Yesterday I saw a new add on TV sponsored by Chevron that claims the oil industry now owns 81% of all the worlds energy producing industries. This is the second ad I have seen in as many weeks. These industries include Natural Gas, Geo-Thermal, Solar, COAL, etc. I followed their link to www.chevron.com and saw their propaganda. Am I the only one concerned about the fact that the industry that has raped the public for the last 30 years now owns most of technology for any alternatives as well?
If that doesn’t bother you, does the fact that the strong “American” company we know as Chevron is now under foreign control? Go to the site and see for yourself the CEO’s are British. As if being under the control of “Corporate America” wasn’t bad enough, why are we allowing our most powerful corporations to fall to foreign investors?
Is it not time for our government to protect our financial holdings and require American Icons to stay under American control?
Wise One: Please pay attention to the TV today and the ads. I am not making this up. Also go to chevron.com.
freeentnut: Enjoy your ?’s, Why are you so sure there is not a tie between GE? I don’t know there is or there isn’t. Both interests are held by British.
Crabby: I can only pray you are right. And while you cant own the sunlight (yet), you can corner the technology that we would have to buy to make it more efficient. Why did California sell its University solar projects to Chevron? Please Go to the website: www.chevron.com
More Pages:
- Solar Producer: Why Would The Democratic Leadership In Congress Want To Increase Our Dependence On Foreign Oil? (4/3/2012)
- The US, Oil and Green energy…What the heck?
- Solar Turbines: Solar (industry/technology) Growth As A Function Of Oil Prices? (9/19/2011)
- Solar Panel: Do We Have The Cheney Oil-centric Energy Policy To Thank For This? (10/29/2011)
- What If the gov’t cut subsidies for profitable farm/chemicals & Oil and equally helped small business funding?
{ 6 comments… read them below or add one }
Isn’t that considered a MONOPOLY?
No, it doesn’t make me feel very safe either. Thanks for the heads up.
Yes if true (I have my doubts) – it would likely inhibit new advances and funding otherwise for small business/inventors
It bothers me that Red China produces 83% of all americas goods
That would be sad, but that would mean the oil companies own the controlling interest in GE and Siemens. Which can’t be true.
This isn’t news.
But the reality isn’t as bleak as it seems–fortunately. First of all, much of the protection the fossil fuel industry (not just oil) has had for the past 25 years is directly due to the neoconservative control of policy in Washington–which means, to all intents and purposes, that “big oil” has been setting the policy. That is about to end– Not that the Democrats are blamelesss–they are not. But the whole issue of global warming undercuts the legitimacy of the oil interests, and opens the door for real reforms.
The other, and more important, factor is tha tthe oil companies don’t control anywhere the level of technology they claim. New sources of energy that are already practical–and more that soon will be (solar, wind, tidal, etc) are not under their thumb. And–in today’s political/economic climate, they are not going to be able to suppress these technologies any longer.
We saw something similar in the late 19th century–a few firms controlling whole industires and virtually dictating American foreign and domestic policy. But–as now–they became too greedy and aroused the ire of the Amrican people, triggering the reformist “Progressive” movement. More to the pooint, they were defeated by new entrepreneurs with new and better ideas.
That’ s about as close to being inevitable as anything in human affairs can get. The logic is simple: firms such as the big oil companies are inherantly conservative–in the negative sense–they are focused only on preserving the status quo. They don’t innovate–innovation means change, risk–and evenutally having to abandon old methods. Their goil is entirely different: to keep things the same.
Butthat does not stop innovation–it only slows it down. Ad-in the long run, t is self-defeating for the established firms; they find themselves stuck in the past without the expertise or organization to respond and adapt to change.
One exampe: the railroads virtually controlled American shipping and passenger traffic before World War 2. They had also lost any intereest in innovation. That slowed progress–they had their profits and market and had no incentive to improve.
Then cost-effective air travel came along and took away their customers. More efficient trucking using the new post-war highway system cut into their freight traffic–and many railroads were going bankrupt by the 1960s. The industry has never recovered completely.
The situation with oil is even more severe–its not that they cn adapt to change–its that their basic stock in trade (fossil fuels) is becoming opsolete. By 2020 oil, coal, and natural gas will be declining industries.
I am not sad or happy, I will when the will bring the gas prices down