Opinion: Oil companies’ reluctance to invest in renewables is paying off — for them
Halliburton CEO Jeff Miller, left, Chevron CEO Mike Wirth and ExxonMobil CEO Darren Woods are introduced during a panel on the first day of the World Petroleum Congress on Monday, Dec. 6, 2021, at the George R Brown Convention Center in Houston.Republicans clash with Interior Secretary on offshore leasing
,” : The lead article in your Business section was quite enlightening — yet disappointing. The attitude of our GOP senators is not gas-consumer friendly in the least bit. I found Sen. Bill Hagerty’s statement “Oil and gas companies are not investing right now because the environment has been terrible for them” very misleading — at best. This statement is very misleading in light of the huge profits made by the major oil companies. Shell posted a $9.1 billion profit; ExxonMobil $8.
U.S. oil and gas is produced in a safer, cleaner and more reliable manner than many of our foreign counterparts. To put a halt to the new and emerging technologies that will continue to reduce emissions in domestic production, while enabling expanded production to supply the global market in a cleaner manner, is extremely shortsighted and could leave our energy security much more vulnerable to price swings in the market and geopolitical and production crisis.
,” : Years ago, in an effort to save customers the expense of building another generating plant, Pacific Gas and Electric gave low-income households free, energy-saving, compact fluorescent light bulbs. Today, LED lights are even more efficient. How much energy could be saved if ERCOT sponsored a program to give free, or highly discounted, LED lightbulbs to all Texas households that don’t already have them? Buying hundreds of thousands of bulbs at a time would drive down the cost.
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