SUBSIM Radio Room Forums - View Single Post - Tesla: ‘There’s almost no reason to have a gas car’

vienna · 04-07-21, 10:56 AM

Ahh, but a technology that directly affects the size of their profits would be, to them, relevant, indeed...

I recall how, when solar energy, in the form of solar cells for electric generation, was first floated back in the late 80s, the Big Oil companies went into a frenzy of CYA actions to hedge their bets; ARCO (Atlantic Richfield Oil Co., now part of British Petroleum [BP]) even went so far as to set up several dummy shell corporations offshore to invest in or gain controlling interest in copper mining in South America since copper was a major component in the manufacture of solar cells, and ARCO was not alone in such actions/activities; it may be time for Big Oil to seek likewise 'off-product' investments...

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04-07-21, 10:56 AM	#84
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,507 Downloads: 85 Uploads: 0	Ahh, but a technology that directly affects the size of their profits would be, to them, relevant, indeed... I recall how, when solar energy, in the form of solar cells for electric generation, was first floated back in the late 80s, the Big Oil companies went into a frenzy of CYA actions to hedge their bets; ARCO (Atlantic Richfield Oil Co., now part of British Petroleum [BP]) even went so far as to set up several dummy shell corporations offshore to invest in or gain controlling interest in copper mining in South America since copper was a major component in the manufacture of solar cells, and ARCO was not alone in such actions/activities; it may be time for Big Oil to seek likewise 'off-product' investments... <O> __________________ __________________________________________________ __