- Moderator
- #21
Jeff Kilgroe
Well-known member
That's a highly optimistic characterization, Jeff. The oil companies are only marginally invested in these technologies, at best -- more so than in the past, but the totality of their investment in alternatives to oil represent less than a drop in the bucket.
That is true. But we also have to consider that the majority of hydrogen fuel and fuel cell technology patents are held by these oil companies. Sadly, even as Honda is the current world leader (supposedly) in commercial fuel cell technology, they have licensed much of their base technology from other sources. Exxon corp was recently granted several patents for flexible organic film batteries and electrical conductors -- they even like to run TV commercials that talk about their battery tech that's targeted at hybrid vehicles.
My point is that as evil and controlling as the big oil companies may be, they are not stupid. They know the oil supply is finite and have been setting measures in place for years for when the day comes that wells dry up, they are already on top of the next big thing. This goes back many, years... Off the top of my head, at least as far back as 1935 when oil companies and automakers alike clamored to buy Charles Garrett's patent on a water-fueled carburetor design. The patent was purchased from Garrett, by Ford Motor Co., I believe, but at a fraction of initial speculations after Garrett could never actually duplicate the engine supposedly working.
The reason that GM is in the toilet is their marriage to the oil companies that shitcanned any of their efforts at innovation. GM's EV-1 electric car could have been the salvation of this company and a road map for future innovations. Instead, they were all destroyed.
Hmmm... I disagree. The EV-1 (Chevy Impact) was scrapped in favor of newer designs and promising new technology. The EV-1 had so many things wrong with it that there was little to justify a lease of one (they could not be purchased). The EV-1 only had a range of 60~75 miles with a single passenger and no cargo and a 13-hour average full recharge time. That was 12 years ago and much has changed in terms of business, technology and political climate.
The leaders in alternative energy have been smaller, nimbler companies with no vested interest in oil. They are leading. The oil companies are only now following along in the wake of the public's disgust at their willingness to propogate America's oil addiction and and sell the country off to foreign oil interests, piece by piece.
Smaller, nimbler companies are always faster to adapt, in any industry. But I'm not disagreeing with you on this point. Oil companies are slow to follow and are doing so unwillingly... My point is that, even to oil companies, alternative energy has now become a lucrative investment. Until the recent high gas prices, alternative energy sources have just not been cost effective to develop and implement. At least not from a big-business point of view. This has changed and you can bet that the oil companies are throwing their financial muscle around as much as they can. They are going to milk the current oil supplies (and what can be tapped in the future) for all it's worth, no disputing that, but they are also going to do everything they can to corner other energy technologies on the market. Several of these smaller, nimbler companies you have mentioned have already been bought up by the giants in the oil industry in an effort to control intellectual property and hedge their bets on which future technology will dominate in place of gasoline.