I just read that American politicians from both major parties were denouncing the so-called obscene profiteering of oil companies and their lack of spending on alternative sources of fuel.
Now, don't get me wrong, I'd like to see the day wherein my bottle of Absolute mineral water will be enough to fire my engine to school and back. However, isn't it a bit unfair to ask the oil companies to fund their own demise? I mean, where are the venture capitalists here?
Would you force a beer company to fund a temperance campaign? Or fund Prohibition?
Would you force manual laborers to fork over cash to fund the mechanizing of their work?
Why would you force an industry to fund its own obsolesence? Why must it comply?
The funny part of all this is that the biggest spenders on alternative fuel research are the oil companies themselves.
Damned if you do, damned if you don't, I guess.
Nicely said. Honestly, I think oil companies are spending more to stop the development of alternative sources of energy by bribing researchers and scientists. There has been a specific case of an inventor being murdered for his "water engine".
ReplyDeleteThe Saudi's are raising oil prices so that the oil will last for another 150 years and the same goes for oil companies. It's a fight for survival.
Yup. Because they are also the ones who can foresee that the wave of the future is on alternative energy resources.
ReplyDeleteThey're just making sure that we will still be dependent on them when that time comes.
it's good business to do so, that's why. they'll die off anyway if they depend on oil for the rest of eternity. that, and if they don't, some schmuck's going to do the funding anyway, so they might as well get in on the deal.
ReplyDeletethe companies aren't in the oil business, they're supposed to be in the energy business. well, supposedly anyways. if you see it that way, they'll be funding their extended livelihood.