Posted on: February 20, 2008 | about stocks: DBO / OIL / PBR / PBW / PUW / USO / XOM
By “Echo To All”: Bio & more articles
Big Oil is having a hard time replenishing their reserves and Wall Street is concerned. The concern is obvious, but playing devil’s advocate, does it really matter?
The WSJ’s recent article on Exxon’s (XOM) lack of new reserves states that XOM will run out of oil in a generation. That is about 40 years or so.
The last, and most recent, big oil find is controlled by Petroleo Brasileiro (PBR). Where does this level the reset of the industry… other than crying that Peak Oil has arrived, and the easy life is slowing ending? IMO, Big Oil will be forced to reinvent themselves. They should not be viewed as Oil companies, but instead, they need to view themselves as Energy companies, and attack all aspets of Energy.
That means a huge push into alternative energies, specifically to what oil is used for. By ignoring innovation, along with the lack of reserves, they are running down a dangerous course. Big Oil will fall victim to innovation the same way TV networks lost out to the internet.
Car makers are in no position to stop innovating. They see how well hybrids are selling in a crappy market, and they will keep pushing. If Big Oil does not step up, and change with the times, arrogance will kill them.
Too many former hippies have too much money, and their money is forcing disruptive innovation in all aspects of life. There is no more room for lobbiests and tax breaks.
A slogan that should be reinforced in every company should be ‘innovate or die’. Ultimately, that path has already started, but a generation is a good amount of time for Big Oil to get crack-a-lacking to redefine itself.
The U.S Governement should be concerned about this as well, as it threatens our way of life. (Unless politicians enjoyed the oil shocks of the 70s.) Legislation should be passed to force Big Oil to throw money at innovative technologies. For instance, give XOM a $50 million tax credit only if they truly spent $50 million toward alternative energy.
http://seekingalpha.com/article/65300-big-oil-s-big-problem-time-is-running-out?source=d_email
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
