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Technology Stocks : Energy Conversion Devices
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To: Allen Bucholski who wrote (7978)5/30/2005 6:42:05 PM
From: Krowbar  Read Replies (1) of 8393
 
Strip out the handouts, and investing in wind and solar energy would be nonstarters, the manager of Exxon's energy demand and supply forecasting division told Reuters last week.

"It's an uneconomic niche and our business is not built around the expectation of a bunch of subsidies to make a profit," said Scott Nauman, manager of the economics and energy division at Exxon. "We want a business that is robust on its own merits."

Oh, really? Has he computed the costs of our military to protect their overseas supplies and keep them flowing, the damage to the environment and our health? Hasn't the oil industry always enjoyed tax breaks and other subsidies? OK, let's have a level playing field and charge those costs in each gallon of gasoline.

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