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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market
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To: LostHillsGuy who wrote (253)3/12/2000 12:30:00 PM
From: Salt'n'Peppa   of 275
 
Interesting quote by Sir John Browne (president BPAmoco), taken from a conversation in Fortune magazine.

Q: What about alternative fuels for cars?

A: It's too early to tell. Right now there are all these competing technologies: Fuel cells, methanol, or some form of hydrogen, which will require a whole new fuel infrastructure. One way of producing hydrogen is through natural gas, called syngas production. It's a very clean fuel, but you have to figure out what to do with the carbon monoxide you produce as a byproduct. But these technologies do work--they just need to be scaled up and made effective economically. We hope to begin producing on a small scale in Alaska.
But it is clear that we will have new, cleaner forms of gasoline and diesel. We already do. And they make good business sense. All things being equal, people prefer to buy environmentally friendly products. When we introduced our clean fuels in Atlanta, we saw an immediate increase in volume. That's given us a competitive advantage; none of our competitors are selling similar gasoline, but how long that advantage is sustainable, we don't know.

Well, Sir John, if you want to retain your competitive advantage, you'd better talk to Synergy. LOL!
S&P
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