Originally Posted by denverd0n
Wow. Once again the old cabal that oil
companies are buying
up miraculous new technologies so that they can keep selling oil
Umm... If they had a way to use water
, they could make billions upon billions upon billions from it. They would make so much more money
than they can ever hope to make from selling oil that it is absolutely ridiculous. So what you're saying is that they DON'T want to become rich beyond the dreams of avarice. They DON'T want to make more money
than they ever could any other way. What they want is to make LESS money, so long as they can keep making that money by selling oil.
Yeah. Sure. That makes a whole lot of sense.
Especially if you know that oil companies don't make all the much money from selling oil. Most of the money made from oil goes to Arab princes, not to Big Oil...
I've worked as a free lance IT specialist for 20 years now, and as a result have seen quite a few companies from the inside. In the 90ies I worked for a year as sysadmin for an oil exploration company. Whenever I needed budget
the reaction was "have you seen the oil price
lately?". At that time most of the North Sea rigs were running at a loss... Big Oil would then have loved an alternative that would actually make them money.
I've also worked in the oil retail business. You learn interesting things there. For example that everyone sells the same thing. There is no difference between diesel
or gas bought from a Shell station or from a BP station. In fact, if you're in the Netherlands
you are most likely to be filling your tank with something that came out of a Shell refinery, regardless of the brand on the pump...
I also learned that the reason that you always have to go in to a shop to pay is because they want you to buy something there, as they make more money in the shops than on the sale
of gas or diesel
(But this is Europe
, where margins on fuels are very thin...)