Oil Economic Geography

Will the green movement erode the economics of big oil?

Because it is a rather controversial issue, please consider it from the business perspective ONLY.

Public Comments

1. Oil is eroding it´s own economics. We really should have had viable energy sources 20 years ago but the US is a market led economy and the Europeans are too afraid to do anything by themselves.
2. Anything is possible. Who would have thought (back in the '70's) Russia would fall.
3. The only way the green movement will erode big oil is if it has a large population backing it. People can talk about being green and drive a hybrid car, but until the majority of Americans turn their back on big oil and realize our addiction can it ever have an impact. I do my part, but I confess, for the most part, I am used to my lifestyle. Despite my efforts at being "green," I'm no where near ready to be totally independant of oil. It will take a great movement of people or a great tragedy to break our dependency.
4. no, China is getting to be a major consumer and seems to have no interest in ecology