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Why is Exxon making so much money?

Why is Exxon making so much money?

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Originally posted by sasquatch672
No. We will exhaust the earth's proven reserves of oil in the next thirty years. Even BP says so. We have used up a trillion barrels of oil, and even oil companies are saying "there's as much in the ground as there's ever been used."

If you interpret that sunny statement, what it means is that half of what we had a hundred years ago is gone. ...[text shortened]... urn our economy over into something sustainable. Otherwise, it's the Dark Ages all over again.
ROFL, 20 years ago people were saying that by year 2000 we was gonna run out of oil, New technology found us more, Its amazes me when people tell me that oil is gonna run out in 30 years. And you dont have to worry about the dark ages, when the oil gets low, prices will go up, and people will invent cheaper ways

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Originally posted by HayVeeGee
If I had a nickel for everytime some soothsayer proclaimed the coming doom of natural resources, I'd have more nickels than even B. Gates and W. Buffet combined.
Forty years ago, we were supposed to be out of even space for people to live, let alone drive their cars, within 20 years.
Food was supposed to be gone, air was to be unbreathable, no later tha ...[text shortened]... r appeared.
Point: fear merchants peddle their wares for power, not for the good of the people.
Very True.

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Originally posted by HayVeeGee
If I had a nickel for everytime some soothsayer proclaimed the coming doom of natural resources, I'd have more nickels than even B. Gates and W. Buffet combined.....
if i had a nickel for everytime people regretted failing to avert disaster then i would be rich too.

all we do is demonstrate very poor use of logic

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Originally posted by flyUnity
Very True.
So are the two of you saying that oil is not running out? Are you of the mind that fossil fuels will be around forever and that any attempt to find an alternative is a waste of time as we have more oil than we can ever use?

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As for fossil fuels, it is my belief after sifting through the vast quagmire of propaganda out there, that we certainly have enough oil for some time to come in the earth. That said, it is utter nonsense that automobiles and a variety of other items still run off the stuff.
We have the tech to run on a multitude of far more renewable resources, we simply lack the motivation (read as money invested in oil industry). Anyone know who owns the patent for the hydrogen engine? It is my understanding it is the property of Exxon.

As far as the current cost of gasoline, I think this should make us look at two things.

1) The corporate structure. Indeed, I fail to see how these guys warrant their eight figure bonuses. I've never met a man who 'earned' eight figures in one year by any rational (in US$ of course).

2) The tax we put on gasoline. I believe it to be about 40%. So much for the politicians crying foul of the corporate greed. They're taking far more for themselves. Being that we are seeing such profits, I assume the politicians will read this as 'time to increase the gas tax a few mor %'.

So, the bottom line: The world is full of tree hugging hippies and greeedy @$$ corporate officials. Because both have special interests in reporting extremely.....'perspective dependant'.....information, we will seldom (if ever) hear the raw deal from them.

Best Regards,

Omnislash

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Originally posted by Omnislash
As for fossil fuels, it is my belief after sifting through the vast quagmire of propaganda out there, that we certainly have enough oil for some time to come in the earth. That said, it is utter nonsense that automobiles and a variety of other items still run off the stuff.
We have the tech to run on a multitude of far more renewable resources, we simply ...[text shortened]... nformation, we will seldom (if ever) hear the raw deal from them.

Best Regards,

Omnislash
You referred to a 'hydrogen engine'. Are you aware that in order to get hydrogen, energy has to be added to water? Where is that energy going to come from?

Hydrogen fuel cells are not equivalent to oil products as far as being energy sources. Oil contains stored energy, originally from the Sun. Hydrogen has to be made from some other energy source by humans. It's not an alternative to oil; it's not a fuel source.

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Originally posted by Omnislash
As for fossil fuels, it is my belief after sifting through the vast quagmire of propaganda out there, that we certainly have enough oil for some time to come in the earth. That said, it is utter nonsense that automobiles and a variety of other items still run off the stuff.
We have the tech to run on a multitude of far more renewable resources, we simply ...[text shortened]... nformation, we will seldom (if ever) hear the raw deal from them.

Best Regards,

Omnislash
1/ If it's a private company then it's nobodies business other than the employer and the employee. CEOs at this level could easily make bad decisions with costs far in excess of their salaries, their salaries reflect this responsibilty.

2/Yep you've made a good point here, I find it odd that so many that rail against corporations as being too big, or being too profitable think that increasing the powers of the biggest baddest monopoly of all, guvamint, is the answer to all their woes.

Edit: as long as the hippies and greedy ass CEOs refrain from force and fraud to make their point.

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Originally posted by AThousandYoung
You referred to a 'hydrogen engine'. Are you aware that in order to get hydrogen, energy has to be added to water? Where is that energy going to come from?

Hydrogen fuel cells are not equivalent to oil products as far as being energy sources. Oil contains stored energy, originally from the Sun. Hydrogen has to be made from some other energy source by humans. It's not an alternative to oil; it's not a fuel source.
I am not familiar to the technology, so I can not offer an educated comment on the matter. I simply state what I have learned to be purported from other sources. If you can link a source that shows in depth what you are saying I would appreciate it.

