I have to get out of this sick town - don't let your kids read this
Stephen A. Frye
s.frye at VERIZON.NET
Mon Mar 27 15:45:50 MST 2006
Nonsense. Fuel cells are *a* source, and yes, they are years away. That
is not a reason to not work them. There are many other energy
sources. Are they practical? Not yet. Should we really work them? I
How much effort do you really believe any corporation o industry will put
into a product that might rob them of business?
are there to make a profit for their share holders. What happens if
>they are driven out of business. Then who will you blame for high oil prices?
Did I blame anyone for high oil prices? Nope.
>In spite of media dis-information, oil companies are not making all
>that much money in comparison to other companies. Look at their
>quarterly reports and you will see they are making $.08-$.10 per
>dollar of sales (the have record profits in absolute dollars not in
>ROI because they also have record sales). Most successful companies
>today are making $.12-$.18 on the dollar. Further, a decade ago they
>were losing money. I did not hear a single complaint about that. If
>you average oil company profits over a couple of decades you will
>find their profit performance, from an investor's view point, has been dismal.
Did I write a word about oil company profits? Nope.
>We are dependent on foreign oil because the enviro-wackos prevent
>adding refining capacity. This is the biggest cause of high prices.
>No refining capacity has been added in decades and the population has
>been growing (that means more drivers and more cars thus higher
>demand). Yet the existing refining capacity has been able to keep up
>(until now) because cars have become more efficient and conservation
>efforts have worked (although the media and left doesn't talk about
>that, only demands conservation as if there isn't any). The second
>problem is lack of supply. It is estimated that there is enough oil
>in ANWAR and the Gulf to last us for a century including estimated
>increase in demand. However, the media and left dis-inform about that
>as well. They talk about "known reserves" (really are proven
>reserves) which does not include all known quantities and suspected
Did I write a word disputing any of this? Nope.
>The oil companies are not the bad guys here. It is a combination of
>population growth, increased production (the US uses about 25% of the
>world's resources but what you don't hear is that the US accounts for
>more then 25% of the world's goods and services) and enviro-wackism.
Did I dispute any of this? Nope.
Stephen A. Frye
s.frye at verizon.net
steve at fryefamily.net
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