Monday, October 16, 2006

What The Oil and Power Companies Do Not Want You To Know

There is a shortage of oil refining capacity yet the oil industry, awash in record profits, refuses to build new refineries. Why should Exxon, BP, Shell and other oil firms expand refining capacity when shortages keep the prices of oil products high?

There is a shortage of the refined silicon products used to make solar panels and microchips. Why should Dow Corning, Applied Materials, and Mitsubishi Materials invest in more capacity when the price of silicon keeps going up?

Why is it taking so long for U.S. car manufacturers to catch up with Toyota and Honda in the manufacture of hybrid cars and trucks? Why are Ford, GM, Toyota, and Honda limiting manufacture of such successful models such as the Toyota Priius and Honda Accord hybrid vehicles?

Why is the wind power industry, controlled by Siemens, GE and Mitsubishi, growing so slowly? These firms sell wind turbines but they also sell other types of turbines that run on gas, oil, and nuclear energy.

Why are government incentives for energy-saving products, including solar panels and hybrid cars, disappearing?

When you drive past huge new housing developments in Florida, Virginia, California, and Nevada what is missing? Why do none of these houses come with any solar energy devices?

The answer to all these questions is oil.

The oil industry may claim to be making investments in alternative energy. BP has BP Solar, they bought it from Exxon years ago. They invest a very small percentage of their massive profits in BP Solar. The same is true for Shell Solar. Why not invest more?

Exxon currently has no solar energy investments. In fact Exxon lobbyists regularly make a point of telling politicians how little solar energy contributes to the U.S. energy consumption. When was the last time you heard anything in the U.S. about tidal energy, power from the ocean tidal movement?

The answer is oil.

The major U.S. power companies all seem to have their little showcase solar or wind energy projects but do very little to expand these projects. They also spend very little to get U.S. governments to provide them with more incentives. Certainly not what they spend to get incentives for oil, natural gas, nuclear, or coal passed by members of Congress.

Any decline in energy consumption caused by alternative energy scares the major energy retailers. The major energy producers have an industry-wide plan, certainly not public, to combat the growth of alternative energy and even stop energy efficiency efforts. They simply have too much money invested in fossil fuel production they would lose if alternative energy sources were used seriously. The global environment is dying and the companies where you spend most of your money are purposely doing little or nothing to stop it. They would rather die selling you products made from oil, coal, plutonium, and gas than help you to switch. Think about it.

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