http://www.reuters.com/article/environmentNews/idUSL2181214020080221

With the projected energy demands in 2050 roughly double of today's consumption, Royal Dutch Shell CEO Jeroen van der Veer outlined his company's plan for the future. Petroleum consumption remained at the top of the list.

"Renewables are still too expensive. They will come, I'm not self-serving, I'm not defensive but it will take a very long time" either to achieve the technological breakthroughs required or to build many more nuclear power stations, van der Veer said.

After a year in which oil companies earned record profits and their indication that the future holds slow progress, it presents an opportunity for Americans to lead the international community in developing technologies in the area of  renewable energy research and development.

Reuters; February 21, 2008

Submitted by B. Shapiro