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View Diary: Fossil Fuel Uncompetitive in Germany; Plants to Shut Down (255 comments)

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  •  People who run fossil fuel companies (1+ / 0-)
    Recommended by:
    cordgrass

    are experts in fossil fuels which have no relationship to renewable energy. The only thing the Kochs of the world (or Shell, Chevron, Exxon) would bring is low cost of capital which isn't a long term competitive advantage. They have no expertise in utility scale wind or solar facilities, the solar panel business is a commodity business that's in the tank, the wind turbine business already has big multinational manufacturers, and the installation of residential solar and wind is a service business that's labor intensive and hard to scale. It makes no sense for any of the big oil and gas companies to be in the renewable business although a few are for PR purposes.

    The world will be using lots of oil and natural gas for another generation. If at some point there isn't enough demand for the big oil and gas companies to continue they will just start looking like a liquidating trust and send the cash to shareholders. Currently Big Oil uses its cash flow to buy lease rights and explore and develop new oil and gas deposits. When they stop doing that they can generate a lot of cash to send to shareholders or repurchase their stock. It makes no sense for them to re-invent themselves.

    "let's talk about that"

    by VClib on Sun Aug 18, 2013 at 08:37:58 PM PDT

    [ Parent ]

    •  This is patently not true. (0+ / 0-)

      And you shouldn't be posting it.

      Take BP, they have BP solar, which purchased the preeminent solar jewel, Solarex. which included the world's first solar breeder. Oil companies buy up and own the tech for all sorts of alternative and renewable energy. They sandbag it. They suppress it, but they have gobbled up the majority of it.

      •  WiR -I think you help make my point (1+ / 0-)
        Recommended by:
        Lawrence

        Oil and gas companies shouldn't be in the alternative energy business. I have been an investor in alternative energy since 1988 and, while BP has made a big investment in solar, I haven't see Big Oil play much of a role in the alternative energy technology space in the US.

        "let's talk about that"

        by VClib on Sun Aug 18, 2013 at 09:48:01 PM PDT

        [ Parent ]

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