Yesterday, I posted a complex article, Removing the Fossil Fuel Blinders, which attempted to put together and make some sense of some of our toughest issues regarding energy and the environment. It’s worth a read for getting a broad overview with some important details regarding these problems.
But today, I want to point readers toward looking at Exxon Mobil, an oil company that has seen record profits over the last several quarters, with the best profit ever over the last quarter. It’s unsurprising, considering the higher prices people are willing to pay for oil.
The New York Times article I read made a point that stood out to me as especially interesting:
Exxon’s shares fell 4.6 percent, to close at $80.43.
And:
The disappointment from investors is bound to put added pressure on Exxon Mobil’s chairman and chief executive, Rex Tillerson, to search for new fields in politically precarious areas of Africa and the Middle East.
Hmmm, to search for new fields? Well, the sitting President, George W. Bush, and the Republican Presidential Nominee, John McCain, would like to give oil companies, who are already seeing record profits, the biggest chance at lots more oil, further tying our economy to ever more oil. This is not smart policy, it is political pandering.
Voters are smart enough to see the truth on this matter and to know that these policies are bad for the country, that it will take years (not months, as McCain has said) to see any oil, and by that time, other sources will have dried up or declined and the demand will have increased.
What do we do? Starve those companies into investing some of their huge profits into clean, renewable fuel sources. I said it in yesterday’s article, and I’ll say it again: those companies, like Exxon Mobil, can have a seat at the table. Now, with demand increasing on smaller amounts of oil, and as CEOs see the need to continue to see growth, they may just see the light and the opportunity in green, clean energy sources.
This is a great opprotunity to push such companies toward a more sustainable future. Don’t let them drill offshore or in new areas. Let the supplies dry up. And let’s go ahead with the technology we have and are developing for a clean energy future!
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