Comments on: The Oil Empire Strikes Back! http://newenergyandfuel.com/http:/newenergyandfuel/com/2008/03/27/the-oil-empire-strikes-back/ News and Views for Making and Saving Money in New Energy and Fuel Tue, 22 May 2012 05:45:56 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Rod Adams http://newenergyandfuel.com/http:/newenergyandfuel/com/2008/03/27/the-oil-empire-strikes-back/comment-page-1/#comment-3208 Rod Adams Sun, 06 Apr 2008 01:35:13 +0000 http://newenergyandfuel.com/http:/newenergyandfuel/com/2008/03/27/the-oil-empire-strikes-back/#comment-3208 When I talk about the interests of the oil industry I do not separate the extraction and refining companies - "Big Oil" - from the state or dictator owners of the ultimate resource. Though I have owned stock in certain production companies, I have no interests at all in common with the Russian government, the Iranian government, the Saudi government, the Nigerian government or the Venezuelan government. The wealth that those governments have gained in the past 7-8 years because of our addiction to the benefits of the product that they own have put our security at risk. The beef that I have with "Big Oil" is that they are willing participants in maintaining the world's addiction to oil. Though the money that they pay out to stockholders is not insignificant, the company leaders have given themselves fabulous salaries for the act of genuflecting to dictators in negotiating for rights to extract oil. I would feel a lot better if they were putting their resources to work in developing fission power - a proven alternative that reduces the need to burn oil - instead of science projects with weak energy sources like animal waste products. When I talk about the interests of the oil industry I do not separate the extraction and refining companies – “Big Oil” – from the state or dictator owners of the ultimate resource.

Though I have owned stock in certain production companies, I have no interests at all in common with the Russian government, the Iranian government, the Saudi government, the Nigerian government or the Venezuelan government. The wealth that those governments have gained in the past 7-8 years because of our addiction to the benefits of the product that they own have put our security at risk.

The beef that I have with “Big Oil” is that they are willing participants in maintaining the world’s addiction to oil. Though the money that they pay out to stockholders is not insignificant, the company leaders have given themselves fabulous salaries for the act of genuflecting to dictators in negotiating for rights to extract oil.

I would feel a lot better if they were putting their resources to work in developing fission power – a proven alternative that reduces the need to burn oil – instead of science projects with weak energy sources like animal waste products.

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