Originally Posted by Domino
You really think that in the next few decades they are going to have just as much oil production as they do now? Of course they are investing in alternatives so they can still make money after we run out.
^^This. Oil companies aren't in the oil business because they just lurve them some oil, they are in the biz because they lurve them some money. If there are other ways to make that money then they'll be all over it.
It is like the DuPont example I put up earlier. They fought against CFCs being banned since it was their cash cow while at the same time researching a replacement. As soon as they found a viable replacement they jumped on the banning bandwagon. Cold hard cash is what makes the world go 'round.