How ExxonMobil Is Planning For A Future Of EVs

แชร์
ฝัง
  • เผยแพร่เมื่อ 1 ต.ค. 2024
  • In this interview conducted for CNBC’s documentary, ExxonMobil at the Crossroads, CEO Darren Woods reveals why his company predicted that by 2040 all new passenger car sales would be electric. He also talks about the low carbon solutions ExxonMobil is investing in, climate change, governmental policy, oil demand and more in this extended interview with CNBC’s David Faber.
    » Subscribe to CNBC: cnb.cx/Subscri...
    » Subscribe to CNBC TV: cnb.cx/Subscri...
    About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
    Connect with CNBC News Online
    Get the latest news: www.cnbc.com/
    Follow CNBC on LinkedIn: cnb.cx/LinkedI...
    Follow CNBC News on Facebook: cnb.cx/LikeCNBC
    Follow CNBC News on Twitter: cnb.cx/FollowCNBC
    Follow CNBC News on Instagram: cnb.cx/Instagr...
    #cnbc
    How ExxonMobil Is Planning For A Future Of EVs

ความคิดเห็น • 646

  • @Knoar
    @Knoar 2 ปีที่แล้ว +200

    What a long advertisement

    • @jefferyjeffery1707
      @jefferyjeffery1707 2 ปีที่แล้ว

      Yep....!! He completely left out. That governments are also phasing heavy duty transportation fuels out also. And that as solar and wind energy develop. It will also convert water back to Hydrogen!! And that does not need oil at all!!
      In addition....40% of the corn crop is grown for the energy business... just to be used to make alcohol. Which is then blended with gasoline, to make gasohol!!!
      And as gasoline engines disappear...40% of the corn crop is not needed!!! And as such....farming is downsized. In which, farming practices itself, also accounts for almost 40% of the world's global warming games.
      I have a large farm...And am already planning to move away from growing corn. And I also used to work at the corporate level for ExxonMobil...!!!

    • @T4KKFI
      @T4KKFI 2 ปีที่แล้ว +4

      I swear i didn't hear MSNBC ask this CEO if he believe in a gloabal climate sustainability. Im just ready for the day everyone has to suffer. I feel the weather GA nowadays and you won't catch me having a heat stroke from wasting energy and talking. I'm a bee as realistic as possible i have umbrellas in this weather seriously. The weather is A1 though I'm not talking out there caught in that sun and it's official black people can get skin burned smfh

    • @Thelango99
      @Thelango99 2 ปีที่แล้ว +6

      @@T4KKFI This is CNBC, not MSNBC. I am inclined to believe Darren would be a part of driving a cost-effective way for arriving at sustainable solutions.

    • @jefferyjeffery1707
      @jefferyjeffery1707 2 ปีที่แล้ว +4

      @@T4KKFI Yep....👍
      Even in the midwest.....its becoming to hot to grow corn. As corn likes mid-80's temp. But pushing into the 90's is not good.

    • @Tython_
      @Tython_ 2 ปีที่แล้ว +1

      😂😂😂😂

  • @joejoey7272
    @joejoey7272 2 ปีที่แล้ว +55

    So basically this is a large advertisement for Exxon’s greenwashing campaign

    • @james3440
      @james3440 2 ปีที่แล้ว +1

      Your comment without proof is frankly just as bad.

    • @TheFlagUnit
      @TheFlagUnit 2 ปีที่แล้ว

      @@james3440 no they actively knew and denied climate change via fossil fuels

  • @petername2608
    @petername2608 2 ปีที่แล้ว +14

    Is this a joke

    • @jasonrock5220
      @jasonrock5220 2 ปีที่แล้ว

      Yes sir,
      This is the biggest joke perpetrated in American history. It’s called “man-made” global warming. The greatest guilt trip ever that was designed to increase energy costs and make people voluntarily pay more money for less energy.

  • @spiffyh
    @spiffyh 2 ปีที่แล้ว +148

    We already have a carbon capture system. It is called plants. But what he is talking about is an industrial carbon capture system so that they can extract MORE money from the problem they created in the first place.

