Thursday, February 17, 2005

Are oil profits dirty?

I am watching CNBC right now and a segment on oil just finished.

The price of oil isn't getting any cheaper, because of demand. Demand is only going to get higher. One analyst said oil companies are making more cash than they can possibly spend, so oil companies will keep trying to find more oil.

So why isn't gas cheaper, I wonder? And it's almost certainly not going to get cheaper. In fact, it won't take much to happen in world events to cause prices to go higher.

I'm certain terrorists will never make that connection.

Ultimately, if you are invested in oil you are making good money, but I say that money is dirty. We know it's dirty. Whether you live in Houston and are not allowed to say the words "global warming", or you just think it's been hyped up, there is no argument that oil has caused massive environmental destruction around the world - oil spills, smog, illegal dumping.

While refineries have made oil much cleaner over the years, our dependence upon oil is ridiculous by environmental standards alone.

Yet, according to analysts, one of the biggest factors of the economy moving forward is? You got it, oil. A dip in supply and all bets are off.

The truth is, terrorists could easily damage the economy by reducing the supply of oil.

Even without terrorism, if demand surprises analysts this year again, as it did last year, oil prices are almost certain to spike anyway.

Why should the U.S. continue to remain so susceptible to something we can easily change? Not only can we change it, but in the long run, we can profit from it.

Oh, that's right. Because America's investor class has money in oil.

The Kyoto protocol.

Phooey. Not that I'm against it, but reducing America's automotive demand for oil by 30 or 40 percent, nationwide, is a bigger step, one that could be accomplished in just a decade with current technology, particularly hybrid cars.

The point is, we should be efficient as possible not just because it's good for the environment, that's almost irrelevant. We should invest in hybrids and efficient technologies because it's good for the economy, it's good for your job, and it's good for your family.

Is dirty profit really more important than all of that?

Demand nothing less than hybrid car efficiency.

Join the revolution, join the Soultek Hybrid Car Club.

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1 Comments:

Blogger Paz said...

More people should learn about electric vehicles as a solution. "Zero emissions" is something that's going to be required by law one day (you know it will). Making the decision to go electric is far cheaper anyway, like 10 cents on the dollar vs. gas. (source: zapworld.com)

2:49 PM  

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