What if oil companies don't even believe in the future of oil anymore?
This is not just any oil company I'm talking about. This is one of the multi-billion oil majors that is starting to invest in alternative energy sources. To be exact: $8 Billion per year (according to them), which is really considerable if you look at what they make per year: $22 Billion income (according to wikipedia.org).
Think about what that means for the oil industry and what it tells about the oil reserves.
Read up on bp's webpage about this.
Thursday, January 31, 2008
BP: Beyond Petroleum
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1 comment:
just trying this out... apparently I don't have access to my own blog anymore :-(
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