Re: Hydrogen fuel debunked

["Christopher Darilek" <cdarilek@mail.utexas.edu>]

>> Could it be possible that these companies are investing in the
technologies
>> that will eventually replace them to ensure their survival. Maybe they
think
>> the oil will run out sooner than we are being told.
>
>My thoughts exactly! If I were an oil company investor, which I am not,
>I'd be concerned about what would happen to my investment as oil runs
>out. It seems natural for any oil company executive to plan for the
>changes that are coming. Shell Oil has just started a division called
>Shell Hydrogen for example.
>


I took a college course on the politics of oil and from what we talked about
the amount of oil in the ground is based on the current price of oil - the
$$$ motivation to dig it.  So when oil is cheap it looks like it may run out
because there is only "so" much of it that can be dug out so cheaply.
However, as the price of oil rises (and it is CHEAP right now), it becomes
more cost justified to dig for the oil that was previously too expensive to
reach and the earth's oil supply expands enormously (there is LOTS of that
stuff - more than we even know of - we haven't even begun to look for a lot
of it).  I have a feeling it will take a long time for the price of oil to
rise high enough and the quantity of oil at that price (in the ground) runs
out.  I think Shell and others would more appropriately be investing in
alternative energy for when the world demands a stop to their stinky game.

I don't know what this means to hydrogen fuel being debunked or EVs or . . .
what list am on again?  Sorry.