Oil and Gas:
Shell's Hofmeister urges lawmakers to mandate emissions cap, expand U.S. oil and gas drilling
With oil prices surpassing the $100 mark this week, the spotlight remains on oil companies, their record profits, and how the United States can become more energy independent. During today's E&ETV Event Coverage, Shell Oil Co. President John Hofmeister discusses Shell's "National Dialogue on Energy Security" report, which gives recommendations to policymakers on how to shape the United States' energy future. Hofmeister also reacts to the new biofuels mandate established in last year's energy law and explains why he believes the United States should expand production of non-corn biofuels.