CERA: ChevronTexaco CEO calls for US energy policy

02/21/2005
David J. O'Reilly, chairman and CEO of ChevronTexaco Corp., called for a new US energy policy in his keynote address at the opening of a weeklong conference of energy executives last week in Houston, sponsored by the Cambridge Energy Research Associates.O'Reilly listed four reasons why a national energy policy is needed:"The US is becoming more energy interdependent in terms of our dependence on diverse sources of oil and gas, our position as the world's largest consuming nation, and as a significant and often leading investor in international energy ventures," he said.Currently high energy demand is not expected to decrease "any time soon."Reliable energy supplies are "critic...
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