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NEW YORK (Reuters) – Exxon Mobil Corp. (XOM.N: Quote, Profile,
\n Research), the world’s largest publicly traded oil company, reported
\n a quarterly profit of $10.7 billion on Monday, rounding out the most
\n profitable year in U.S. corporate history.<\/p>\n
The results pushed up Exxon’s profit for the year to a staggering $36.13
\n billion — bigger than the economies of 125 of the 184 countries ranked
\n by the World Bank. Profit rose 42 percent from 2004, largely due to soaring
\n oil and gas prices.<\/p>\n
from Reuters<\/a><\/p>\n WASHINGTON — President Bush said yesterday he would ”We have got to wean ourselves off hydrocarbons, oil. . . . We have From the Boston Globe<\/a><\/p>\n Unprecedented! Raking in historical, as in the history Expect isolated ingenious lip-service and proto-projects Expect a well choreographed yet appearantly event-driven Finally, when oil gets to about $250 a barrel and There will probably be a transition period when Americans still use dwindling But go they will. The age of hydrocarbons is coming to an end, What and when that will be is still anybody’s guess. Does it matter that The feeling here is that if anything matters, this does.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":" NEW YORK (Reuters) – Exxon Mobil Corp. (XOM.N: Quote, Profile, Research), the world’s largest publicly traded oil company, reported a quarterly profit of $10.7 billion on Monday, rounding out the most profitable year in U.S. corporate history. The results pushed … Continue reading
\n use his annual address to Congress tomorrow to call for more use of alternative
\n energy
\n sources. The president also plans to put forward initiatives on issues
\n such as healthcare and taxes, analysts said.<\/p>\n
\n got a serious problem, and now is the time to fix it, and I’m going
\n to address
\n it again at the State of the Union," said Bush, a former Texas oilman
\n who has worked closely with the oil and gas industry for years.<\/p>\n
\n of the planet historical, capital profits, and the far-seeing Energy
\n Industry is already laying the
\n groundwork for the "Next Big Thing". Why else would they be having their
\n shameless shills in the White House talk about the end of the Hydrocarbon
\n Age.<\/em><\/p>\n
\n on "green" technologies like cars that run on trash or corn, but this
\n will just be window dressing
\n designed to maybe make our oil reserves last a little longer and develop
\n stopgap technologies in preparation for an increasingly likely interruption
\n of our
\n foreign oil supplies at some point during the next 10-15 tumultuous years.<\/em><\/p>\n
\n spiraling up of oil prices. Each natural disaster, blown up refinery,
\n political
\n tiff with
\n a producing government, local civil war and US military intervention will
\n lead to an inexorable increase of oil prices. This, in turn, will allow
\n the escalating squeeze of the world’s capital flow to those who own and
\n distribute the diminishing supply. Of course, it will all be strictly
\n in accord with the holy law of supply and
\n demand.<\/em><\/p>\n
\n gas hits seven or eight bucks a gallon, people will start panicking and
\n the government will
\n be ready
\n to throw big money at – guess who – to bring alternative energy production
\n on-line asap. Expect the Energy Industry to be ready to serve, with
\n some high-tech, centralized and billable distribution plan for something
\n expensive like "Atomic Energy 2.0" or space-based solar.<\/em><\/p>\n
\n and increasingly expensive gasoline for their cars but heating and electrical
\n production shift over to non-hydrocarbon
\n sources. America’s love affair with cars will insure that they will be the
\n last vestiges of the hydrocarbon age to go.<\/em><\/p>\n
\n and the Lords of Oil are not going down without a fight, but rather plotting
\n to insure that they also direct the next phase of our energy evolution.<\/em><\/p>\n
\n the Oil Lords are accumulating more money than has ever been collected by
\n one group in human history? Does it matter what they are going to do with
\n that money? Does it matter what energy source replaces hydrocarbons as
\n they start to run out and get prohibitively expensive?<\/em><\/p>\n