Sustainable Competition

Tuesday, May 7, 2013

"We need a competitor for oil," says John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy. "We need to open the market to replacement fuels like methanol, ethanol and natural gas. Competition will drive transportation fuel prices down, structurally and sustainably. These fuels are well within our reach, we can implement them into our existing system without the need to wait twenty years for fleet turnover. Fuel Freedom’s approach to opening the fuels market by breaking the oil monopoly is America’s next giant leap forward."

The above is excerpted from an article entitled, "Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation." Read the whole article here.

Watch a five minute interview with Hofmeister on CNN by clicking here.

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