The Oil Drum

46 comments on What are Chevron and Shell trying to tell us

Comments can no longer be added to this story.

MikeCotton on November 7, 2005 - 2:58pm

I'm pretty sure Lee Raymond knows exactly what's happening. He knows Exxon is good at oil, and pretty much not good at anything else. So he's going to let other people spend the R&D dollars and make the mistakes, and when he sees a renewable solution that meets his ROI requirements, he'll be sitting on the world's largest stack of cash.

He's just keeping his powder dry.

Comments can no longer be added to this story.

TJ on November 7, 2005 - 4:28pm

He's going to wait a long time. I thought there is no renewable that has the ROI of just sticking a pipe into the ground. After peak oil you actually going to have to spend money to make money.

Comments can no longer be added to this story.

The contents below are paid advertisements. Their appearance does not imply an endorsement by The Oil Drum.

“The aim of every political constitution is, or ought to be, first to obtain for rulers men who possess most wisdom to discern, and most virtue to pursue, the common good of the society; and in the next place, to take the most effectual precautions for keeping them virtuous whilst they continue to hold their public trust.”

—James Madison, FEDERALIST #57 (1787)