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Old 06-16-2008, 01:47 PM   #57
Full time employment: Posting here.
 
Join Date: Feb 2007
Posts: 594
Just thought I would chime in.... just 20% or so of all of our oil consumption comes from all OPEC nations combined. It is all listed on the DOE website. (They live for statistics and the like). So we are really only talking about replacing that 20% for now.
I firmly believe that we do need to ween ourselves off of oil as soon as possible. But I certainly do understand that large industries cannot change over night. If a very clever scientist came up with an engine that could go 62 miles to the gallon, it would still take years of development to get them into a viable commercial car.
And finally I do find it highly amusing that all of the people that are so violently against the "rich" oil companies, have nothing against microsoft. The oil industries have ~8% or so return on investment. Whereas Microsoft has closer to 20%. A before you say... "Well everyone needs oil, not everyone needs windows software!", think again. There are very few if any industries left in the US that do not use the microsoft operating system somewhere or another to make the products that they do. The reason that the oil companies are some of the richest on earth is also because they are some of the largest on earth. It always amazes me when people focus on.... "OMG!!! The oil company XXXX made 8 billion dollars last year. They must be ripping me off!!!!" But the thing they do not bother to look up... is that very same oil company spent 7+ billion to pay their employees, management, etc, etc, etc.... Just something to think about...
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