Carbon Capture and Petroleum Industry

TalkBack 1 of 2:

Next »

• Thread View
• Flat View

Here we go again

So, those big bad oil companies are meanies, aren't they? Boy, we're sure a lot better off now that those oilmen Bush and Cheney are gone.

In case you didn't notice, the American oil companies are itty-bitties when compared to the giants in the global oil industry. Those enormous profits you mentioned accounted for something like $0.10 on a $4 gallon of gas last summer. Overall,the profits in the oil refining sector are in line with profits in many industries--the numbers are huge because the revenues are similarly huge.

Tell you what--let's nationalize the oil and coal industries, just like Hugo Chavez or Fidel would do. Within a few decades we'll have an economy similar to theirs.

As for carbon capture, I think the jury is still very much out on whether it would do any good, let alone whether there is a need to do it at all.

Posted by: riredale   Posted on: 02/26/09 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• Five Steps to Determine When to Virtualize YourServers VMware Server virtualization isn't just for big companies. Entry-level ... Download Now
• Unrivaled support from Novell, now available for Red Hat Novell If Linux is going to power your mission-critical applications, you'd ... Download Now
• Building the Virtualized Enterprise with VMware Iinfrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now