Originally posted by Devil King
Oh, I have no doubt they intend to aquire and resell every drop of oil on Earth before they start any real focus on their investments in alternatives. But they've laid the groundwork for their own futures. It's a long term win/win.But, do feel free to research away. And while you're at it, post a few links about the oil companies shit-canning the public transit system.
I don't disagree at all, and in fact, I'm very unconcerned with oil from a production/sales side of things, as, like you said, the corporations will always have something to sell.
I'm particularly worried about big oil becoming big "alternative energy". Lots of the problems with the oil industry stem from the fact that we, as a society and as individuals, require electricity. The same laws that allow oil companies to, and this might be hyperbole, but not by much, essentially run the government will be in place to allow whichever major companies control other energy sources to have the same controls. While oil has specific problems that may have a win/win solution with investment into alternatives, there are some other structural things that I really dislike.
anyways, the Moyers thing was wrong. Not the factoid, just where I got it from. Its probably democracy now, which is way more leftist, and is daily so im not going to try and find it in the transcripts.
Other research:
Congress lays into Oil execs over profits, investments
from Article
Other lawmakers were far less sympathetic to the executives.Markey hammered Exxon's Simon over the company's investment in renewable energy. "Why is Exxon Mobil resisting the renewable energy revolution?" asked Markey.
Simon said Exxon has given $100 million to Stanford to study renewables. "$100 million?" said Markey. "But you made $40 billion last year."
When pressed, Simon said Exxon believes the current generation of renewable energy options will not be able to significantly meet demand.
Referring to reports showing that low income people are paying 10 percent or more of their income on gas Markey said, "So your message to them is you can't do anything for them," he said.
http://money.cnn.com/2008/04/01/news/companies/oil_hearing/index.htm?cnn=yes
How Much Are Oil and Gas Companies Investing in Clean Alternative Fuels?
from Article
President Bush’s budget choices have deprived the Treasury of the funds we need to invest in a better, more sustainable energy policy, and his friends in the oil and energy industry have failed to fill the void by investing in alternatives to oil.As both energy prices and industry profits have risen, the oil and gas industry has touted its investment in new sources of energy. Given its record-breaking profits, the industry certainly has capital to invest in renewable fuels and energy sources that can reduce our dependence on oil. Unfortunately, the industry is investing negligible amounts in renewable energy sources and is undermining service stations’ efforts to provide renewable fuels for consumers.
...
Rhetoric: Industry says it is investing heavily in renewable and alternative technology. The American Petroleum Institute (API) has claimed that, “In North America over the last five years, the oil and gas industry has invested almost $100 billion on renewable, alternative and advanced emerging energy technologies.” (API letter to Members of Congress, 3/30/07)
Reality: Industry is hardly investing in renewable, non-petroleum energy. When the industry breaks down investment in what it terms “renewable, alternative and advanced emerging energy technologies,” very little of the $98 billion spent on these technologies was invested in renewable or alternative energy sources. Only $1.2 billion of the $98 billion advertised by the industry as investment in renewables and alternatives was actually spent on renewable sources of energy between 2000 and 2005. This funding was not spent on renewable fuels but on production of electricity from wind, solar, geothermal, and landfill gas. (American Petroleum Institute, “Facts on Fuel”)
The oil and gas industry has invested heavily ($86 billion over five years) in refining heavier sources of petroleum, including tar and oil sands and oil shale, and on turning waste and residue hydrocarbons into usable products. The industry has also modestly invested ($11 billion) in combined heat and power and vehicle fuel efficiency technologies. The amount invested in the next generation of energy is a tiny fraction of investment and an even smaller fraction of industry profits that could be invested in clean technologies.
When asked to provide their companies’ investment in non-petroleum energy supply and production during a November 2005 hearing, the CEOs of the five largest oil companies reported little investment. Exxon reported investing a “negligible amount” in non-petroleum energy, and ChevronTexaco included coal and natural gas investments in its tally. (ExxonMobil and ChevronTexaco responses to Questions from the Record of Joint Committee Hearing regarding Energy Pricing and Profits, Senate Energy and Natural Resources and Commerce, Science, and Transportation Committees, 11/9/05)
http://democrats.senate.gov/dpc/dpc-new.cfm?doc_name=fs-110-1-64
**there are some good figures on this page, though it is, from its appearance, from the Democratic party (I did 0 looking into that fact), so maybe be careful...
Great American Streetcar Scandal
I didn't know anything about the public transit v. oil companies thing. Unfortunatly the best I could find is a wiki about something from mid-century. Highly relevant, but not necessarily as current as it could be.
from Article
The Great American Streetcar Scandal[1] was the sequence of events in which General Motors, Firestone Tire, Standard Oil of California and Phillips Petroleum formed the National City Lines (NCL) holding company, which acquired most streetcar systems throughout the United States, dismantled them, and replaced them with buses in the mid 20th century. It is alleged by historians that NCL's companies had an ulterior motive to forcibly gain mass use of the automobile among the U.S. population by buying up easy-to-use mass light rail transportation countrywide and dismantling it, leaving populations with little choice but to ride their buses.Convicted of violating the Sherman Antitrust Act, GM was fined $5,000 and each executive was ordered to pay a fine of $1 for a conspiracy to force the streetcar systems to buy GM buses instead of other buses (but not for dismantling the streetcar systems, which were also being dismantled by non-NCL owned systems).
http://en.wikipedia.org/wiki/General_Motors_streetcar_conspiracy
and one about "Big Alternative Energy"
Big Oil Steps Into Brazilian Ethanol
*somewhat selectively quoted from an obviously biased site*
from Article
[BP] announced that it will purchase a 50% stake in Tropical BioEnergia SA, a joint venture established by Brazil's second-largest sugar cane and ethanol producer, Santelisa Vale and Maeda Group, one of the world's largest cotton producers. The joint venture (JV) is building a 435 million liter per year (US 115 million gallon/year) ethanol refinery in Edeia, a town in Brazil's Goias State, and planning a second.BP plans to make an initial investment of some $100 million reais (US $59.8 million) in return for its 50% equity stake, assuming all required approvals are obtained, and provide additional funding that will bring the total to approximately R $1.66 billion (US $1 billion).
...
Further supporting the latter aim, BP last year invested US $500 million to launch the Advanced Energy Institute, a biofuels research program that is being carried out at the University of California, Berkeley, the University of Illinois, Urbana-Champaign and Lawrence Berkeley National Laboratory, and where research is under way aimed at producing ethanol from plant waste and woody biomass — lignocellulosics — and biobutanol, as well as other advanced biofuels.
"By using the bagasse as an energy source, the lifecycle of the process looks considerably better than corn ethanol produced today where natural gas is used to power the plant. This makes a huge difference. Better yet would be for them to use the entire sugar cane plant - the cellulosic portion - to produce additional liquid fuels," Prof. Blaschek told RenewableEnergyWorld.com.
...
BP disputes these claims. According to company statistics, BP's biofuels sales accounted for some 10% of the global market in 2007, a year in which it blended and distributed 763 million US gallons of ethanol and about 1 million US gallons of biodiesel. In Europe, the multinational energy major sold 344 million liters of ethanol and 847 million liters of biodiesel in 2007.
...
BP isn't the first prominent multinational to invest in Santelisa Vale's ethanol business, which ranks in size only behind Cosan, Brazil's largest ethanol producer. New York-based investment bank Goldman Sachs' commodities trading arm last summer announced that it would invest US $210 million (B $400 million) in the company.
http://www.renewableenergyworld.com/rea/news/story?id=52475&src=rss
sure, someone has to do it, but is it really in the best interests of the consumer or nation to switch from one cabal of elitists who control government to another? Or worse, to let those who already control the nation gain yet another mechanism which can be used to get their way?