Another look at oil

It seems to me that the big Oil Companies are thinking very short term.

And they are not the only ones…..

Think about the big mid-eastern producers, Saudi Arabia, Kuwait, Iran and Russia.

They are keeping the prices high.

Artificially so.

Kuwait and Saudi Arabia seem to forget who bailed them out.

But that’s okay. We remember.

What will they do they do when Americans can no longer afford to buy their oil.

And start taking their electric cars to work….

Or start using public transportation.

You know, at one time when people moved from oil light for their lanterns and home lighting, the oil industry didn’t know what to do. That was a hundred years ago.
It could happen again!.....

But the oil industry got lucky.

They were bailed out by the automotive industry.

What happens to the oil industry if everyone uses electric cars?

Have they thought about that?

Saudi Arabia has a fortune invested in the West.

What happens to their investment when we have to borrow more and the value of the American dollar goes down?

What happens to the big American oil companies? The processors?

Not that I care.

They’ve had their opportunity and they showed themselves to be greedy pigs.

Now, T Boone Pickens is moving to renewable energy.

And the smarter money is moving to alternatives.

GE has sold its major investment in plastics and packaging in order to increase its investment in renewables. So have other European giants who see the future apparently with greater clarity than our own government.

In the next ten years, I expect you won’’t see an SUV, a Hummer or an unnecessary truck on the road. They will become the dinosaurs when oil was affordable.

In the next twenty years, perhaps fifty percent of the fuel will come from grass plants and sugar cane.

In the next twenty years, new hybrids may make up half the marketplace.

And what will happen to Saudi Arabia and Iran once the oil goes?

And who will care?

That is if we get smart.

And do the right thing.


Les Aaron
The Armchair Curmudgeon