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| Big Oil Companies' Investment in Exploration Yields Small Returns |
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| Written by Miranda Marquit | |
| Friday, 21 December 2007 | |
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Is it time for Big Oil to come up with another product? It's no secret that even though some Big Oil companies do invest in alternative fuel (CVX in algae and BP in jatropha), they really aren't that interested in investing in alternative energy (Exxon -- XOM -- is notorious for this). Indeed, according to Reuters, more than $200 billion of the profits made by Big Oil companies go into exploration. But, as Reuters reports, all the spending Big Oil is doing hasn't yielded significant new findings: "Profits have increased sharply in the past five years, greatly increasing the amount of cash that companies have available for investments," the EIA said in a new report. "However, to date, the big increase in spending has not resulted in significant increases in reserves."Does this mean that oil reserves really are dwindling? What will happen to profits (and share prices) in the future if Big Oil can't find a way for its investments to yield better results? Maybe it really is time for Big Oil to start diversifying further into renewable energy. After all, as Big Oil is discovering, fossil fuels eventually disappear, offering diminishing returns on investment. The great thing about renewable energy is that it is, well, renewable. Disclosure: I do not own any Big Oil stock right now, although I did invest in BP for a while. Site disclaimer. Alternative Energy 
BP 
Big Oil 
CVX 
Miranda Marquit 
XOM 
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written by stephen potter , March 22, 2008 Tag it:           | |
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we are trying to get a discovery of renewable petroleum to the masses.
today, we cannot exist without the benefit of petroleum products. fossil fuel.
our approach is to reproduce the earth's reaction to living matter.
national self suffeciency, no shortage of strategic reserve, prices easy to control, (much less than petro)
fear drives this industry, and we can, stop it.
modifications to existing infrastructure not required, costs are a fraction of current exploration efforts.
creation of a steady feedstock supply could be as little as three years. our nations history proved this.
we have exhausted $300,000.00 proving this product. it has been tested independently and practically.
we need only to facilitate this new source into existing mainstream facilities.
seamless transition from petro to renewable. no new CO2, sulfer or NOx
http://www.4shared.com/dir/5100629/ca1e7015/sharing.html this storage site contains a power point showing a bit of what we've done. link, click globe, wait for download prompt.
nuclear/theoretical physics applied. M.I.T. pattern recog. verified. please, we have everything to gain.
it will cost you nothing to find out what we claim is true. steve potter 817-657-8917