Shell's Odum seeks outlook-based approach in US energy strategy

08/15/2011
Nick Snow Washington Editor Projections of large future energy demand growth may actually be underestimates, making it all the more urgent for governments to adopt regulatory policies that are less prescriptive and more outcome-based, Shell Oil Co. Pres. Marvin E. Odum said. Many experts predict global energy demand could double by 2050, he said in a July 28 US Chamber of Commerce luncheon address. "The fact is, in a business-as-usual case, it could triple," Odum continued. "This could leave a gap between supply and demand equal to the size of the energy industry's entire global output in 2000." Shell planners consider this gap a "zone of uncertainty" that wi...
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