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Former Shell Oil President John Hofmeister argues we will pay a price for President Biden s move to sign an executive order revoking the permit for the Keystone XL Pipeline.
Former Shell Oil President John Hofmeister argued on Monday that President Biden’s “Keystone cancelation makes no sense for the future good of the American people,” warning that “we will pay a price for that.”
Hofmeister made the comments on “Mornings with Maria” on Monday, stressing that Biden’s energy actions create “uncertainty.”
“Oil is not going away,” he said. “Anyone that thinks it is, certainly doesn’t understand how the economy works and how science works and so it’s just going to be a struggle.”