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Obama Is Greentech's New Genie in a Bottle
> You people just don't get it. Alternative energy is the future. If
> America doesn't fix its energy situation, there is no hope. It is
> the country's number one point of vunerability, yet it can be our
> salvation.
This is what everyone said in 1980. Alternative energy has not progressed any further than it was in 1980. History repeats itself. As then, now that oil has dropped, alternative energy will fail. No one cares beyond today. Whatever is cheapest today will prevail.
Exxon Apostasy: A Closer Look at the Oil Giant's Real Valuation
Exxon Apostasy: A Closer Look at the Oil Giant's Real Valuation
> what do you think will happen to the price of oil once someone develops
> a battery capable of easily powering a car? My guess is $5 / bbl,
> as the only place it will be used is jetfuel and chemical feedstock.
ExxonMobil has already done this. They have developed a separator that will allow more powerful, lighter and longer lasting batteries in cars. No one has made any real money on gasoline, except the government and bank cards.
Why AIG Gets Billions While GM Gets Scorn
I, myself, drive a Buick LeSabre. I get over 30 mpg. I am retired now. When I was working and computing to work, I got over 75 mpg. I carpooled.
What Will Move Oil: Obama's Package or Falling Chinese Demand?
On Dec 15 10:26 AM Ishortyou wrote:
> I think is time for the oil companies stop banking on oil dependent
> energy sources and start shifting their portafolio to more greener
> sources, put the money on it.
The oil companies invested heavily in the 1980's into what we now call alternative energies . They found them unprofitable and that they would never make more than a few percent difference. The same is true today. They have shifted to "greener" natural gas. Oil is more valuable as non-energy products. Gasoline was a waste product until they talked Ford into using it to fuel his new automobiles. It has never has had much of a profit margin. ExxonMobil developed a material for use in batteries that may make electric cars safe and reliable with more than a 20-50 mile range.
Hopefully, they will continue invest in viable energy sources.
Why AIG Gets Billions While GM Gets Scorn
On Dec 13 01:02 AM edtheincomeinvestor wrote:
> The Big Three doesn't make cars that we want (high MPG, quality,
> etc) Guess who killed the electric car? GM! I would have gladly brought
> the EV1, instead got a Prius.
We want big vehicles with bright headlights. Go past a Toyota dealership and all you see are SUV's and pickups. My first car a 1960 American-made car got over 30 mpg and lasted 300,00 miles. I get a new American-made car every ten years or so.
Real Price of Gas Falls to Five-Year Lows
On Dec 06 11:54 PM Perception wrote:
> wut? look at the RBOB vs. crude price history. they were in lockstep,
> as they should be. refiners were by no means subsidizing gas prices.
You are right, they weren't subsidizing gasoline, they were just selling it for less than it cost to make it, as reported by Valero and other refiners.
Oil doubled in price (actually the dollar went down) and gasoline went up 37%.
Exxon's Latest Ad Campaign: So Last Summer
Exxon conceptualized the idea for this ad in the early 80's. They kept it on the burner until it was good for Exxon, the environment and the US. They began in earnest in 1995 and have put over a billion dollars into Colorado's economy since. The state of Colorado will benefit for many years to come.
PS, Exxon did research into global warming and CO2 sequestration in the early 80's, but after oil dropped to $10, global warming was another of Exxon's lies. Remember we were then worried about the next ice age.
After 30 years, the government will not allow ExxonMobil to pursue CO@ sequestration. All of this data is on the internet, if you just look for it.
Your last Summer comment is the crisis we are in in a nutshell. Everyone wants to make a lot of money without working or even risking their own money.
Real Price of Gas Falls to Five-Year Lows
Gasoline should have been over $6 a gallon
Will Obama's Economic Policies Drag the U.S. Down?
Washington Post on the Quiet Windfall for U.S. Banks - For Shame!
The Bailout: How’s It Doing?
Reality Hits Oil Market, Dollar Could Benefit
Energy Investments Under Obama: Eye on Barclays Carbon ETN
Gasoline today is $1.899 here. What does this mean?
1700 more people will die in their vehicles the next year than the last 12 months. People will return to their wasteful driving habits, if they actually quit. Green house gases will increase. Congress will forget about alternative energy sources, as they did in the 1980's. Oil stocks will go down because most people think they make money selling gasoline.
Obama's Green Obsession: More Harm Than Good?
They were going to become energy companies. When crude oil prices dropped in the 80's, just like now, the government forgot about their promises to back alternative energies.
If the "oil companies' were greedy, they would shut down their refineries and move out of the US. Refineries have lost money all year.
The government gets over half of the cost of a gallon of gasoline.
Over the last five years, ExxonMobil paid $16 billion more in taxes in the US than they made. They are are only one of over 500 "oil companies."
What is the government doing with this windfall tax?