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Bottom line XOM and the rest have an investment in the oil business...over 100+ years worth. Alternate energy sources are irrelevant when you have a billion $$ cash cow to milk. Period. The only way XOM, Shell or the rest are going to move to new energy sources is if the $$ trail leads them there...economics, not science.
Interesting thing, did some web searches on hydrogen powered cars, fuel cells, etc. Many of the large car makers are working on hydrogen fuel cells in upcoming models (Daimler/Chrysler and Ford supposedly for 05). So, here's your choice. It's time to trade in the old clunker, you go to the dealers...you have the gasoline models, diesel, hybrid electric, hydrogen fuel cell, (work with me now) and one that uses just pure hydrogen (BMW has a prototype). Obviously conventional power has the HP edge, but for the rest....would you do it (Note, the Prius is in demand)?
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Rob
Black 1983
911 SC Coupe
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