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Big Oils Business Model Is Broken


Environment  (tags: energy, Big Oil, falling prices and demand, environment, destruction, ecosystems, protection )

AWAY AWHI
- 1586 days ago - grist.org
There is, however, one reason thatâEUR(TM)s not being discussed, and yet it could be the most important of all: the complete collapse of Big OilâEUR(TM)s production-maximizing business model.



   

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Comments

Animae C (508)
Thursday March 19, 2015, 5:11 am
T.Y. Cal
 

Rhonda Maness (580)
Thursday March 19, 2015, 12:22 pm
Thanks Cal
 

Walter F (129)
Thursday March 19, 2015, 7:38 pm
It is good to see the big oil companies having to tighten. their belts They have slugged us with excessive prices for years .
 

Ed Site Issues V (198)
Friday March 20, 2015, 12:48 am
Signed & Noted, Thank you
 

Past Member (0)
Friday March 20, 2015, 1:59 am
I have no sympathy for these companies they have been robbing us for decades.
 

Sylvie A (190)
Friday March 20, 2015, 2:53 am
Thank you.
 

ewoud k (68)
Friday March 20, 2015, 4:16 am
To limit global warming to-an in fact, unachievable goal of- only 2 degrees, TWO THIRDS of all known reserves of fossil energy should remain where it is right now, way down under our feet.

Continuing oil consumption as we're doing right now will have ONE outcome: there'll be not one of us humans left to regret it.

Thanks for posting Cal
 

BackSoon Fowler (33)
Friday March 20, 2015, 6:29 am
Fossil fuel needs to be a thing of the past. We are killing our planet!
 

Past Member (0)
Friday March 20, 2015, 6:35 am
comment
 

Past Member (0)
Friday March 20, 2015, 6:35 am
star
 

Past Member (0)
Friday March 20, 2015, 6:35 am
comment
 

Darren Woolsey (218)
Friday March 20, 2015, 7:09 am
Shared.
Proof that nothing is permanent.
Thanks Cal.
 

Ana Lopes (92)
Friday March 20, 2015, 7:18 am
ty
 

Past Member (0)
Friday March 20, 2015, 7:37 am
Noted
 

Lona G (66)
Friday March 20, 2015, 10:03 am
Let's hope that oil prices continue to fall for some time to come, because that'll prevent Big Oil from going after "tough oil" and drilling the arctics and fracking the rest of the planet to pieces, all to maximize profits. In the meantime it is our responsibility too to minimize the demand for fossil fuels and to demand green energy instead. We are just as much a player in this game, and we shouldn't be lured into buying bigger cars again or using more electricity just because the price is going down.

Fossil fuels should stay in the ground, yes, and we should all do our bit for it to be left there.
 

. (5)
Friday March 20, 2015, 11:59 am
ty
 

Birgit W (160)
Friday March 20, 2015, 12:34 pm
Ewoud K. and B. Mutiny say it all. Thank you.
 

Hartson Doak (39)
Friday March 20, 2015, 1:09 pm
I fear that this coming too late. The CO2 and methane levels will continue to increase. It appears that the Earth's equilibrium has been upset. The world will loose it's ice, the oceans will rise, civilization as we now have it will collapse. Mother will correct the balance by reducing the human population . Maybe by the 2/3rds as mentioned in the Bible. People will become farmers again, living in small cities of 60 to 100,000 people surrounded by the land that will sustain it.
 

Lois Jordan (63)
Friday March 20, 2015, 1:24 pm
Noted. Thanks for posting, Cal. I hope the price of oil continues to drop; prices of everything have been raised due to high prices of gasoline far too long. Meanwhile, we have to continue our push for everyone to divest from fossil fuels and invest in green, renewable energy.
 

Janet B (0)
Friday March 20, 2015, 2:31 pm
Thanks
 

Roslyn M (26)
Friday March 20, 2015, 2:32 pm
Noted
 

Mary Donnelly (47)
Friday March 20, 2015, 3:14 pm
Thanks.
 

Dianne D (490)
Friday March 20, 2015, 10:21 pm
I tend to agee with Hartson Doak. So it is written. So it will be.
 

Miriam AWAY Site issues (61)
Sunday March 22, 2015, 7:41 am
Thanks for sharing Cal. Noted.
 

Elizabeth M (65)
Sunday March 22, 2015, 1:35 pm
Great article, thank you Cal. Noted and shared. I know that the Tar Sands investors are suffering, when I read about over 1,200 employees being let go in one day. Wonder how the Koch Brothers feel now, after buying up so much real estate hear in Alberta's Tar Sands. Our Prime Minister Harper put out a new bill C-51, some of it is taking away our rights to disagree on environmental issues, especially the pipelines. I would be one of the hundreds, even thousands of environmental activists that can be labeled 'environmental terrorists'. Canada needs to keep the dirty tar sands in the ground and turn to solar and wind as we will never meet a global goal for Climate Change what with all the pollution of so many of our industries, still fracking (using fresh water), logging the old growth forests as fast as they are allowed- and on and on. I do not feel sorry for the huge oil companies at all, they have made their billions of dollars and left a big mess.
 

Barbara Tomlinson (431)
Tuesday March 24, 2015, 11:16 am
MY EARLIER POST WAS DELETED BY CARE2.
Here it is AGAIN, with additions:

LEAVE ALL FOSSIL FUELS IN THE GROUND.
80% of Fossil Fuel Reserves must be LEFT IN THE GROUND
if we are to avert Climate CATASTROPHE due to Global Warming.

NO MORE drilling, coal mining, fracking,
and transporting, leaking and spilling and exploding,
and BURNING and spewing into the Atmosphere.
NO MORE exploration for new sources!
This should be Environmentalists' MANTRA:
LEAVE FOSSIL FUELS IN THE GROUND.

This will take a Major Effort comparable to the U.S. switching from Civilian Consumer Goods to War Production during WWII. An even greater effort! But necessary - and where there's a Will there's a Way.
 
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