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invest_mavin · The Mavin Papers by P. Mavin
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Vol. 4, no. 8 Delta, extreme(Fuel for Fire)...   Message List  
Reply | Forward Message #293 of 848 |
Our addiction to Oil.

"The scale advantages of oil and natural gas across a broad array of
applications provide economic value unmatched by ANY alternative."

-Rex Tillerson(ExxonMobil CEO)

'... hydrocarbons would continue to dominate the worlds
transportation sector.'

(source below)


'Americans consume so much gasoline that all the corn in the world
couldn't make enough ethanol to slake the nation's lust for
transportation fuels. Last year ethanol production used 12 percent of
the U.S. corn harvest, but it replaced only 2.8 percent of the
nation's gasoline consumption.'

http://abcnews.go.com/Technology/wireStory?id=2940742&CMP=OTC-
RSSFeeds0312

----------------------------------------------------------------------
The Huffington Post

'ExxonMobil's CEO, took time out a few weeks ago to give us all a
lesson. This, days after ExxonMobil reported the largest annual
profit ever realized by a publicly traded company. Speaking to energy
leaders and through the press and media to the rest of us, at a
conference organized by the renowned energy industry friendly
consulting firm Cambridge Research Associates.


He predicted that hydrocarbons would continue to dominate the worlds
transportation sector. "The scale advantages of oil and natural gas
across a broad array of applications provide economic value unmatched
by any alternative." No mention of the environmental costs, the
foreign policy costs in lives and billions(scratch that) trillions of
dollars nor the national security costs inherent in that "unmatched
economic value". ...'

-Raymond J. Learsy





Mon Mar 12, 2007 7:16 am

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Our addiction to Oil. "The scale advantages of oil and natural gas across a broad array of applications provide economic value unmatched by ANY alternative." ...
P. Mavin
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Mar 12, 2007
7:16 am
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