Home pagePress CenterIn the Media A CSIS Energy and National Security Program event with Royal Dutch Shell CEO Jeroen van der Veer was quoted by the Houston Chronicle, "Profits Realistic, Oil Execs Insist."
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A CSIS Energy and National Security Program event with Royal Dutch Shell CEO Jeroen van der Veer was quoted by the Houston Chronicle, "Profits Realistic, Oil Execs Insist."
WASHINGTON — Oil company executives expressed sympathy for consumers hurt by high energy costs Tuesday but defended their companies' record profits.
Early Tuesday, at Washington's Center for Strategic and International Studies, Jeroen van der Veer, chief executive officer of Netherlands-based Royal Dutch Shell, warned against sinking too much cash on alternatives such as biofuels if they cannot be competitive in the marketplace.
"There is no point to spend billions of dollars on a technology that is too expensive for consumers," van der Veer said.
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