Nothing will replace oil as #1 fuel source

[dan_s]

Exxon CEO: Oil Will be Top Energy Source for Years

The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world’s leading source of energy for another quarter century. CEO Rex Tillerson says natural gas will surpass coal as the second most heavily used fuel. Tillerson made the comments Wednesday at the company’s annual shareholder meeting. About 15 people protested outside the meeting hall, charging that Exxon was not doing enough to reduce climate change and develop alternative sources of energy to burning oil and natural gas. Shareholders were scheduled to vote on a resolution urging Exxon to set emission-reduction goals from both its own operations and the use of its products. Tillerson said that the Irving, Texas, company has reduced greenhouse gas emissions over the past five years, which he said was equal to taking nearly 2 million cars off the road. Exxon Mobil earned $32.6 billion last year, a decline of 26 percent from 2012. Revenue fell 9 percent to $438.3 billion. Exxon shares gained 17 percent last year; they have been flat in 2014. But, as it has for several years, the environmental debate crowded out the financial one at the annual meeting of the nation’s largest oil company.

http://fuelfix.com/blog/2014/05/28/exxo ... for-years/

[setliff]

its nice to see Tillerson pushing back for a change.

[dan_s]

NOTHING can come close to matching the scale of the energy we get from oil.