New Fuels Looks Hopefull
Throughout reading this article it reaches out to me being a Petroleum major that new fuels are the future. Petroleum will remain a huge part of the fuels around the world and that wont change, but on the other hand we will start having a increase in alternative fuels such as the biomass's that the article speaks of. This will help cut down on some of the prices of oil since the demand might decrease. I think we will always have industry in foreign lands simply because we have to go where the oil is and if its out of this country were going to go get it. I do think that the alternative fuel idea is in genius considering most of the major oil company's have already taken to it. I have worked for Chevron and Anadarko Petroleum corporations and I can clearly see that they are pushing for finding better ways to create alternative fuels that are more and more efficient to the economy and environment.
2 comments:
[This comment is by Chunzi.]
One way of lowering the price of cars is saving gas! As the natural resources are reducing day by day and they can’t be reproduced, one of the best way for human being’s auto motor industry is finding out new fuel and new technology on saving natural resources. Alternative fuel I believe will work as firstly it’s a clean resources and it won’t pollute the environment, secondly the cost of this new technology would be much cheaper than oil.
I believe we can also mention negative externalities in this situation. In a political sense, wars are already fought over water resources. With regards to oil, a lot more resources can be saved in the future. This includes human resources and overall technological progess. Guns or butter!
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