Sunday, March 30, 2008

Post from Yahoo's ZAP message board

Found good, relevant post on Yahoo's ZAP message board, am simply reproducing it, because it echoes my sentiments:

"This is not a term you will hear from anyone associated with oil companies. Here is an article that is an exception to that rule:
http://economictimes.indiatimes.com/arti...

Chairman of India's leading oil company ONGC, has written from the point of view of an insider. He says,
"I strongly believe double-digit oil price is already history. Oil addicted economies, the world over, will have to reconcile to this fact and work out suitable solutions to insulate development from the oil price curve." For oil addicted economies, read USA and the like.

He goes on to say,
"‘Peak Oil’ theory has kept every one guessing. Have we reached the peak or not quite yet? We may not have a definite answer as of now, but its effect is quite visible on the dynamics of the oil market. Now, many oil geologists believe that 90% of the globe’s oil fields have already been tapped and many are already exhausted. This is reflected in the report cards of oil MNCs." Scary? Very much so. Solution? Alternative enery! Wind, solar, electric.

Guys, give the people at ZAP a break, let them do their job providing us with some alternatives to the cars we use at present. If on the way some mistakes and U-turns are being made, those are par for the course for any small or medium size company who is dealing with emerging technology and who is facing some very substantial opposition. They need encouragement and support, not brickbats and abuse."

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