11.08.2010

Gem of the day

The Wall Street Journal confidently explains to us the difference between Chevron's 'We Agree' campaign and BP's 'Beyond Petroleum'-fest:

"Beyond Petroleum" created unrealistic expectations about the demise of fossil fuels. In 2007, 10% of world energy came from renewables, mostly hydropower, according to the Energy Department. By 2035, they are forecast to represent all of 14%. Oil and natural gas are expected to still account for 52%; coal, 28%.
Chevron's adverts spell out that, when it comes to oil and gas "no other form of energy is as economical, as plentiful or as reliable."

Right.

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