Quote:
Originally Posted by roflwaffle
Well, economists too. Getting oil out of rock isn't exactly cheap or efficient. The owner of the process can go on about $20-$30 per barrel oil till he's blue in the face, but if it was really that cheap companies would be all over it.
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Not necessarily.
Companies like to own the rights to the technology, and not have to pay royalties.
Case in point. A couple of independent engineers developed a led that put out warm light
several years ago. However the independent engineers wanted $.01-$.015 cents royality per led. SYLVANIA and other large companies balked because they said they would develope their own warm light technology. Besides that, they are presently heavily invested and producing other means of lighting that would then become more or less meaningless.
As far as independent oil companies go,not many are that brave or stupid. All it takes is for the big boys to reduce the price enough to squeeze them out of existance. Then buy them out for pennies on the dollar and shelf it till they are forced to use it, if ever.
All this talk about peak oil is bull$hit.
The truth is...
It's all about control.
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