Former Shell exec Hofmeister reacts to president's budget proposal
How will the president's budget proposal affect the fossil fuels industry and the economy? During today's OnPoint, former Shell Oil executive John Hofmeister gives his take on the energy items in the president's fiscal 2012 proposal. Hofmeister, now CEO of Citizens for Affordable Energy, explains why he believes a clean energy standard is not an effective policy tool. He also gives an update on the impact of turmoil in the Middle East on energy markets.