<A proposal for the windfall profits The Oil Drum The leaves and data are changing . . . .>

25 comments on Political sensitivities

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step back on October 29, 2005 - 1:19pm Permalink | Subthread | Comments top
Funny that in discussing all the nice money that the oil companies are making, it was hard to find mention of any major investment in new technology - supposedly our savior for the future.

It's worse than that.
There is "mention" of cut backs in science R&D (America is Pulling the Plug on Science):

At the Department of Energy, the Office of Science faces a second year of cuts, affecting programs ranging from energy research to high-energy physics.

from: http://www.csmonitor.com/2005/0414/p14s01-stss.html

 

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reno on October 31, 2005 - 7:47am Permalink | Subthread | Parent | Comments top
Well I hope this answers alot of questions out there on the priorities of oil companies..

Alternate energy not in cards at ExxonMobil

ExxonMobil, which stunned Americans on Thursday by reporting nearly $10 billion in profit for the third quarter, says it has no plans to invest any of those earnings in developing alternative or renewable energy -- something other oil companies do.

http://www.usatoday.com/money/industries/energy/2005-10-27-oil-invest-usat_x.htm

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step back on November 1, 2005 - 1:14pm Permalink | Subthread | Parent | Comments top
on the priorities of oil companies

Reno,
The trick-or-treat word of the day is "company" and not "oil".

Essentially all for-profit "companies" are devout followers of the Adam Smith religion.

In order to have an "after life" in the next quarter , they must demonstrate good works by way of booking the right "numbers".

As the Bubba master correctly notes eleswhere in these drum rolls, them who hold on to the last squeezable vestages of the black gold will be deemed "wealthy" while those without will fail to make their numbers (in the next quarter).

The board of directors at the Axe-On corporation believe in "staying the course" ---even if it takes our herd over the edge of the ledge.

There is nothing holier than Entry of Good Numbers in the General Ledger (a joke for edge-walking priests of the accounting sect, ha ha)

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25 comments on Political sensitivities

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