Are big oil companies fighting the"green" energy industry?

Question

When I hear of the profit levels these companies make it seems that it should be obvious that the revenue be invested in Solar projects and wind generation energy and other renewable energys.Then we wouldn't need oil from anywhere. No use for oil means no use for any more to do with the Mid-east.

Answer 1

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If we required the oil companies to provide revenue for alternative energy, they would just make sure that time and money is wasted on more unworkable boondoggles like hydrogen.
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Instead, take a look at what has been developed without any government or corporate subsidies:
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http://phoenixmotorcars.com/models/fleet.html
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The Phoenix electric car can travel up to 250 miles between charges, carries 5 people plus cargo at 95mph, charges batteries in only ten minutes, and has batteries that will last over 200,000 miles. The electricity cost to drive it is only about one cent per mile.
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You won't hear anyone in the government talking about this car. Because this is exactly the sort of success story they did NOT want to happen. In fact, you'll have a hard time even finding the Phoenix mentioned in the media.
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But the Phoenix is a real car. Orders have been received, and they begin building cars this month. Cost is expected to be around $45,000. That cost will fall to something more reasonable if enough cars can be built.
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Answer 2

It's a very mixed thing.

Some oil companies are planning for the next hundred years. They're investing in alternative energy, etc.

Others (notably Exxon/Mobil) are sticking with what they know and what will make them huge sums of money in the short run.

It's hard to see a solution for this that doesn't involve the government and international agreements. Some people here hate that philosophically, to the point that they'd rather deny global warming is happening. I understand that, but for this problem, there is no other answer.

Answer 3

Maybe. Are the "green" energy industry fighting the big oil companies? You bet. It takes two to make a fight.

Answer 4

and quite everyone on television regarded thrilled as all get out! What a outstanding element they'd done for us! they could't get help for the uninsured, they could't get something done for the little guy yet, the wealthy, they certain haven't any situation getting expenditures exceeded for them! The potential bill is a no large deal, 13 years earlier the motor vehicle organizations ought to up the mileage a motor vehicle receives, 20 years earlier the electric powered organizations ought to reign in toxins of our air! many situations I surely have reported that those who're meant to be representing us are purely representing themselves, they are commonly wealthy human beings elected by potential human beings to artwork for us, quite? even as are we going to rouse to the actual shown actuality that the election procedure must be funded by technique of the authorities so as that those not interior the pocket of corporations are able to run for workplace. because the start of this u . s . we were run by technique of the wealthy, issues have not replaced & not in any respect will except we even the taking area in container & that ought to purely be carried out by technique of creating it so as that the middle & decrease earnings quite everyone seems able to run for workplace. they are the purely ones that quite comprehend our desires & in basic terms may bypass some guidelines that ought to help us all percentage interior the wealthy of this u . s ., not in basic terms the selected few!

Answer 5

If they did that, they could do things like provide their outgoing executives with $400,000,000 severance packages.

Answer 6

why to ''fight'' the"green" energy industry?
they can just ''buy'' the"green" energy industry!
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come one....
if you can buy something why to fight it?
the ''produsers'' of the energy are always the powerfull!
and their ''power'' can produse energy!

thats the life....