FedEx CEO: 'Oil Has Become a Geopolitical Weapon'
April 28, 2013
Breitbart.com
Fred Smith, CEO of FedEx, a company that consumes "over 1.5 billion gallons" of gasoline per year, told a gathering at the libertarian oriented Cato Institute that "oil has become a geopolitical weapon of choice, both for U.S. interests and against U.S. interests."
Smith told the audience that the United States needed to adopt a three fold strategy:
- increase domestic energy production,
- become more energy-efficient,
- develop additional types of energy beyond oil.
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