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November 01, 2002

Oil holding on for all its worth (which isn't much)

Toyota plans all gas-electric vehicles by 2012. While this seems good on the surface, to me it just shows how much of a hold the oil companies have. We finally have fuel-cell vehicles coming out which have 0 emissions and run on the most abundant resource in the universe, and car companies are still talking about cars that run on gas. Whoop-die-doo!

There's always SVO (Straight Vegitibal Oil) conversion!

Posted by wonko at November 1, 2002 04:37 AM

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Comments

They're still talking about gas because going all fuel-cell would mean short-term losses for long-term gains. This is an impossible position for auto manufacturers to take at the moment, given the need to impress Wall Street each and every quarter. The economics and politics need to be thought out and revised before manufacturers will be able to affect change without going out of business.

Posted by: kasei at November 1, 2002 08:00 AM

Yes, and you just pointed out one of the major flaws of our whole system of economics. Wall Street. Digitial money, whos value has little to no actual relationship to what a company is actually doing. Yet, companies are driven by the 'market'. If one car company decided to put short-term gains aside for long-term goals, they would be completely dominant within 10 years. In reality, if one company started doing it, the others would get scared and follow suit.

Posted by: wonko at November 3, 2002 07:14 PM

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