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The Houston Chronicle sat down with BP America chairman Robert Malone for a Q & A on a variety of topics relating to the energy giant’s stake in oil, the future of oil and what kind of car he drives. It’s well worth reading, and here are a few choice quotes from the man who could have a lot of impact on how we power our cars.
- – “The U.S. has been a net importer of oil for more than 40 years. That’s not going to change. … That’s why BP is working to bring new oil from Russia and the Caspian to the world market. … These [new oil field] investments are of strategic importance to BP and the U.S. But so are the billions we’re investing in other parts of the world, in bio-fuels and in alternatives like solar and wind.”
- – “BP has been blending ethanol in gasoline for more than 25 years, and we sell ethanol-blend fuels in 20 states. Last year alone we blended 575 million gallons of ethanol with gasoline in the U.S. – eliminating about 1 million tons of CO2 emissions. I believe bio-fuels are here to stay.”
- – “Our shareholders want us to invest in alternative energy, and they want us to do it intelligently. That’s why, over the next 10 years, we will invest $8 billion to expand the range of “low carbon” and “no carbon” energy options available to consumers.”
[Source: Houston Chronicle]