Born Saturday 26 July 1919
Professions: Environmentalist, Scientist
The oil companies regard nuclear power as their rival, who will reduce their profits, so they put out a lot of disinformation about nuclear power.
I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.
The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.
We have a project with Unocal here in Los Angeles, where we as an environmental organization, the oil company, and the state all get together to promote the recycling of used motor oil.
So when you go up against the Far Right you go up against the big financial special interests like the Halliburtons of the world, the big oil companies, the big energy companies who work so hard to rip us off.
All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.
You have to work with the auto industry, the oil companies, you have to work to develop renewable fuel, whether it's solar or different kinds of fuel or whatever.