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Our Energy Future

petroleum engineer Wrote: May 14, 2012 8:59 AM
Want to learn more specifics see my blog- Read my e-book - The Sky Will Not Fall - Unmasking the Green Revolution available - Amazon, Barnes & Noble. You'll find there are lots of solutions outside of the green energy solutions that as yet do not work on any economic level. Forget battery operated cars - they are far into the future. Solar and wind do not come close to supplementing any lartge segment of our energy needs.

At the Chicago Booth Graduate School of Business Management Conference Friday, I listened to a panel discussion on energy. It was interesting, primarily because the two panelists didn’t mince words.

They offered up some interesting stats. Did you know that Chevron ($CHV) spends $33 billion a year just to keep the doors open and the lights on. Amazing operating budget. For that 33 billion spend, they control 2% of the world wide oil market.

Conclusion: Running an oil company isn’t cheap and has a lot of fixed costs.

Question: Why do we...

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