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AliG said:Oil is a finite resource, if companies spend a little larger proportion of there revenues on alternative energy. Instead of the trillions of dollars on oil exploration. Then make the new markets competitive and business will be slowly as affective as the oil industry (long term prospect). Realistically this is actually the only option with the demand for oil becoming more, especially with China and India starting rapid industrialisation.
The energy companies (they are not just oil companies) do exactly that. Texaco/Shell is one the largest investors in hydrogen technology and spend millions on hydrogen R&D.
This may be a long-term project and the short-run will be economically difficult for the Western countries,
The new energy plan will help but will take time.
Additionallyof greater importance than the current budget deficit or the current economic ranking.
two words that Americans dont seem to understand....
Global Warming (El Ninos, mass flooding...etc)
Most Americans i know will laugh...
Well if we have warmer winters then we use less heating oil don't we.