FedEx CEO Speaks on Oil

GE Energy

October 17, 2013

By Dr. Tyra OldhamLANDsds Sustainable Voice News

When top CEO’s speak they shift the conversation.  Energy is the number one point of concern. The key is what energy  we wish to rely.  The opportunity to talk energy mix is vital. The response on “US energy could be a $500 billion boon: FedEx CEO” states is a bit of a boondoggle with out a plan for accessible and affordable energy.

CNBC discuss the “Developing a comprehensive plan to achieve U.S. energy independence is the “single biggest” way to boost the economy, FedEx Chairman and CEO Fred Smith told CNBC on Wednesday. Oil is at the center of everything we do,” Smith said in a “Squawk Box” interview. “If we produce more in the U.S. and use less and develop alternatives … you allow the United States within our economy a half a trillion dollars more in GDP.”

Energy is the center of everything we do and without redundant energy solutions a nation is left in the dark. The opportunity to choose opportunity and grid evolution versus sector selection could lead a nation into a ten year bubble of success but a long-term let down. The play for oil today is like the kid in the candy store or having their first toy after unwrapping. The toy after time becomes obsolete and and out of step with age of the child. Energy is the same what we plan today can be out of step ten years for now.

“Smith opened the OPEC Oil Embargo 40 summit, sponsored by Securing America’s Future Energy, in Washington on Wednesday. He’s the co-chair of the advocacy group’s Energy Security Leadership Council of retired generals, admirals and CEOs of oil-using companies.”

Less reliance on foreign oil “allows us the flexibility to conduct our international affairs and our foreign policy without regard to be hostage to these national oil companies,” Smith said.

Heavy reliance on anything creates a crutch that in economics produces a bubble that has to burst. The picture of an energy mix is complex with adjoining of energy solutions producing a robust redundancies that survive in weather changes and are secure.

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