A Peak Oil Parable
Today I was digging for some info on ‘letter of business’ and came across the following section:
Just a few years ago, Exxon’s CEO Rex Tillerson said he wasn’t interested in getting into the alternative energy business. Oil and gas was enough for them. … (This was before Sen. Jay Rockefeller sent them a letter in 2006, demanding that they stop funding denialist “research” designed to confuse the public about global w arming….Last Thursday, in my second appearance on Fox Business, Neil Cavuto asked me whether or not I thought it was a good idea to tax the “windfall” profits of Big Oil, a … nd let Congress spend them on alternative energy….With this perspective, Big Oil’s profits look less like a “windfall” than they do prudent management of a business in decline. … Government can offer incentives, but we should let the shareholders of Big Oil guide their companies to investing appropriately in the energy of the future….The Rockefellers’ case was made clearly by Neva Rockefeller Goodwin, a PhD economist and great-granddaughter of the family patriarch, in a Fox Business interview o … Let’s look at Exxon’s numbers, on an annual basis (some annualized from Q1 2008)….
I decided to blog this result under ‘Radio Spots and Commercials’. Let me know what you think of this…