123andy

Can Big Oil Balance Shareholder Interest Against National Interest?

I really would not want "Big Oil" investing my money (through stock holdings) in alternate energy. They have a track record of poor performance (see Exxon's past investments in this area as well as lousy performance by BP and Shell, despite their advertisements to the countrary)) and I would much rather see new businesses emergy in which I will be investing. Transition to an alternate energy scenario first requires new and efficient technology. Investing in currently available and ready to commercialize technology is a lousy deal, they are simply not ready now, but will be with additional R&D&E in the next 5-10 years. Then they can start to grow and will require trillions of investment to be serious players. The transition period, some 20-30 years at least will require significant new fossil fuel energy sources and I would rather have oil companies focus on what they are good at, finding and producing and delivering those resources.