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Originally posted by AThousandYoung
You referred to a 'hydrogen engine'. Are you aware that in order to get hydrogen, energy has to be added to water? Where is that energy going to come from?

Hydrogen fuel cells are not equivalent to oil products as far as being energy sources. Oil contains stored energy, originally from the Sun. Hydrogen has to be made from some other energy source by humans. It's not an alternative to oil; it's not a fuel source.
rubbish ...

oil is primarily a source of mobile energy reserve.

that is also what the hydrogen engine provides (in theory)

nothing is an "ultimate" source of energy ... it is just transfer and mobility and storage.

the hydrogen engine is a direct replacement/competitor for oil.

naturally it will need to be linked to other forms of input of energy - but that is its best strength - it can take it from anywhere - even from oil!

(try brewing up some petroleum from you nuclear reactor or from your solar chimney)

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Originally posted by flexmore
rubbish ...

oil is primarily a source of mobile energy reserve.

that is also what the hydrogen engine provides (in theory)

nothing is an "ultimate" source of energy ... it is just transfer and mobility and storage.

the hydrogen engine is a direct replacement/competitor for oil.

naturally it will need to be linked to other forms of input of ...[text shortened]... from oil!

(try brewing up some petroleum from you nuclear reactor or from your solar chimney)
in oirder to create hydrogen for a fuel cell you need to use energy to create the hydrogen in the first place.

u could use electricity to split water in to hydrogen and oxygen.. but then were do we get the electricity from? by buring fossil fuels and or using renewable energy sources.

Hydrogen is a wate of time in order words and can never be a replacement for oil... have you ever thought about the dangers of driving around with 30 litres of hydrogen in an automobile.. hmm i dont think i would like to test drive one of those babies at 70 mph.. KA BOOM!!!!!!!!!!!!!!!

as for having enpough oil to last hundreds of years.. absolute bollix./ US has had a dcline in oil production since 1970's, Saudi Arabias reserves are down.. oil in Alaska and canada tar oils/shales etdc are extremely exzpensive to extract.. face it the oil era is at an end and we need to realise that before we dont even have enough oil left to construct renewable energy sources..

how will we build our windfarms etc when oil is ridiculusly expensive.. we should be building them now when it is relatively cheap.. not build them when there is no oil left

i think most people are very un-aware of the realities of oil etc..

heres a website if your interested.. it should have links to other sites also

http://www.peakoil.ie/

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Originally posted by Omnislash
I am not familiar to the technology, so I can not offer an educated comment on the matter. I simply state what I have learned to be purported from other sources. If you can link a source that shows in depth what you are saying I would appreciate it.
http://en.wikipedia.org/wiki/Hydrogen_fuel_cell

...it produces electricity from an external fuel supply of hydrogen and oxygen...[t]here is concern...about the energy-consuming process of manufacturing the hydrogen, which may still generate pollution and still requires either fossil fuel, nuclear power generation, or as yet undeveloped alternative generation. In this regard, hydrogen fuel technology itself cannot be said to reduce fossil fuel dependence.

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Originally posted by mosey
in oirder to create hydrogen for a fuel cell you need to use energy to create the hydrogen in the first place.

u could use electricity to split water in to hydrogen and oxygen.. but then were do we get the electricity from? by buring fossil fuels and or using renewable energy sources.

Hydrogen is a wate of time in order words and can never be a replacem ...[text shortened]... website if your interested.. it should have links to other sites also

http://www.peakoil.ie/
The only reason that oil production is down is because of the envirementalist, we could create more dams, but the envirementalist dont like them, and windfarms are an eyesore to the envirementalist. I live in wyoming, and I hear people from back east whine in our local paper because were ruining our state because were drilling in "scenic" country, and have windfarms all over the place.
And one of our local towns is trying to build a dam for electricity, but the feds wont allow it because its not "natural"

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By the continued use of the term 'fossil fuel' everyone here is referring to methane, correct? God knows the dinosaurs were limited!

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Originally posted by HayVeeGee
By the continued use of the term 'fossil fuel' everyone here is referring to methane, correct? God knows the dinosaurs were limited!
Huh?

Methane is a fossil fuel, but it's not the only one.

Fossil fuels, also known as mineral fuels, are hydrocarbon-containing natural resources such as coal, petroleum and natural gas.

http://en.wikipedia.org/wiki/Fossil_fuel

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Originally posted by flyUnity
The only reason that oil production is down is because of the envirementalist, we could create more dams, but the envirementalist dont like them, and windfarms are an eyesore to the envirementalist. I live in wyoming, and I hear people from back east whine in our local paper because were ruining our state because were drilling in "scenic" country, and hav ...[text shortened]... is trying to build a dam for electricity, but the feds wont allow it because its not "natural"
your statement makes no sense

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