Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades

By | January 27, 2016

  • January 27, 2016 at 11:40 am
    The future says:
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    Dream on Exxon, if you think our energy infrastructure is going to look pretty much exactly as it does today you are naïve and simply telling your shareholders what they want to hear. Technology will allow solar and wind to store energy in the very near future, making them viable in many more areas where wind doesn’t blow every day and where overcast skies come and go. Electric cars are becoming more popular every year, and the future of oil and gas is slowly dying in industrialized nations. Nice try though.

    • January 27, 2016 at 3:46 pm
      Dave says:
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      Drinking the Obama Kool-Aid I see. Were it not for government subsidies, loans, incentives and mandates the alternative energy industry would be much smaller than it is today. And with $19 trillion in debt and massive annual deficits of $1 trillion and more, the government will not be able to provide these incentives much longer. And with all off this, renewables are still under 10% while energy needs across the planet will increase substantially unless Obama’s policies continue to stifle economic growth. Oil, gas, coal and nuclear will continue to be the main provider of energy by a wide margin to anybody alive today for the rest of their lives.

      • January 28, 2016 at 9:59 am
        The future says:
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        This has nothing to do with politics, Dave. You clearly didn’t read my post clear enough: what is keeping solar and wind from growing is the constant need for wind and solar every day. Storing that energy will keep this need away, allowing the the sector to grow immensely. Don’t worry though, I am 25 and when your generation is six feet under we’ll make sure that the already ancient energy infrastructure is replaced with clean energy. I didn’t even vote for Obama, but I do care about the future of the earth since I have to live on it far longer than you do.

  • January 27, 2016 at 2:08 pm
    Perplexed says:
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    The Future – wonder why so many wind farms in my part of the state of Texas are closed down and abandoned?

  • January 27, 2016 at 3:01 pm
    UW Supreme says:
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    Okay, The Future…..I’ll bite.

    What’s your counterplan to Exxon Mobil’s, a multi-billion dollar, multi-national energy brand that is at the forefront of the sector? In their report, they did indicate that wind and solar is anticipated to be triple the current market size by 2040, which is actually accurate based on investments, R&D, and current products (not to mention a very sizeable increase). So yes, it is becoming more “popular” everyday, but the environmentalist lobby isn’t doing a very good job reporting the factual figures versus creating this ‘fairy & unicorn’ hype that it will turn energy on it’s head. It’s just not. Facts are facts. It’s growing, but the technology has a LONG way to go in terms of usability and affordability.

    The truth is that wind/solar technology has been in the market for decades and it is still only 1.5%-2% of the worldwide share.

    • January 27, 2016 at 3:47 pm
      Dave says:
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      Glad to see there is some sanity and understanding of basic economic principals on this thread.



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