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If I wasn’t clear in my previous post I think XOM is damned if they do and damned if they don’t. The future is not oil but energy, I see the other oil companies like BP and Shell moving more towards alternatives but I don’t see much from XOM (doesn’t mean its not happening I just don’t hear much of XOM). But without their distributing stations, how can they sell their product (energy) in the future. There will be no Mobil brand H2, it will be elementary pure and can be derived from water using electricity, something anybody can do. Bio-Fuels seem to be the realm of the independents and unlike minerals below the ground that you can buy rights to and deny others access to, crops or algae can be grown anywhere and are freely traded. I don’t think XOM will be the wealthiest corporation in the world in 20-30 years.
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