07-27-2006, 06:06 PM
I can't find the thread in which we were all talking about this, but I made this point and some people said that it was too "conspiracy theorist." Well, straight from the horse's mouth, the number 1 U.S. oil company making $1318 a second Exxon Mobil speaks out about it's stance on alternative energy:
Henry Hubble, Vice President for Investor Relations:
"There are very few that are economical without subsidies. We don't think it makes sense to invest in it at this point."
Sure, companies like BP are putting some cash forth, but I can bet you the ones that are aren't pushing it TOO hard, because they're running into the same thing that Exxon, the most profitable US oil company, is running into. Why would they waste money on alternative energy when they are seeing silly stupid profits from rising gas prices, investors, and conflicts in the Middle East?
<!-- m --><a class="postlink" href="http://money.cnn.com/2006/07/27/news/companies/exxon/index.htm?cnn=yes">http://money.cnn.com/2006/07/27/news/co ... tm?cnn=yes</a><!-- m -->
Henry Hubble, Vice President for Investor Relations:
"There are very few that are economical without subsidies. We don't think it makes sense to invest in it at this point."
Sure, companies like BP are putting some cash forth, but I can bet you the ones that are aren't pushing it TOO hard, because they're running into the same thing that Exxon, the most profitable US oil company, is running into. Why would they waste money on alternative energy when they are seeing silly stupid profits from rising gas prices, investors, and conflicts in the Middle East?
<!-- m --><a class="postlink" href="http://money.cnn.com/2006/07/27/news/companies/exxon/index.htm?cnn=yes">http://money.cnn.com/2006/07/27/news/co ... tm?cnn=yes</a><!-- m -->
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks