ABC: Exxon spends 1 percent of profits on alternative energy.
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  ABC: Exxon spends 1 percent of profits on alternative energy.
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Author Topic: ABC: Exxon spends 1 percent of profits on alternative energy.  (Read 1260 times)
War on Want
Evilmexicandictator
Junior Chimp
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« Reply #25 on: August 03, 2008, 12:44:18 PM »
« edited: August 03, 2008, 12:47:33 PM by Evilmexicandictator »

Facts, Data etc. Besides you do know that nuclear power still does not fix the problem of our transportation industry and the fact that there is increasing global demand. Also there are very few new places to drill, really only ANWR, a few offshore drilling sites and a few areas in ND and MT.

You have roughly 60 years of easily accessible domestic oil supply (both onshore and off the coast) at the current usage rate.  You have another 80 years of natural gas.  This does not include the shale oil which can be harvested like coal for consumption (it does not have to be liquified and extracted as Shell was attempting).  There's your data.

As far as nuclear power and transportation, if you are ever going to get off of gas to power vehicles, you are left with either electrical cars (which currently run off of electricity provided through burining oil and natural gas) or hydrogen.  While Hydrogen will be the gas/oil of the future, current electrical cars can run off of power provided by nuclear power.  AND, converting a car to be electric is cheaper and easier than converting one to run on hydrogen, so if someone cannot afford to go out and buy a new electric car outright, they can convert their current vehicle.  This would reduce roughly 10% of our oil consumption in 10 years (since it will take time to get more nuke plants up and running), and probably 30% in 20 years when people start buying new vehicles (typicaly life cycle of a car is 10 years).

Anything else you need to know?
haha Did you get this data from the oil comapnies? That's not the data I have and besides if you haven't noticed most remaining oil under the oilfields left is decreasing at extremely rapid rates. The North Sea will probably run dry in 2-3 years, and as usual oil companies/OPEC will continually lie about how much oil reserves are left because it is in their interest that investment is up.
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Jacobtm
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« Reply #26 on: August 04, 2008, 01:44:04 AM »

If Exxon isn't investing their money wisely, they will die off as new sources of energy replace petroleum. If they wanna just milk oil for all its worth without any regard for the future, that's their business; do you really want Exxon controlling the alternative energy market anyway?
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