Fuel is not the major use of oil. And you still need oil to run alternative fuel cars. I hate being at odds on items with you because you have been a good sorce of info for me on this stock for a long time, but when I see people say things like that about oil I really question there understanding of what oil really means to the modern world.
Here is what I agree with. If we are not going to drill for our own oil in the States, then we are going to have to find a way to stop getting 30% of our oil from the Saudi's...
Also point of fact - we get a majority of our oil from Canada, this is one reason we do not stop buying oil, it would harm a country on our own side of the world.
Oil is not the enemy of alternative fuel. Poor public relations is. Saving the world is a bad market plan for any product (just ask Captin Planet - lame cartoon!
Finding the energy of the future that is cost effective is a better plan if you ask me. Besides, no one is going to win a fight with big oil. It is like trying to tell somone that Gold has no value. Being that alternative fuel is more costly then oil does not help either.
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