    • @Patmorgan235Us
      @Patmorgan235Us 2 ปีที่แล้ว +20

      execpt we've dug up/pumped out trillions of tons of carbon out of the ground. it took millions of years for that carbon to be sequestered there. Plants are not sufficient.

    • @fritzstauffacher6931
      @fritzstauffacher6931 2 ปีที่แล้ว

      The problem they created? Lol everything you use is from fossil fuel. We got to work together not point blame on the engineering that fuels the modern world.

    • @joejoey7272
      @joejoey7272 2 ปีที่แล้ว

      Carbon capture is just greenwashing , it’s a way for these companies to pretend like they are doing something

    • @idontcare6662
      @idontcare6662 2 ปีที่แล้ว +5

      The amount of plants we currently have aren't yes, however it is effective and If we built our cities and towns to be more pedestrian friendly and left more nature in urban areas, yea it would make a big difference actually.
      Among many other things we aren't doing, it's all talking heads and nobody doing.

    • @PG-3462
      @PG-3462 2 ปีที่แล้ว +26

      It's not the problem that THEY created, but that WE created with our lifestyle and behaviors. You can't blame Exxon for producing something we all overconsume on a daily basis.

  • @gopalrathi9810
    @gopalrathi9810 2 ปีที่แล้ว +11

    Here we go again with propoganda

  • @DanA-nl5uo
    @DanA-nl5uo 2 ปีที่แล้ว +9

    With all the hot air he is blowing he should look into wind power he could definitely provide the fuel for a few wind turbines in this interview alone.

  • @johnthompson7548
    @johnthompson7548 2 ปีที่แล้ว +4

    Nice commercial for Exxon

  • @matthewhenrysmith7498
    @matthewhenrysmith7498 2 ปีที่แล้ว +5

    Absence of nuclear in this conversation is telling.

    • @bellamafiaquackafellarecor7770
      @bellamafiaquackafellarecor7770 2 ปีที่แล้ว

      @@IOFLOOD “only good for baseload power” - as if that’s a problem? The problem with wind and solar is that they can’t produce consistent dnergy

    • @Son37Lumiere
      @Son37Lumiere 2 ปีที่แล้ว

      Nuclear has always been a dead end for a large number of reasons that always get glossed over and ignored by nuclear advocates.

  • @slimjim3229
    @slimjim3229 2 ปีที่แล้ว +50

    Geothermal is the most overlooked option out there. It time it gets more attention. It can help.

    • @robitmcclain6107
      @robitmcclain6107 2 ปีที่แล้ว +1

      DOE is investing in using enhanced geothermal using depleated gas wells.

    • @ivywhite9589
      @ivywhite9589 2 ปีที่แล้ว

      Nuclear power is best, but nukes are used to distract from it.

    • @ivywhite9589
      @ivywhite9589 2 ปีที่แล้ว

      The world has been at war for a long time, WW1 & WW2 is used to distract from that.

    • @bellamafiaquackafellarecor7770
      @bellamafiaquackafellarecor7770 2 ปีที่แล้ว +3

      Peanuts compared to potential of nuclear

    • @romeou4965
      @romeou4965 2 ปีที่แล้ว

      Planned Bitcoin city in El Salvador is prime example

  • @bru512
    @bru512 2 ปีที่แล้ว +9

    Dennis is predicting that ICE vehicles will be sold until 2040? Tony Seba is predicting that this will happen well before 2030.
    Dennis is hoping to fool people with Hydrogen fuel despite it's huge cost and production of CO2.
    This interview will not age well.

    • @jasonkiminseoul
      @jasonkiminseoul 2 ปีที่แล้ว

      ICE cars might be sold only until the 2030s in developed countries(North America, EU, China, Japan, and South Korea) but it will take some time for developing countries to catch up, so I would say 2040 is a realistic forecast.

  • @sooocheesy
    @sooocheesy 2 ปีที่แล้ว +56

    The (literal) blue collar shirt on this guy tells you right away that this interview was highly curated by their marketing department.

    • @TexasRiverRat31254
      @TexasRiverRat31254 2 ปีที่แล้ว +9

      My thoughts exactly! Whole thing is promo for BS.

