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Originally Posted by pan6467
I love the idea and belief that companies do not need to throw big money into research and development.
Thinking like that would have had us still driving Model T's, a DOS OS for pc's, we'd have never reached the moon and flat screened tv's we'd be lucky to have color.
But BP is big oil and we KNOW oil will be our main power source forever, it's clean, plentiful and cheap and so BP doesn't need to throw any money at all into R&D. Hell, 1 billion is far too generous..... I say screw the R&D and let's not put anything in and that way when someone does come out with a newer source of energy we have the money to buy the rights and patents out from under him.
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No one stepped in and forced Ford to improve on the model T or Microsoft to improve (loosely defined
) PC operating systems. Ford improved the Model T because they wanted to sell more cars. Microsoft upgraded operating systems because they wanted to sell more software. And big oil is researching "alternative" energy because it sees that oil will eventually run out and it doesn't want to die with the oil reserves.
We don't need government to tell the oil companies to research hydrogen fuel sources. In fact, it would do harm to the energy future if government did that, since hydrogen is a bullshit dead end.