CERAWeek: Shell's Cook on the 'three hard truths'

Linda Cook, executive director for gas and power at Royal Dutch Shell, said there are three hard truths about world energy these days: global demand is accelerating, the supply of easy oil won’t keep up, and the increased energy production means more CO2 emissions in an era of new greenhouse gas concerns.
So the options the world must pursue: Greater efforts at conservation and efficiency: “A barrel of oil saved is better than a new one discovered,” Cook said.
Technology to improve oil recovery, better renewable power sources and the ability to sequester CO2 emissions are also key.
Given her job title it’s not surprise Cook says natural gas the best positioned to meet the growing energy given its supply and environmental profile.
“Coal-fired and nuclear plant capacity will only expand slowly,” she said.

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