Submitted by Sam Briz (not verified) on July 15, 2010 - 12:30pm.
What approach do you believe oil companies in the world should take as they are some of the biggest companies in the world employing thousands of people and moving a big part of the economy in certain countries, should they just shut down or change business just like that? I know efforts are made by some of these companies to aim for certain alternative fuels like ethanol and algee but this transition isn't aimed to completly replace fossil fuels not even by 50% in 20 years and this is because of the growth of energy demand worlwide due to economic growth and our dependance to generate those dynamics without eleminating completely the use of fossil fuels.
What approach do you believe oil companies in the world should take as they are some of the biggest companies in the world employing thousands of people and moving a big part of the economy in certain countries, should they just shut down or change business just like that? I know efforts are made by some of these companies to aim for certain alternative fuels like ethanol and algee but this transition isn't aimed to completly replace fossil fuels not even by 50% in 20 years and this is because of the growth of energy demand worlwide due to economic growth and our dependance to generate those dynamics without eleminating completely the use of fossil fuels.