Exxon CEO sees fossil fuel dominating beyond 2030 (*cough*bullshit*cough*)

[truthisfreedom]

Source: Marketwatch

By Steve Gelsi

NEW YORK (MarketWatch) -- Exxon Mobil CEO Rex Tillerson said fossil fuels will continue to supply the dominant portion of the world's energy needs until 2030 and beyond. Speaking at the oil giant's annual meeting, Tillerson said despite inroads by biofuels, wind and solar, the world may not move significantly beyond coal, natural gas and crude oil for 100 years. Tillerson said the company continues to support exploration of the Arctic National Wildlife Refuge. Shareholder Fr. Michael Crosby said recent models by the Massachusetts Institute of Technology said global warming may be happening more quickly than previously projected. "Exxon Mobil should put a warning on gas pumps about the risks associated with continued use of fossil fuels," he said

Read more: http://www.marketwatch.com/story/exxon-ceo-sees-fossil-fuel-dominating-beyond-2030

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Fossil fuels are the greatest danger to man's survival on the planet. What a piece of shit this Rex Tillerson is.

[Nicholas D Wolfwood]

1. Of course he's going to say that.

No CEO says "My product will be completely obsolete within a few years. Go buy stock in something else." If he were at all smart, which he apparently is not, he'd be leading the charge to see the company develop alternative solutions and help them continue to dominate the market.

Of course, if everyone were a visionary, it'd stop being so special.

[jgraz]

2. Translation: Exxon CEO sees bonus lasting until 2030

Can't we leave Gitmo open for these fucking criminals?

[liberal N proud]

3. If it does, the mankind will be doomed

If fossil fuel continues to dominate, the environment will be doomed and the economy will never recover.


No one mentions it but I think the $4+/gal gas in 2008 was a key contributor in the current economic crisis we are seeing today. It played the biggest factor in the Auto Companies demise.

[ck4829]

4. "the world may not move significantly beyond coal, natural gas and crude oil for 100 years"

Because we won't let it happen! That's what he's really saying.

[emad]

5. Pollution is a major killer. The links to earth's own cyclical ups and

downs in temperature may indeed be exacerbated by it. But I disagree that fossil fuels are the greatest danger.

However Tillerson IS a major shitbag regardless of being Exxon CEO.
I reckon he'd be a bastard whatever job he did or didn't do.

[jwirr]

6. His statement would not be so bad if that fuel were used to form the

infrastructure for creating the alternatives. What I mean is that much of the manufacturing going into solar and wind is still fossil fuel based and cannot be replaced fast enough to make the change if it is not used for that.

Buy telling us that life is going to go on as usual he is going to be to blame when we do not have the energy to create the new alternative infrastructure when it becomes an emergency.

[Old Coot]

7. We may not like it.................

but replacing fossil fuel will be a difficult, time consuming task. We need to explore alternatives and make a transition to them ASAP. But, we need to understand that fossil fuel may be a part of our economy for many years to come.

We can't snap our fingers and make the transition immediately. It will take many years.

As far as global warming goes, it will continue no matter what we do. All we can do is prevent it from being as bad as it might otherwise be in say 100 years.

[DCKit]

11. It wouldn't hurt if we acted, as a country, as if we were serious about making the change.

The mobilization for WWII could be our model. It's not as if we're using all those closed plants for anything else, so we may as well start building wind turbines and solar panels.

[Old Coot]

12. I wish it was that simple. nt

[Old Coot]

16. What we need to do to eliminate our need for fossil fuel:

Close down all existing oil, coal or gas powered generating plants. Replace them with alternative energy powered plants. Worldwide.

Worldwide, create whole new power grids to deliver power from the alternative power plants. This is necessary since wind and solar powered facilities will probably need to be located many miles from where existing plants exist. In my region, solar power and wind power is not very feasible.

Eliminate all land vehicles powered by gas or diesel. Worldwide.

Replace all above vehicles with electric land vehicles. Worldwide.

Add more alternative power plants to provide electricity for new electric vehicles.

Replace all heating plants using coal, oil or gas (in homes and commercial buildings) with new electric heating systems. Worldwide.

Add more alternative power plants to provide electricity for new electric heating systems. Worldwide.

Replace all gas operated appliances with electric. Worldwide.

Replace all ships with new ships using nuclear power. Electric or alternative power simply wouldn't be viable.

Eliminate all air travel. Alternative energy or nuclear won't work in planes. Worldwide.

Changing all of the above, worldwide, will be a long-term and difficult thing to accomplish. Who is going to pay for all of it? I hope not me. I can't afford much in the way of additional costs. The only sensible way of transitioning to alternative power is over time.

Understand that I am all for alternative energy but just believe it will take time to accomplish. Yes, it is already too late. The climate will change. Animals will go extinct. People will die. Civilization will crumble. That will happen no matter how long it will take. People, we are screwed.

[hugo_from_TN]

8. He's likely correct.

World energy use now is about 85% fossil fuel based. I think it is very unlikely for that number to go under 50% in only 21 years.

[RonHack]

15. Despite high energy prices today.......

.... we're cutting back on energy use, and have large reserves from every estimate that I have read recently.

The amount of energy use MAY JUST BE closing in on the 50% mark shortly, unless the job market improves shortly.

[dixiegrrrrl]

9. "for 100 years"

optimistic little fucker, ain't he?

[edc]

10. If the CEO of EXXON says it,

you can take it to the bank. It is the official energy policy of the ruling class.

[skoalyman]

13. He may be right I mean after all he likes oil on his waffles,

were else could he get mother earths sweet nectar at such a steal.

[RonHack]

14. Heh.....

...funny statement there.

No one trusts oil companies anymore, and no one trusts the banks either.

So what you're saying is, "If the CEO of Exxon says it, it's not even worth fertilizing with".

That, I can believe.

[Javaman]

17. I'm waiting for the day exxon pulls the rug. it will happen. and all those

delusional stockholders will be so surprised. willful ignorance is forced bliss.