what I never get is the insistance that Oil Cartels will shelve an idea, they have just bought in favour of keeping thier money invested in a finite resource.
whatever the facts about how much oil is left, it will run out. So if they can buy an idea that allows them to reduce dependancy on oil at present, while a suitable synthetic alternative is developed, they win on both counts! Looking at it with scale of economics, how long would it take to actually reduce oil dependancy for the world? 100years? longer?
Aircraft being built between now and 2030 will require to use oil to move, they will have a life expectancy up to around 40years.
I have no idea what ships will need, but its probably in the same region if not longer.
all kinds of manufacturers require oil.
Cars are not even a tick on the tip of the iceberg in terms of oil consumption, so why would they buy up these ideas, that they can make money on, and shelve them to make money on the product they are already making money on?
Take a car engine that works on water alone as an example. It will require oil to make it, oil to ship it around the world, the road surface requires oil to make that, trucks, trains, sattelites, plastic in TV's etc. The list of products needing oil is pretty big. and just having a car engine alone, that runs of water, will not prevent oil usage.
And that is supposing they can replace all the worlds cars, with this engine tommorrow. which would turn into a frightening logistical nightmare!
I know diamond cartels buy diamonds to keep the price of diamonds up, but then they are not a scarce product. Oil cartels may control price and supply of oil, but as they know it will run out, I would guess they will be looking at making whatever it is that would be a replacement for thier product, thus staying in business after the end of oil. If they can bring it out now, it lengthens the time oil is available for all. so again a win win all round for them.
Oil companies have an interest in making things green, and reducing oil consumption. They are the areas that will keep them in business long after others have folded.
Well thats what Lady Diana told me on the phone last night, after she got back from Elvis's party. Told me JFK was not actually shot too. They buried him in the Moon landing stage they built in Arizona!!!!!!