Originally posted by: dmcowen674
Originally posted by: zendari
Companies making profit? Oh noes!
This shoots down all the Republicans in here screaming that the Oil Co's are working on coming up with alternative fuels:
10-30-2005 Alternate energy not in cards at ExxonMobil
ExxonMobil, which stunned Americans on Thursday by reporting nearly $10 billion in profit for the third quarter, says it has no plans to invest any of those earnings in developing alternative or renewable energy
Exxon's huge profits and its reluctance to use them for alternative energy development are unlikely to win much applause from motorists weary of $3 gas, suspicious that the current decline in prices will be short-lived, and hoping either for plenty of gas on the market or for a cheaper alternative.
The Sierra Club, an environmental group often critical of the auto and energy industries, said Thursday: "Americans want clean sources of energy that protect public health, reduce pollution, curb global warming, and save consumers money. Instead, ExxonMobil has worked to make America more dependent on oil."
No it doesn't, it just proves that you and Dean are so desperate that you'll try to spin anything.. Just because one company isn't interested in alt engergy, doesn't mean others aren't.
