Exxon: President's Energy Goals "Not Feasible"

Multiply this times peak oil and it's Kunstlerville.

The United States will rely on foreign imports of oil for the foreseeable future to feed its energy needs and should stop trying to become energy independent, a top Exxon Mobil Corp. executive said Tuesday.

"Realistically, it is simply not feasible in any time period relevant to our discussion today," Exxon Mobil Senior Vice President Stuart McGill said, referring to what he called the "misperception" that the United States can achieve energy independence.

Let's hope he's wrong, eh?