Rockefeller Family Pushing Exxon to Go Green

[puerco-bellies]

Source: CNN Cable Service

80% of family pushing for a stockholders resolution to force Exxon to develop renewable energy technologies, and address global warming as a company.

Umm, a pig just flew by my window.

On Edit, corrected spelling of Rockefeller



No link yet.

[mainegreen]

1. Mixed feeling on this.

A) Yay! Green!
B) Do I really want Exxon to own patents on green technology? Ung.

I guess it's mostly yay as patent expire.

[rainy]

2. I just read an article yesterday that stated that big Corporations

are being encouraged to go a little green with huge hoopla advertising, creating the next bubble, clean energy, and making huge profits off the go green concept while they really still pillage the natural resources and exploit workers.

[rfranklin]

3. Isn't that the "Rocketfellows?"

or something like that?

[rainy]

4. The next bubble:

January 15, 2008, 11:55 am
As One Economic Bubble Bursts, Another Takes Hold
The next bubble in the U.S. economy should be taking hold right about now, entrepreneur and investor Eric Janszen writes in Harper’s Magazine.

After years in venture capital, Mr. Janszen now runs iTulip, an investment Web site premised on the idea that the financial sector has locked the U.S. into a damaging cycle of bubbles that are disconnected from the actual health of the economy. According to his theory, the finance, insurance and real-estate businesses survive by pouring capital into a sector, creating a self-fulfilling prophecy that asset prices will rise. When prices collapse back to their true value, financiers make up their losses by pouring capital into another sector and creating another bubble.

Where will the next bubble turn up? In Mr. Janszen’s view, the alternative-energy industry’s expansion is showing some of the same patterns that allowed values to swell far beyond their true worth during the dot-com and housing booms. For starters, green energy is popular with the media and with politicians – “energy security” has become a catchphrase for both Democrats and Republicans. It has received favorable legislation involving loan guarantees and subsidies, just as the Internet got a sales-tax amnesty in the 1990s and deregulation allowed banks to offer more credit to potential homeowners.

Finally, the industry is flush with fresh capital. The Internet bubble was inflated by irrationally exuberant venture capitalists and IPO investors. The housing boom exploded thanks to the packaging of securitized debt. In the case of alternative energy, venture capitalists seem once again willing to supply the new capital.

Still, without another bubble, Mr. Janszen says the financial sector would probably collapse under the weight of the losses it incurred under the previous bubble. “The only thing worse than a new bubble,” he says, “would be its absence.” – Robin Moroney

Permalink | Trackback URL: http://blogs.wsj.com/informedreader/2008/01/15/as-one-economic-bubble-bursts-another-takes-hold/?mod=WSJBlog/trackback/

[nels25]

11. I have come to trust the concept

that a person/company should produce a product or service.

Making money by pushing paper around never ends good for anyone but the uber rich who as always protected by the government.

I understand that a market economy is necessary, but good lord what happen to the umpire??

I sincerely hop their is a special place in hell for bankers of all stripes, and right behind them some big wig insurance types.

:mad:

[acmavm]

5. Should people rely on a cable news company that can't spell?

It's Rockefeller.

CNN - certainly not news.

[puerco-bellies]

6. The misspelling was mine not CNN nt

[acmavm]

8. Oh. Well, I wouldn't put it past 'em. They think they provide news.

Unbiased news, no less.

[JasonBlatt]

7. Can you say...problem solved: www.energystate.org

There is one BIG lie in the energy industry...and it is this:

"Energy security in the 21st century can be found through a diversity of energy sources....the time has come for solar, wind, biofuels, etc."

This is the biggest lie in the entire energy industry. It is specifically being hoisted to distract the populace from clear definitive solutions to energy security that have nothing to do with scarcity-of-energy dynamics aka the underlying pin of capitalism as currently constructed.

If you are unfamiliar with the ability of the ionosphere to be charged and the amount of energy it would produce.... I highly urge you to visit www.energystate.org

There is one simple solution...and it means charging the ionosphere in a multi-national consortium of socialist energy dependent nations and ending the energy industry all together.

It starts with a people's education movement....please pass the word.

[puerco-bellies]

9. Link to OP

http://money.cnn.com/news/newsfeeds/articles/djf500/200804300847DOWJONESDJONLINE000742_FORTUNE5.htm

[defendandprotect]

10. The suicidal Rockefeller's vs the non-suicidal Rockefeller's . . . ???

While it's of course good news . . .
They sat around long enough --- 30 years? --- while ExxonMobil did as much damage as they could to the environment and lied about it ---

PLUS spread decades of propaganda that GW wasn't real ---
We could have faced this in the 1950's and gotten the gas-guzzlers off our roadways and developed
alternative/renewalable energy sources.

Also, The Royal Academy of Scientist probably almost a year ago now blasted ExxonMobil for their
propaganda and lies re Global Warming --- and the money they spent on spreading that propaganda.

Once again, that also brings us to the NY Times and their unholy alliance with ExxonMobil ---
permitting them use of their Op-Ed pages for an Op-Ed-Ad-Editorial to lie to the public about GW,
while denying anyone over this time to comment on the "ads" because they were "advertisments" --!!!

[nels25]

12. In my college history course

I learned that J. D. Rockefeller was being interviewed toward the end of his life.

He was asked; considering all that you have done and all that you have, more than you could ever spend or use. How much is enough??

His answer was: "more always just a little bit more."

If this is a true story, than to me it represents a wasted life, full of wasted opportunity.
:shrug:

[defendandprotect]

13. Agree . . .

Plus, he seems to have also kind of invented a myth of his generosity ---
with advice from the propaganda genius Edward Bernays ---

http://en.wikipedia.org/wiki/Edward_L._Bernays

This long-term giving, of course, provides a big PR asset ---
and yet the family keeps control over the money.

[hatrack]

14. Yeah, THAT'LL work!

:eyes:

[Dont_Bogart_the_Pretzel]

15. Wait a minute...

Just how can a OIL company go green when there blood is black!?! :eyes: