U.S. will produce 2 million to 3 million more barrels a day , says John Hofmeister . Lot of oil waiting to be drilled by unconventional means , he says . Look at our revenues and our income for the last quarter . Shell 's $ 7.8 billion profit not excessive , company president says . He says he ca n't predict how high price of oil will go .
U.S. will produce 2 million to 3 million more barrels a day , says John Hofmeister . Lot of oil waiting to be drilled by unconventional means , he says . Shell 's $ 7.8 billion profit not excessive , company president says . He says he ca n't predict how high price of oil will go .