Saturday, June 22, 2013
"Open Fuel Standard" Proponents Want More Flexible FFVs
"What we see today is the complete absence of any kind of coherent plan for the future of energy, including the future of transportation fuels," said John Hofmeister, the former president of Shell Oil who retired from the company in 2008.
"We are just harming ourselves economically by staying on the course we're on," added Hofmeister, who currently heads the energy policy non-profit advocacy group Citizens for Affordable Energy. In addition, he sits on the advisory board for Fuel Freedom Foundation and serves on the United States Energy Security Council.
The former Shell executive contends that making alternative – or "substitute" – transportation fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), ethanol and methanol more widely available to motorists would unleash a new wave of entrepreneurship, technological innovation and job creation throughout the United States. Moreover, he said that such a scenario would provide consumers a buffer against the price volatility of crude oil.
Hofmeister, who articulates his views on energy policy in the 2010 book “Why We Hate the Oil Companies”, does not oppose the continued use of the conventional oil-based fuels gasoline and diesel; rather, he simply advocates giving consumers more fuel choices. Using a supermarket analogy, he pointed out that shoppers can select different products according to their tastes and budgets. He asserts that motorists, likewise, should have more options when fueling their vehicles.
"You can choose high-end, medium-end or low-end groceries," Hofmeister said. "What we lack in terms of transportation fuels is preference, and I think there's something wrong with that."
Read the rest of the article here.