Wall Street poops itself whenever oil prices change a couple points. Yet, somehow, to certain minds it's unpatriotic to talk about alternative energy sources that would give independence from the vagaries of the global market.
No one does more research on alternative fuels than energy companies.
ROFLMAO
Yes. Mine came all the way off and will need surgical reattachment. And note the clever conflating of alternative energy with alternative fuels. Petroleum companies still do not speak the language of an electron economy.
Of course not. They are heavily invested in oil, from finding it, taking it out of the ground, refining it, and delivering it. But, at the same time, they are researching alternate energy solutions to the tune of $ millions. They are, after all, energy suppliers, and none of them will stay in business if they are not prepared to adapt to market changes. The US, thanks to fracking, leads the world in oil production which could not have happened without private industry’s pioneering effort to produce huge quantities of natural gas, thereby reducing co2 emissions. These same companies will be leaders in alternate energy whenever such alternatives become market viable.