From the Desktop of
Perhaps things are not at a status quo with EXXON. Wonders never cease. Big-time oil gorilla, EXXON Corporations' good oil boys ("Oil" is spoken ole, in Texan) have authorized the investment of $600,000,000 bucks into a partnership with biotech firm Synthetic Genomics. This appears to be a top management reversal of position from the same folks that called the biofuel startups in Texas, "The Moonshine Industry."
Perhaps I'm being unfair, in my hair splitting, in that most biofuel is alcohol from corn and Genomics specializes in algae and pond scum that they have genetically enhanced and use to force produce biofuel byproducts from banks upon banks of digester tanks in industrial warehouses. This appears to be a serious, profit motivated effort to supply the growing demand for alcohol as additives in gas and biodiesel fuel, as well. Both endeavors support both camps of thought about liquid fuels. I.E., The camp which agrees that there is a global warming issue to address and the camp who see vehicle fuel as a strategic issue – secondarily to the question of capitalism's preference for profits and primarily as the need of energy for war fighting capability should the oil tankers stop coming to America. (Best-guessed to start around 2014).
Perhaps EXXON may even recognize that the U.S. Military, quietly but with intense determination, is building up ever growing numbers of vehicles of all types, including aircraft, to run on domestic bio-energy in case of a world disruption of these critical energy sources and EXXON is doing its part to make sure it has a piece of the pie. Perhaps what has tipped the balance for EXXON is its desire to remain a capitalist corporation which is under pressure from the fed to wake up and feel the heat of growing awareness that vehicle fuel is beginning to look like a strategic energy and the fed will definitely nationalize energy if the good ole boys don't wake the hell up and get on the bandwagon!
Perhaps many of the machinations by OPEC and ONGEC* who are muscle flexing in anticipation of testing out something big, are beginning to penetrate into the awareness of corporate level oil tycoons. OPEC and ONGEC member countries, dominated by oppressive political leaders with no love of America would use oil and natural gas to break the strangle hold America's got on the world in a second but for our strategic presence in the middle east. They will do so at some point, if these country's continue along the trends they have already established. At which point our country will nationalize our own oil and alternative energy production in the name of strategic national survival because these industries have failed to see the handwriting on the wall and made moves, yesterday, right now, to be ready for the coming Tsunami of change.
Perhaps it isn't such a leap to consider the oil and other energy businesses being Nationalized, in view of that being the case of the auto industry, the banking and insurance and mortgage underwriting industries…
Perhaps.
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*Organization of Natural Gas Exporting Countries
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