    • @paulosgood6876
      @paulosgood6876 2 ปีที่แล้ว

      I kinda got that vibe.

    • @ryanandnatalie1806
      @ryanandnatalie1806 2 ปีที่แล้ว

      Cynical

    • @Ryanlexz
      @Ryanlexz 2 ปีที่แล้ว

      Just like zelensky propaganda

    • @23StudiosSports
      @23StudiosSports ปีที่แล้ว

      Pretty sure it’s just a field shirt because he probably just walked the refinery….

  • @enriqueoliveram
    @enriqueoliveram 2 ปีที่แล้ว +6

    I used to work for Exxon, now ExxonMobil, since a long time, the company has invested in investigation and new technologies, one of them is MTG, converts methanol into gasoline, methanol used to be produced from natural gas, now is going to be produced using green hydrogen, that means, a way to produce fuels directly from solar and wind energy

    • @lesliehatun2044
      @lesliehatun2044 ปีที่แล้ว +1

      Where's the result? Where's the price relief? Since 1979 it all jibberish.

  • @jamesmaduabuchi6100
    @jamesmaduabuchi6100 2 ปีที่แล้ว +2

    The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning " TERESA JENSEN WHITE ". This prompted me to get in touch with her, and from March 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

    • @wilsonjudson1650
      @wilsonjudson1650 2 ปีที่แล้ว

      That's right, getting in touch with a consultant during the pandemic was how I was able to scale through the crazy stock downtrend.

    • @dorissteve912
      @dorissteve912 2 ปีที่แล้ว

      That's massive. Can you please connect me with your personal broker, I would love to work with her

    • @jamesmaduabuchi6100
      @jamesmaduabuchi6100 2 ปีที่แล้ว

      Like I said previously, her name is TERESA JENSEN WHITE , and you can reach her via her website.

    • @jamesmaduabuchi6100
      @jamesmaduabuchi6100 2 ปีที่แล้ว

      Just run a search on her name, and you would see all you need.

    • @dorissteve912
      @dorissteve912 2 ปีที่แล้ว

      thanks for the info . Found her website and it impressive

  • @dgupta42
    @dgupta42 2 ปีที่แล้ว +6

    So much fake news in this interview.
    If you look at the world's total crude and gas production of roughly 100 mboe per year, there is no way the world needs all of that to become plastics in the future. Unless the company is also working on modifying or replacing humans to be made out of plastic, and eat and drink plastic.
    There is a fundamental reason sane people are skeptical about carbon capture ever scaling up. Why even bother producing and burning petroleum, and then spend even more capital and operating cost to capture emissions? How can that be cheaper than renewable energy that is already cheaper than just the cost of producing expensive oil & gas in the first place? Yes, we need oil & gas during the transition because it will take time to switch. We cannot just shut off the wells today. But the economic logic of the switch will move oil & gas consuming sectors away quickly. Which is why oil & gas is lobbying to stop governments and cities to act on moving away from usage like gas for heating buildings. They know they will not win the case on fair competition basis.
    We do NOT need to invest in replacing the full capacity of our old fossil fuel energy system. The man is smart enough to know that, but he cannot say it because then his company's future looks like badly burnt toast. Of no value to society or shareholders.
    Everyone knows the largest use for petroleum is transportation fuels. But, battery to wheels has higher than 85% efficiency already, compared to hardly 25-27% for tank to wheels in a gasoline car. Electricity is easily 3x more efficient in the largest oil & gas consumption market! Another large use for oil & gas is building heat. Electric heat pumps can transfer 3-5 times more heat to the building, compared to burning gas to produce 1x heat. So, you need to produce only 1/3rd to 1/5th of the energy for the same end result.
    You don't have to believe me. Look at the US Energy consumption charts from Lawrence Livermore National Lab. 67.5% of the energy consumed in the US is just wasted as rejected energy. That is more than two thirds of energy going to waste. Electrification needs to replace only the actually useful 32%! Adding another 10% losses takes it to 35% of today's energy system. That means we need more electricity in the future. But far less total primary energy in our system.
    But the best moment of this video is around 14 minutes. An Exxon Mobil Chairman & CEO says that they always understood that climate change is man-made and driven by CO2 added to the atmosphere! After claiming for years in the courts and in the public that they never knew.
    Just Wow!!

