Oil Companies Loath to Follow Obama’s Green Lead

New York Times ^ | April 7, 2009 | Jad Mouawad

[Osage Orange]

Yeah Salazar is thinking about campaign donations....from wind and solar entities....

[The Electrician]

The Obama administration wants to reduce oil consumption, increase renewable energy supplies and cut carbon dioxide emissions in the most ambitious transformation of energy policy in a generation.

The author of this NY Times piece, Jad Mouawad, chose the wrong adjective to describe the Obama regime's policy prescriptions. If he had wanted to write honestly, what he should have written is:

The Obama administration wants to reduce oil consumption, increase renewable energy supplies and cut carbon dioxide emissions in the most foolish transformation of energy policy in a generation.

[Blood of Tyrants]

Not yet, anyway.

[Oldpuppymax]

Looks like Hussein will have some brand new companies to take over when he gets back.

[GeronL]

of course they like to make a profit. I guess Obama will have to offer them federal support to keep them profitable.

[GeronL]

wind is about 50 times more expensive per khw than coal and would need huge taxpayer subsidies

[Jacquerie]

Thanks for the reminder. It was just assumed, it was a truism without a shred of evidence that Bush/Cheney took millions of $ in kickbacks from oil companies.

[Eric in the Ozarks]

A recent study said 80 percent of wind generation must be backed up via fossil fueled generation. In Texas, the figure was > 90 percent.

[GeronL]

wind and solar are unreliable and unpredictable. You cannot run a grid that way.

[subterfuge]

Even as Washington goes into a frenzy over energy, many of the oil companies are staying on the sidelines, balking at investing in new technologies favored by the president,

Oh really. Well then, a bailout is in order, apparently. Then, like with the mafia, you'll do whatever we say--or else.

[Dr. Bogus Pachysandra]

“Bambi’s energy secretary said wind could replace 3000 coal fired power plants.”

And,, it will only take 3 trillion windmills to do it. Green jobs!

[jonascord]

I didn't see in the story any mention of the fact that the Seven Sisters have been sitting on all the profits from last year's price per barrel spike.

They don't need the Fed Nationalizers to move in and "save" them. Big Oil has been perfectly happy passing along locally mandated 'boutique' gasoline prices to the consumers, and keeping the profits to plow back into leases, and rigs, and non-union people.

You might also notice how many of the Big Oil Companies can move headquarters overseas in a heartbeat. They are perfectly willing, and can afford, to sit out The President of Crazyville's self induced financial disaster. Amazing how spending 100 years bribing Third World dictators prepares Big Oil for dealing with this White House...

Oil exploration and production has always been a cash on the barrelhead business. Oil men don't like playing financial games. Our Chicago Shyster-in-Chief may find it hard to grift and blackmail people who aren't stupid and greedy.

[LibLieSlayer]

Maybe if the wind is biden and hussein lighting their farts live on larry king.

LLS

[subterfuge]

Our Chicago Shyster-in-Chief may find it hard to grift and blackmail people who aren't stupid and greedy.

Doesn't need to. Cap & Trade anyone? When Brrack gets done with his green initiatives (read OVERTAXATION) the oil companies will be crying uncle. Brrack will be looking out for the children, the environment and the world.

Oil companies don't need the money for a bailout? The mob has ways of MAKING you need the money, then they own you.

Sorry to say it.

[LibLieSlayer]

They are not American companies any longer and they will just sell their oil to other nations... we will be left high, dry and without. They will tell hussein to go **** himself.

LLS

[Eric in the Ozarks]

Of course not.

[calex59]

They are not American companies any longer and they will just sell their oil to other nations... we will be left high, dry and without. They will tell hussein to go **** himself.

[calex59]

They are not American companies any longer and they will just sell their oil to other nations... we will be left high, dry and without. They will tell hussein to go **** himself.

You've got it right. With China coming on line with gas powered cars, all the oil companies have to do is offer a discount to them to establish new markets. The citizens of this country will be walking or driving motor scooters or that ridiculous 2 wheeled motorized wheel chair GM is touting and India and China will be driving SUVs and Pick up trucks! However, as soon as we are conquered by China after we throw away our nukes, we will be able to drive gas powered cars again also!

[LibLieSlayer]

The chicoms will find Mississippi a bit hard to conquer but I understand exactly what you are saying. The more pain that fans of American Idol feel, the sooner we will be rid of this muzzie/marxist. The only problem is good people like FReepers will feel the pain also.

LLS

[2harddrive]

HEADLINE: “Oil Companies Loathe To Waste Money, Unlike Obama!”