Oil companies question? | TigerDroppings.com
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bleedinpurpleandgold
LSU Fan
919 and 225
Member since Sep 2006
533 posts

Oil companies question?

Do members of this board believe that it is in Oil companies best interest to continue to pump out oil and natural gas and not look for new alternative energy? I am trying to prove a point at work and would appreciate any insight from the gallery?


dante
LSU Fan
Kingwood, TX
Member since Mar 2006
9380 posts

re: Oil companies question?
I would imagine the folks at Exxon are already deeply involved with alternative energy research, but in the mean time they will drill baby drill.


BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9695 posts

re: Oil companies question?
Businesses tend to do what makes them money. And they all are doing research for alternative fuel resources.


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TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4258 posts

re: Oil companies question?
I think it is in oil and gas companies best interest to continue to pump the shite out of the ground as quickly as is profitable, while at the same time dumping a not insifigant portion of said profits into positioning themselves to dominate the clean energy market. Find the breakthrough and then patent it ASAP.

(this was a very lackluster thousandith post)


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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7631 posts

re: Oil companies question?
Long term any well led company will always be looking for the next great product that they can sell.


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polizei11
LSU Fan
Lafayette
Member since May 2009
999 posts

re: Oil companies question?
The Major Oil companies are looking for and producing oil and natural gas while investing in alternative energy. It is in their best interest to continue their bottom line of oil and gas production and buying/investing in alternative energy research and technology in the event of loss of oil and gas.

They have deep pocket books that allow them to look into alternative energy even if they know they are 20-30+ years away from having to use them to make money.


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RCDfan1950
LSU Fan
United States
Member since Feb 2007
12039 posts

re: Oil companies question?
The economy is in a free fall, PG...BUT FOR fiat money. Which won't last much longer.

"Alternative energy"...pretty costly now. Oil and NG...plenty of it, right here, to SELL and offset manufacturing deficits. Something REAL for to keep this economy afloat and fend off all out collapse and anarchy.

And since we all know that the Earth is in a warming period...to keep our air conditioners CHEAP.



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Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3841 posts

re: Oil companies question?
Do you want to see higher increases in your current fuel costs? O&G Companies has some of the lowest profit margins in the world. If they started dumping massive amounts of extra $ into R&D to find the next energy source, which currently there isn't one that matches the BTU output of their current product, you would see an even larger cost at the pump.

Nuclear is pretty much the only other energy source that can rival O&G, but we self-scuttled it in the 70s.


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ragincajun03
LA-Lafayette Fan
Energy Capital of the World
Member since Nov 2007
6361 posts

re: Oil companies question?
Many of your major oil companies (BP, Shell, Chevron, Exxon) are in fact investing some into alternative energy research. They have the monies to do so and try to eventually expand their company portfolios. Obviously, though, oil & natural gas is still the most efficient fuel source, so that's where the vast majority of their business will still focus.

Your smaller independents (Forest Oil, Stone Energy) and even smaller E&P's will continue to focus almost strictly on oil & gas exploration, as they don't have as much capital.

However, those independents are the ones spearheading the more local/domestic exploration and jobs, as the majors are now able to invest in international exploration more.


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white perch
Louisville Fan
the bright, happy side of hell
Member since Apr 2012
3405 posts

re: Oil companies question?
quote:

I would imagine the folks at Exxon are already deeply involved with alternative energy research, but in the mean time they will drill baby drill.


My uncle is a lead exploration geologist for exxon and this is spot on.


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ShortyRob
LSU Fan
Madison, AL
Member since Oct 2008
29365 posts

re: Oil companies question?
quote:

Do members of this board believe that it is in Oil companies best interest to continue to pump out oil and natural gas and not look for new alternative energy?
It's in their best interest to do BOTH which is why all oil companies also pour tons of $$ into research.

This is because "oil" companies are first and foremost, "ENERGY" companies. The last thing they want to have happen is to be left on the outside looking in.



Lsut81
USA Fan
Member since Jun 2005
65646 posts

re: Oil companies question?
quote:

Do members of this board believe that it is in Oil companies best interest to continue to pump out oil and natural gas and not look for new alternative energy?


Depends on what you are trying to accomplish... Natural Gas prices are so low, profits have been squashed, so an "alternate" energy would make more $$$

As for supply, there is SOOOOO much Natural Gas/Oil on our continent that we have enough for the next 200yrs. Not to mention they just discovered a shite ton in Australia.


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22617 posts
Online

re: Oil companies question?
Exxon wasted 600mm on algae recently


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26191 posts

re: Oil companies question?
quote:

As for supply, there is SOOOOO much Natural Gas/Oil on our continent that we have enough for the next 200yrs. Not to mention they just discovered a shite ton in Australia.


and global warming will give us access to Antarctica...


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white perch
Louisville Fan
the bright, happy side of hell
Member since Apr 2012
3405 posts

re: Oil companies question?
quote:

Exxon wasted 600mm on algae recently


yea, but they've got that much and more to invest/waste


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NC_Tigah
LSU Fan
Member since Sep 2003
56172 posts

re: Oil companies question?
quote:

Do members of this board believe that it is in Oil companies best interest to continue to pump out oil and natural gas and not look for new alternative energy?
Yes.

In fact, NatGas remains so cheap that Oil Companies flare it to get to oil. At this point and for the foreseeable future (>50yrs), technology, costs, and alternatives do not favor AltEnergy as a palatable business option.

The more pertinent question at present relates to NatGas policy. Considering recent domestic resource discoveries, this administration's ignorance regarding NatGas approaches criminal stupidity.


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Bunk Moreland
Michigan Fan
Detroit, MI.
Member since Dec 2010
7906 posts

re: Oil companies question?
I read something once that all of the mergers (Conoco/Phillips, Exxon/Mobile, Royal Dutch/Shell) are basically a recognition that the oil companies understand they are in a twilight industry and needed to consolidate both to assist in finding/extracting more expensive and difficult to obtain energy resources, as well as to just flat cash in off of the merger process.


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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
27078 posts

re: Oil companies question?
quote:

Do members of this board believe that it is in Oil companies best interest to continue to pump out oil and natural gas and not look for new alternative energy?


All the majors are looking for different forms of energy. Just go on their websites and take a look. They are "investing in the future", if you will. It's just that fossil fuels are the most energy dense and we have the most infrastructure to deliver it at this point, thus making fossil fuels the most affordable. When fossil fuels' supply drops and becomes less affordable in relative terms, the next form of energy will simply move in.


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bleedinpurpleandgold
LSU Fan
919 and 225
Member since Sep 2006
533 posts

re: Oil companies question?
Does anyone that knows the internet have any good links with the information that they have provided? I challenge both sides of the argument.
This post was edited on 2/7 at 9:15 am


jonboy
LSU Fan
Member since Sep 2003
3367 posts

re: Oil companies question?
quote:

Exxon


quote:

deeply involved with alternative energy research


About $600 million worth of it.


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