Interesting interview with a Total oil exec from over the pond. He mentions that oil production will stagnate over the next 20 years. I wonder if all oil execs believe this to be true but refuse to admit this publicly. If this is indeed true, would the best business strategy be to just sit on the oil that is left in the form of "saving it," or is the smart money on finding new ways of producing energy? Hmmm.
The Total oil exec in the interview is advocating a "save the oil" mentality as a first means of easing the stagnating oil production problem. This is of course opposed to investing in the advancement of renewable energy sources. Yes, I think we should save oil and reduce our consumption. But the ultimate goal is to find other sources of energy that are renewable, won't hurt the planet, and where money can be made. Right? Why is it so hard for these oil execs to break out of the petroleum paradigm?
Moving toward a more sustainable, renewable, and efficient world.
How do we get there?
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