Originally posted by Thatoneguy
so whats stopping the oil companies from switching to alternatives? They can still profit off the new stuff, especially if it's in demand as much as
oil.
The reason oil companies won't be switching to alternatives any time soon is that they have got a monopoly on oil; it's production and distribution.
They don't have a monopoly on new techonologies. If there is a widespread shift in attitude towards fossil fuels, there would be many emerging
alternatives. It is just as likely that a successful alternative will be developed (and patented) by some corporation/company/person that has nothing
to do oil empires. To try and describe it better; with developed society using oil (and almost nothing else), the oil cororations know they have the
entire market share, and no-one can 'bustle in'. There is no way they will be able to control and 'own' the entire market for new technologies.
Interesting times ahead. I notice that the topic is divided between those who feel it is too late for an entire world order based on oil, and those
who put their faith in science.
[edit on 30-4-2005 by shadow_games]