff, he said the department had "exceeded the expectations of almost everyone" with the North Korea pressure campaign and noted accomplishments including ceasefires in Syria and the adoption of a South Asia strategy. He also said Russia must "assess carefully" its actions, warning that continuing on its current trajectory could lead to "greater isolation." In his final remarks, Tillerson told staff that Washington "can be a very mean-spirited town" but that "you don't have to choose to participate in that."