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George Shultz & David O'Reilly Talk Energy Policy

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International Association for Energy Economics

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Bio

David O'Reilly

David J. O'Reilly, age 62, has been chairman of the board and chief executive officer of Chevron since January 2000. Prior Positions Held: O'Reilly was vice chairman of the board of Chevron from 1998 until 1999. He was a vice president of Chevron from 1991 until 1998. He was president of Chevron Products Company from 1994 until 1998. He was a senior vice president and chief operating officer of Chevron Chemical Company from 1989 until 1991. Other Directorships and Memberships: American Petroleum Institute; Peterson Institute for International Economics; the Business Council; the Business Roundtable; JPMorgan International Council; World Economic Forum's International Business Council; the National Petroleum Council; the American Society of Corporate Executives; the King Fahd University of Petroleum and Minerals International Advisory Board.

George P. Shultz

George P. Shultz is the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution.

He was sworn in on July 16, 1982, as the sixtieth U.S. Secretary of State and served until January 20, 1989. In January 1989, he rejoined Stanford University as the Jack Steele Parker Professor of International Economics at the Graduate School of Business and a distinguished fellow at the Hoover Institution.

He is a member of the board of directors of Fremont Group and Accretive Health. He is chairman of the J. P. Morgan Chase International Council and chairman of the Accenture Energy Advisory Board. He is also chairman of the California Governor's Council of Economic Advisors and co-chairman of the Committee on the Present Danger.

He was awarded the Medal of Freedom, the nation's highest civilian honor, on January 19, 1989. He also received the Seoul Peace Prize (1992), the Eisenhower Medal for Leadership and Service (2001), and the Reagan Distinguished American Award (2002). He is the recipient of the Elliot Richardson Prize for Excellence and Integrity in Public Service, The James H. Doolittle Award, and the John Witherspoon Medal for Distinguished Statesmanship.

The George Shultz National Foreign Service Training Center in Arlington, Virginia, was dedicated on May 29, 2002.

James L. Sweeney

James (Jim) Sweeney, is Director of the Precourt Institute for Energy Efficiency; Professor of Management Science and Engineering; Senior Fellow of the Stanford Institute for Economic Policy Research; Senior Fellow of the Hoover Institution on War, Revolution and Peace; and Senior Fellow of the Stanford Institute for International Studies.

His professional activities focus on economic policy and analysis, particularly in energy, natural resources, and the environment.

At Stanford he has served as chairman of the Department of Engineering-Economic Systems, chairman of the Department of Engineering-Economic Systems and Operations Research, Director of the Energy Modeling Forum, Chairman of the Institute for Energy Studies, and Director of the Center for Economic Policy Research (now the Stanford Institute for Economic Policy Research). In the early 1970's he was Director of the Office of Energy Systems Modeling and Forecasting of the U.S. Federal Energy Administration. He was a founding member of the International Association for Energy Economics, co-editor of the Journal Resource and Energy Economics, and vice-president for publications of the International Association for Energy Economics. He is a Senior Fellow of the U.S. Association for Energy Economics and a Fellow of the California Council on Science and Technology. He is on the National Advisory Council of the National Renewable Energy Laboratory and a member of Governor Schwarzenegger's Council of Economic Advisors.

He holds a B.S. degree from MIT in Electrical Engineering and a Ph.D. from Stanford University in Engineering-Economic Systems.

Is Cap and Trade Really Just a Carbon Tax?

04 min 28 sec

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Chevron CEO David O'Reilly and former Secretary of State George Shultz discuss whether a carbon tax or cap and trade system is a better method to regulate carbon emissions.

Shultz has little faith in cap and trade, which he considers a form of taxation. "My concern is that it's going to be so obliviously corrupt that it's going to discredit the whole idea," he says.
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01 hr 00 min 42 sec

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There are 3 comments on this program

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Previous FORAtv comments:

martingugino

Posted: 08.21.09, 07:34 AM

Nuclear tragedy

When Ronald Regan met with Mikhail Gorbachev at Reykjavík to discuss the "zero option", the elimination of all nuclear weapons, Mr Regan balked because he was committed to SDI, star wars, which was a deal breaker for Gorbachev. Unsure, he passed a note to George Schultz: "Am I wrong?" George replied - No mister president, you are right. (from James Carroll's book House of War (2007))

martingugino

Posted: 08.21.09, 12:24 AM

Water Power or Solar Collector. Not sure which.

In section #04, George Schultz talks about a professor at MIT who wants to power the USA using the MIT swimming pool. This cannot be feasible, right? George talks about the man's invention of a catalyst - so I am not sure if he thinks that the invention is a solar collector, or a kind of chemical electrolysis. In either case, you would not need the "fuel cell". When the hydrogen is created, so would oxygen be created. You could burn them both in an internal combustion engine, and put the water back into the fuel tank. I can't believe that George Schultz is pushing this "invention". The head of Chevron, O'Reilly, is not much better, except that he recognizes the need to teach physics in school.

ethorson

Posted: 08.08.09, 11:18 PM

I just don't understand why we don't talk about the best way to solve the greenhouse gas problem. We don't seem to learn from Nature itself. Instead we invent money games like cap and trade that are just another opportunity for market traders to generate pseudo-cash. If we want to make a real dent in global warming, we should just plant forests all over the world. That is what a forest does, after all. It absorbs CO2 and gives off O2. Instead we keep cutting them down. Are we that stupid?