sierraclub.org - sierra magazine - july/august 2012 - grapple: the universe of oil
Can I See Your ID? | The Universe of Oil | Fuzzy, Sexy Killers | Greenwashing Golf |
The Sock Gremlin | On the One Hand ... | Shredded Paper Will Save Us | Up to Speed
The Universe of Oil
Peter and Maria Hoey
"It's time oil companies get behind the development of renewable energy," claims the ad from Chevron, the second biggest U.S. oil company. Chevron's competitors also tout their investments in renewables. But according to a study by the Natural Resources Defense Council, for every dollar the industry spends on renewables, it spends $522 on finding and producing oil. In the solar system of oil industry economics, renewables are a tiny moon. Figures are for the years 2006 through 2010. —Paul Rauber
Fuzzy, Sexy Killers