WayneS

Why Exxon Should Significantly Increase its Dividend

In the early 80's, Exxon, instead of buying back shares, was hiring hundreds of people per month and investing in every alternative energy they could. All of a sudden, the bottom fell out of crude prices. 300,000 people within 100 miles of my house lost their jobs. My house was worth 10% of what I owed. My interest rate was 15.5%. What if, (since 2000) the oil business had followed the banks in investing in risky ventures? It took Exxon 20 years to recuperate. I'm glad I kept all of my 81-85 stock.


On Oct 09 10:07 AM bindlepete wrote:

> Is Exxon playing a game of low dividend =low stock price = more shares
> bought into their treasury? Is this manipulation? Is this good business
> and if so for whom? Management and their personal holdings until
> they decide to bump it and get out?

H.R. 1835: Legislation for Natural Gas Transportation

There was a lot of research in the 70's on "clean coal" i.e., coal gasification and coal liquification. We also made methane (NG) from CO2 and water. Are we starting over? I think "renewable energy projects" means that the same projects are renewable for grants every 10 years or so.

XOM is producing NG from coal beds in Colorado now.

Why do we call it 'green technology" when it is CO2 that makes the earth green? Reformulated gasoline makes your vehicle less efficient so it produces more CO2. Catalytic converters maximize the amount of CO2. (just trivia. Nothing to do with article)

We can save more energy through conservation than we can produce through "alternative energy."

"Cap and Trade" sounds like Enron. Selling a non-existent commodity.

I agree that we need to stop talking and utilize every avenue available to us. Great article.

Recession and Sliding Oil Costs Not Helping Boone's Wind Farm Plans

Fuel cells were first made over a hundred years ago.
How many more years will it take?

Recession and Sliding Oil Costs Not Helping Boone's Wind Farm Plans

John
My comment was that each of us can get better fuel mileage
and save money every day. Carpooling was an after thought.
I worked for ExxonMobil for 28 years and they incouraged carpooling.
Yes, we had to go in early and leave late. If one of us had to work
more than a hour late, Exxon paid our taxi to get home.
Also, we got free parking next to the building.

Recession and Sliding Oil Costs Not Helping Boone's Wind Farm Plans

People learning to drive economically would reduce foreign oil dependence more than wind and solar combined at no cost. The average driver wastes 25-40% of the fuel they purchase. You can almost double your mpg by carpooling with one other person, too. I got over 60 mpg in my Dodge 3500 dually by sharing driving with 3 other people.