Quote:
Originally Posted by test54
The numbers don't lie, the profits for the oil companies are out of control. I'm sorry but when one company make that kind of profit when the countries economy struggles then Free Market needs to be tamed.
"Exxon Mobil Corp. posted the largest annual profit by a U.S. company _ $40.6 billion _ on Friday as the world's biggest publicly traded oil company benefited from historic crude prices at the end of the year." Feb. 1st, 2008, Chevron - 2007 profit: $18.69 billion, ConocoPhillips - 2007 profit: $11.89 billion
And there is not that much oil in the US, in ANWAR their is enough supply for 4 months if we substituted it for imported oil. So its no solution.
The solution is to switch to hydrogen,
Norwegian hydrogen projects - Bellona
Norway HyNor Hydrogen Highway Project
GM developing home-based hydrogen filling station - Engadget |
let me ask you this, why blame the oil company's for our own greed, use and misuse? heck blame dmv for giving anybody with an iq of 2 a drivers license, blame the automakers for making cars a dime a dozen, blame banks for allowing them to be fiance, then if all of that is settled, we would not consume so much oil as these things would not be so easily to get to consume such oil.