I remember the "Dino" guy.
Posted on 12/20/2011 11:46:59 AM PST by thackney
Oil giant BP is preparing to exit the solar industry entirely.
BP is preparing to wind down its BP Solar unit and sell-off the stakes it has in various projects around the world.
A document announcing the decision to the 100 employees who will be affected says changes in the solar industry have left BP unable to achieve sufficient margins in the sector.
It says the decision is made with regret after a “near 40-year commitment to solar energy”.
A BP spokesman confirms the move and says that over the last six months "regrettably we have come to the decision that we can't make solar viable for BP".
The spokesman says BP will engage with its various solar partners around the world and would aim to exit projects "in a way that leaves them viable".
The UK group had already pulled back from module manufacturing to concentrate on project development.
In July it shut its factory in Maryland, US, ending a process that saw some 460 US jobs cut over two years.
It had earlier axed manufacturing capacity in Spain.
In an interview with Recharge last autumn, Katrina Landis, chief executive of BP Alternative Energy said: “The Chinese have effectively commoditised manufacturing of PV panels. You simply cannot compete with China’s ability to produce PV panels that have the quality required to satisfy Western customers.”
BP’s interests in other clean-energy sectors, prominently wind and biofuels, are unaffected, says the spokesman.
Meanwhile, we the American taxpayers are heavily invested in solar, and we can't get out until we get the libs out of Washington.
I don't know why you think that. Searching for oil in East Texas goes back to the Civil War time period. Oil Springs was named after the oil forming on the water indians had used far before that.
Boynton from the Gulf Production Company brought together people in Rusk county to search for oil in 1911. Columbus Marion “Dad” Joiner drilled a couple wells without success before his historic well produced. I don't know why you consider this by accident.
The deeper these fields get, the more one wonders how the deposits got there.
You do understand don't you that these deep layers are still sedimentary layers? And the beneath sedimentary layers, regardless of how deep or shallow, oil and gas has not been found.
The BP, VP, in charge of bio-thermal methane gas, refined from the extremely pure unicorn shit, said that this business segment was going to become their most profitable division.
The VP of BP said they need to find a male and a female unicorn, get them to breed, and begin the centuries long project of collecting enough raw material required for commercial production.
He felt there was a better chance of the unicorn methane division reaching profitability before any of the other eco-friendly divisions, i,e, wind generation and hamster powered merry go rounds.
The VP from BP said that they will maintain it's oil and natural gas business as a fall back position until these enviro-friendly businesses reach the top of Jack's Bean Stalk.
THE HISTORY OF THE EAST TEXAS OIL FIELD
http://www.texasranger.org/E-Books/History_of_the_East_Texas_Oil_Field_(Silvey).pdf
This was the Master Thesis of Lucile Beard written in 1938, when the discovery of the field was still relatively current but the production had grown immense. Martial law was declared, overruled and the politics and economics became quite a mess.
Good. Nice to know someone in that company has half a brain.
I remember the "Dino" guy.
They knew solar was a loser years ago. They went along with it to look good and gobbled up write-offs.
Wildcatter were looking, not the majors. The proof is that the Majors were caught with their pants down. My Dad drilled some hundred wells as a contractor for Shell oil. He told me the geologists had had hunches, but that could not get a hearing in Tulsa. Even in those days, the Majors had the same divide between the bookkeepers and the men in the field that caused the BP disaster in the Gulf. As for the “politics,” it was a matter of getting to some engineer in Austin and crossed his palm with silver. Ironically, the only honest officials were some on the Federal Tender board. People were insulted when they wouldn’t take bribes.
Wildcatter were looking, not the majors. The proof is that the Majors were caught with their pants down. My Dad drilled some hundred wells as a contractor for Shell oil. He told me the geologists had had hunches, but that could not get a hearing in Tulsa. Even in those days, the Majors had the same divide between the bookkeepers and the men in the field that caused the BP disaster in the Gulf. As for the “politics,” it was a matter of getting to some engineer in Austin and crossed his palm with silver. Ironically, the only honest officials were some on the Federal Tender board. People were insulted when they wouldn’t take bribes.
Understand. If governments did not subsidize wind,solar,geothermal, bio-fuel, very few companies world wide would even put a dime into those programs.
No, oil as well as natural gas are abiotic, get it? They are produced and replenished naturally by the Earth. No dinos or planton required. Sheesh, wake up.
Oh yeah yeah...I forgot.
But wait, then why is it so "organic"?
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