Oil industry blooper of the day
John Hofmeister, former president of Shell's U.S. operations, decried the potential of more government regulation in the wake of BP's Deepwater Horizon catastrophe in the Gulf. Wrote Shawn McCarthy in the Globe:
Industry supporters fear the Democratic administration will impose “regulatory overkill” as Mr. Obama and his supporters in the Congress face a backlash from their supporters.
“Politics and energy don’t mix – it’s like water and oil,” said John Hofmeister
, former president of Shell’s U.S. operations and founder of public interest group, Citizens for Affordable Energy.
“We’re now seeing the politicization of this disaster in ways that can only be harmful for the industry and, ultimately, the American consumers.”
Hmmmm, oil and water. Maybe not the best image to use in arguing against regulatory oversight.