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bob r

wrote:
On May 15, 2:53 pm, Wayne.B wrote:
On Tue, 15 May 2007 08:32:59 -0400, HK wrote:
I don't believe the accounting reports of oil producing/refining
companies. There are too many ways for them to cook the books. I also
don't give a tinker's dam about oil company stock prices.
One of the issues with the "oil company conspiracy theories" is that
it diverts attention away from where it belongs and encourages the
notion that there is a quick cure. What is realy needed is a
meaningful energy policy that stimulates development of petro
alternatives while also helping to stem increased demand.

Government subsidies for sailboats!

I am not as versed as you folks are but I have read reports that
suggest 'big oil" (forget which company) just got in with Dow Chem and
are putting 500 million into alternative energy research. I also
understand that some 20% of the viable hydrogen cell companies stock
are owned by big oil. Why wouldn't it be and why would we not trust
these guys are very interested in the next generation of oil, Not to
menition they already have huge infrastructures in place to get input
and resources from. I think for better or worse, they will lead the
way into alternatives, they do wish to stay in control of their energy
market. As far as the study, pretty intense reading, but I get the
point. Great article, I am going to show it to couple folks.

Think Standard Oil. Think J P Morgan. Think US Steel. Think early Ford
I doubt the modern text books have anything condemning their conduct.
Global Big Business has no better mores.

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