Oil exec says more U.S. production would lower gas prices
U.S. -- The president of one of the top oil companies in the U.S is speaking out about the high prices drivers are paying at the pump. Shell Oil Company President John Hofmeister told CNN Wednesday that the U.S. should produce two to three million more barrels of oil a day, in order to cut gas prices.
Hofmeister shared a similar message with News 10 Now last year, when he spoke at Cornell University about the future of the country's energy supply.
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"The issue with getting more crude is with getting more imports out of difficult parts of the world or releasing access in this country to get more crude out of places in this country where it's off limits," said Hofmeister.
Hofmeister also told CNN that his company's $7.8 billion profit is not excessive.