Comments on: Rockefellers Back Exxon Shareholders’ Demand for Alt Fuel Future

By: seabrjim

seabrjim — Wed, 28 May 2008 01:57:56 +0000

The $7500 metro people will be the next idiots after the diesel knuckleheads. Dont be rash, the prices will stabilize as more jobs disappear. The greatest country in the world. Not.

By: SherbornSean

SherbornSean — Wed, 28 May 2008 01:47:20 +0000

seabrjim,
Apparently, 10 year old Geo Metros are selling for $7,500. In this kind of world, a $12K Aveo rebadged as a Pontiac makes sense, I guess.

By: seabrjim

seabrjim — Tue, 27 May 2008 22:38:51 +0000

She is an environmentalist, a philanthropist, and from the looks of it another planet. Sorry. Couldnt resist. Maybe she, along with Rottenbob, might be the only two people wanting to buy a Pontiac G3.

By: Juniper

Juniper — Tue, 27 May 2008 22:01:09 +0000

If companies like GM and others had major stockholders telling the board to spend more time looking toward what the future might bring, they may be a lot better off now. After all, the company does belong to the shareholders.

By: Robert Schwartz

Robert Schwartz — Tue, 27 May 2008 21:28:04 +0000

Why do they think that Exxon would be good at any of the things they want it to do.

They should be happy that Exxon knows how to run the business that it is in. There are a lot of companies that don’t have that knack.

If they think that capital should be invested in alt-fuels, or shoe manufacture, or any other business, they can take the dividends and sales proceeds from their Exxon stock, and invest that money in whatever they want to invest it in.

In summary, the answer to the Rockefellers is: “Put your money where your mouth is.”

By: RedStapler

RedStapler — Tue, 27 May 2008 19:29:04 +0000

This alternative energy push has happened before. Oil companies flush with record profits invested in all sorts of technologies.

The last time oil was north of $100/bbl Arco got into the photovoltaic business. It fizzled for a while then they sold it off to Siemens, who sold it to Shell.

At some point in the future other drive train technologies besides Internal combustion are going gel and have mass market appeal. The trick is guessing WHEN. Arrive too early and you will have a cash sucking underperformer.

While solar electricity is not ready for prime-time yet, wind farms could be a good diversification strategy for EM.

By: AJ

AJ — Tue, 27 May 2008 18:28:28 +0000

I’m sure the Rockefellers are all driving hybrids! Right, as soon as someone builds hybrid limos! Their nothing but elitists.

By: Orian

Orian — Tue, 27 May 2008 17:14:25 +0000

Or better yet they realize that profits like this may not last forever so invest now before it is too late to do so.

By: guyincognito

guyincognito — Tue, 27 May 2008 16:28:11 +0000

@ seoultrain:

Ding! Ding! Ding!!!

By: Robert Farago

Robert Farago — Tue, 27 May 2008 15:47:32 +0000

tree

Misplaced decimal. Text amended.

By: tree

tree — Tue, 27 May 2008 15:39:56 +0000

That’s $11.7b profits, not $117b :O.

By: seoultrain

seoultrain — Tue, 27 May 2008 15:37:04 +0000

Translation: “Hey, why can’t we fleece the environmentalists by selling them ripoff green technology like everyone else?”