Big Money and Mother Nature

Sure, there is a lot of oil and gas left out there for the driller’s bit (if you can wait long enough for a delivery of drill bits). But the deposits that the extraction companies will encounter will be smaller, further afield, and more expensive to develop and produce. The Anadarko and Phelps Dodge plays certainly illustrate another point, one for which T. Boone Pickens is equally famous: that you can still “drill for reserves on Wall Street.”

Interview with makers of “Who Killed the Electric Car?”

And to their shock, the car companies built probably the most advanced car Detroit ever built, and the most maintenance-free car. And when all the car companies were forced to do it, they realized that it threatened their business model. It also threatened the oil industry. So they wanted to dismantle it. (Wide-ranging discussion on many energy issues.)