Okay... Waggoner is attempting to get the greenies to buy his products by publically espousing their crackpot pet theory. Or he’s gone over to the darkside, in which case he needs to be booted before he can cause any further damage.
Pretty sad when we start burning food for fuel.
| General Motors Corp. 300 Renaissance Center, Detroit, MI 48265-3000 January 15, 2008 |
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To: Vehicle Design/Engineering Staff Thank you, Richard Wagoner, CEO cc: Robert Lutz |
I live in NH, can’t wait to see those battery powered DOT trucks plowing snow.
The story says: "Mr Wagoner cited US Department of Energy figures that showed the world was using about 1000 barrels of oil every second and demand was likely to increase by 70% in the next 20 years." The direct quote from Wagoner is, "There is no doubt demand for oil is outpacing supply at a rapid pace, and has been for some time now .... As a business necessity and an obligation to society we need to develop alternate sources of propulsion.
That ain't peak oil, folks. Oil may or may not peak anytime soon, but the surging demand is going to drive prices up either way. Automakers have to adjust to that reality.
To the credit of this publication, someone called them on the misleading lede earlier and they cover it in an "editorial note." Read to the bottom.
We get most of our oil from the country to the north, our second largest source of oil is the country to the south. Doesn’t it stand to reason there is a mess of oil in the US itself? We cannot drill in Alaska or off of Florida or California and yet there is no oil in America. BS.
Regards
The guy makes cars. I’m a retired business owner and I say more then half the oil has yet to be found or developed as a resourse.
Prove me wrong.
Follows their decision to quit developing the next gen V8 (wonder how many jobs will be lost over this?)
http://www.caranddriver.com/carnews/14532/bye-bye-to-gms-v-8s.html
They are right to make flex-fuel engines.
They are wrong to tout ethanol as the fuel to burn in them.
They should burn Methanol, a product that can be made economically from our vast coal reserves. We are correct to turn to the flex-fuel engines.
There is no doubt in my mind that the cost equation for petroleum should include the cost of fighting wars against Islam. Every dollar we are spending in Iraq would not be necessary if these folks weren’t enriched by oil money with which they can engage in their idiotic, religious jihad against the world.
Every single dime we spend on defense and diplomacy regarding Islam should be added to the cost of oil.
That makes ethanol fare better by comparison, but the real answer is Methanol.
And where is that electricity to store in those batteries going to come from? Coal? What happens when Peak Coal comes around?
Hmm, Mr. Wagoner must have a long position in ADM stocks . . .
Based on GM’s visionary ‘leadership’ for the last 30+ years and their laughable product offerings I’m not sure these comments amount to much.
Translation - WE are getting our tails kicked by the Japanese and are unable to compete. Therefore, GM has diversified into ethonal production plants and are seeking government help to force more people to buy ethonal vehicles.
Oh man...this is like the director of the national zoo building habitats for Nessie, Bigfoot and the Yeti.
GM appears to have peaked.
This is Peak Oil. This has been Peak Oil for a couple of months. The Peak doesn’t mean the flow of oil will suddenly cease while it is at the highest production rate since the Drake well. The production swing state is Saudi, with generations of reserves in the ground and no reserve production capacity. Find all the Prudhoes and Brazils you want, the Peak is already here. This is what the Peak looks like.
Don't sell your oil stock just yet.
The oil supply has “peaked” only in that we have locked up vast sources of new oil and will not permit it to be produced.
Luddites Rule!
There is more oil on this planet than human beings could ever use in the next 1000 years.