The future of Exxon-Mobil

What will the giant oil companies of the world do when production declines and what will they do when the black gold runs out entirely?

If the Arctic continues it’s recessive trend, the Exxon-Mobils will have a brief stay of execution with new-found reserves in the former great white north, but then what?

They may use their drilling expertise to mine gas hydrates at the bottom of the ocean. I have mentioned that this is really a bad idea.

Exxon Mobil is the largest company in the world and something should be done with their equipment and employees, most of the companies are American owned anyway so we have a personal stake in the future of the oil companies…imagine having to bail them out!

So the solution is Geothermal.

I don’t know if I’ve commented on this before but I believe that Geothermal is the best renewable energy resource we have.

-It’s unlimited

-It’s constant

-Requires small overhead to convert heat energy to electric

—We have perfected the technology of drilling!

Ok maybe it’s not perfect but if there is any technology we have improved to the utmost, it’s oil drilling.  Bottom line; drilling a big hole is how we harness geothermal energy.

So there’s your future big oil, you make a profit no matter what the price per barrel but someday those barrels will be empty.


4 Responses

  1. I heard something about Google embracing geothermal… if they make it work, you better believe there will be a mad dash to the earth’s core. They said something to the effect it’s over 50% more efficient than wind and solar combined.

  2. The post kind of helped me. Well How you get ideas for such posts. sorry if it’s out of topic.

  3. I agree with mastadonzq, 13 May 2009. Let the oil companies drill the geothermal wells…they are very good at that. I’m a retired petroleum geologist.

  4. […] burning carbon is bad, Chaos Theory and Laws of Thermodynamics Kite PowerHow to feed the worldAboutThe future of Exxon-MobilNatural Gas to hydrates for transport and back to gasTop 50 Environmental Engineering […]

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