“Energy poverty comes at a high cost,” says Prof. Ahmed Rahnema, holder of the Fuel Freedom Foundation chair at IESE. Along with Yossie Hollander, the foundation’s chairman, he shares how the solution includes generating knowledge and getting local businesses involved.
“People should enjoy it and have a good time and drive safely, because these prices are probably about as low as we’re going to see for quite some time to come.”
Fuel Freedom Foundation co-founder and chairman Yossie Hollander took moderated a panel discussion on oil markets and geopolitics at the 16th annual gathering. Analyst Bob McNally predicted that “oil prices are likely to be much more volatile in the future than they have in the past.”
Former U.S. Senate Majority Leader, Tom Daschle, is leading an effort to ensure that high octane, low carbon fuels are part of EPA’s midterm evaluation of the progress of federal fuel economy standards.
The former president of Shell Oil sits down with the oil-and-gas magnate T. Boone Pickens to talk about the growing demand for oil around the globe. “I would say that as the world consumes more oil,” Hofmeister said, “we’ll never have enough oil for everybody, and that we’ve got to have natural gas as a transportation fuel.”
John Hofmeister went on CNBC on Thursday to talk about the current and future price of oil, and he gave viewers more to think about when he elevated the discussion to include the need for alternatives to meet the world’s growing appetite for transportation fuel.
Our dependence on oil has a sinister side that we tend to lose sight of: Some of that oil we consume — 18 million barrels a day in the United States alone — provides a revenue source for extremist groups to carry out deadly terrorist attacks.
“[Americans] love oil. We love gas. We’re a mobile society. And I’m not too worried about the so-called glut because we will eventually use it up,” he said.
“Everything changes when you adopt a different approach.” Yossie Hollander, founder of Fuel Freedom Foundation, called for new solutions to tackle energy poverty at IESE in Barcelona.
Fuel Freedom Foundation and IESE Business School today launched an international education program to reduce energy poverty in developing countries, starting in Kenya, Africa.
