Former Shell Chief John Hofmeister talks about Saudi Arabia’s Impact on World Oil Prices and the Weakening of OPEC in Part II of this interview for TOP MINDS IN THE BUSINESS

John D. Hofmeister is a seasoned business leader with strong views about U.S. energy policy and a deep understanding of the global energy supply-demand equation. John’s knowledge comes from a career in which he worked for large companies on all sides of the energy equation—from large energy consumers to large energy producers. John has served on the board of directors of the American Petroleum Institute. He is a Fellow of the National Academy of Human Resources and is Chairman of the Advisory Committee of the Centre for Advanced Human Resources Studies at Cornell University. He is a member of the U.S. Department of Energy’s Hydrogen and Fuel Cell Technical Advisory Committee.

John began his career at GE where he served in marketing, manufacturing and human resources management positions in GE’s locomotives, telecommunications, electric motors and factory automation divisions. During his broad-ranging career John ran the human resources function for several large international companies including Allied Signal (now Honeywell international), Northern Telecom and Royal Dutch Shell. From there, John was recruited to run Shell Oil Company, one of the world’s largest integrated oil companies, which he ran until he retired in 2008. While president of Shell, John also held the title of U.S. Country Chairman. John holds a BA and MA degrees in Political Science from Kansas State University.

Oil & Gas 360® had the privilege of speaking to John Hofmeister for our ongoing series TOP MINDS IN THE BUSINESS.

Questions that we ask Mr. Hofmeister in Part II of this exclusive interview include the following:

  • Bloomberg ran a front page story whose headline says: “Saudi Arabia Wooing Fired U.S. Shale Workers to ‘Join Our Team’.” The story talks about Saudi Aramco’s strong U.S. recruiting effort to recruit laid off oil and gas people to come to Saudi Arabia to work on developing the unconventional resources there. “Workers fired from U.S. shale fields after the collapse in oil prices could soon have a new boss: the nation some blame for driving that decline.” What is your thought about this?
  • Is the rest of OPEC non consequential; is OPEC a thing of the past?

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