Summary: Oil companies in America are starting to go green and invest in alternative ways of energy. This is partially because of government regulations, China’s demand on alternative technologies, and because Russia and Venezuela are pushing them out. But the strongest reason for these companies to be investors is the profitable business that they think this alternative energy can be for them.
Comment: As we already know from the previous presentations in class, oil is not going to last very long and alternative sources of energy are needed. But are these alternatives going to be functional by the time the oil is almost gone? How is the transition going to be? When are we going to see a significant increase? I don’t see in the near future a reduction of oil demand and I think that the significant increase in these alternatives should be seen already.