Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: jacq who wrote (2293)	9/15/1998 9:12:00 PM
From: Don Devlin	Read Replies (1) \| Respond to of 8393

CALSTART News Notes 09/15/98 - Texaco Says 'Traditional' Oil Firms on Way Out Houston, Texas - Texaco Chairman and CEO Peter Bijur says the days of the traditional oil company are numbered, in part because of emerging technologies such as fuel cells for transportation, reports Reuters. His comments came to attendees of the World Energy Council's 17th Congress in Houston. "I believe we are living through the last days of the traditional oil company," Bijur said. Among the things he sees forcing a change upon the oil industry are new transportation technologies - such as vehicles powered by fuel cells rather than gasoline - and countries with emerging economies that Bijur expects to "exert more control over their natural resources." Rather than take an ownership interest in oil efforts in new areas, he predicts the oil firms of the future will increasingly offer technical expertise. "An oil company's value will shift from the value of its reserves to the value of its knowledge," Bijan said.