    • @De-tw7by
      @De-tw7by 2 ปีที่แล้ว

      Oil companies fooled the govt and people so long and kept to use kerosene lamp, now everyone realised it's time to switch from kerosene lamp to high effect and zero pollution LED lamp. It is time to dump oil and move to high efficient and less pollutant EV.

    • @osoquik4447
      @osoquik4447 2 ปีที่แล้ว

      You always hear about electrification this and that but no one speaks on how they will resolve the power generation needs for this type of future. FYI fossil fuels make up the majority of electricity generation in the US. Plenty of “green” examples in Europe and you see the result of going green especially during an energy crisis.
      Fossil fuels also provide the concept known as heat and power which will require a industrial sectors to completely revamp their process of creating steel, plastics, paint & etc. Easy concept on paper but who’s going foot that bill? Taxpayers, investors, governments?

    • @dgupta42
      @dgupta42 2 ปีที่แล้ว

      @@osoquik4447 This interview was about specifics of oil & gas demand in an electric future. Vast majority of oil goes into transportation fuels, as all data clearly shows. That demand will slowly decline over the next 15-20 years, and ExxonMobil and other oil & gas companies are just not prepared for it. The fact that other sectors like industrial manufacturing may continue to need some fossil fuels in 2040 is not disputed by most. It just doesn't do anything to save O&G from the massive demand destruction coming up in sectors like transportation and building heat.
      I agree that the decline curve will not be smooth, there will be ugly disruptions on the way. That is normal for fossil fuels. O&G markets have always been cyclical and subject to geopolitics. That's now new. Every major price boom leads to a bust and vice versa.
      Frankly, Putin's war is a gift to O&G companies at the cost of ordinary people. The extra tens of billions of Oil & Gas profits should help fund their move to clean energy. Of course, it may have the exactly opposite effect of lulling these companies into false sense of security.

  • @Gary-ec4lc
    @Gary-ec4lc 2 ปีที่แล้ว +1

    He Dreaming , bye bye Exxon , it’s all about cost , ev Trucks are far cheaper and more powerful and improving.
    Get with the program all these renewable issues have been overcome , he simply has not done the numbers….$

  • @timothydevries383
    @timothydevries383 2 ปีที่แล้ว +6

    He's right. Everyone focuses on personal transport because that's what's easy to understand. In reality personal transport is only about 7% of global CO2 emissions.

    • @daydreamer8373
      @daydreamer8373 2 ปีที่แล้ว +1

      The thing is EV's are the catalyst for huge changes in how we create, store and use energy. There are massive changes coming, EV's are just the start.

    • @mozambique9113
      @mozambique9113 2 ปีที่แล้ว

      The evolution of humans mind can make us transport without moving our bodies are more reliable and sustainable.

  • @alfredobras6043
    @alfredobras6043 2 ปีที่แล้ว +1

    Boa tarde, gostaria trabalhar com vosco can i have this opportunity to work with the company?

  • @Tucanaldeinversiones
    @Tucanaldeinversiones 2 ปีที่แล้ว +1

    This company will shrink like 30% in the next 10 years

  • @johnzhao3086
    @johnzhao3086 2 ปีที่แล้ว +3

    I like the snake oil he’s selling. I’m gonna buy some!

  • @dlewis8405
    @dlewis8405 2 ปีที่แล้ว +7

    I wonder if he logs in as Wayne Tracker whenever he needs to discuss climate change internally on the Exxon email system.

    • @Ryanlexz
      @Ryanlexz 2 ปีที่แล้ว

      AOC and Bernie Sanders is having a hard time 😂😂

  • @ninjaatheist
    @ninjaatheist 2 ปีที่แล้ว +1

    The sooner these dinosaur companies die the better!

  • @Backseatobserver0075
    @Backseatobserver0075 2 ปีที่แล้ว +22

    Somebody needs to tell him it’s going to be much sooner than 2040 , considering some countries car registration last month have been as high as 70% EV .

    • @bitcoindaddy1
      @bitcoindaddy1 2 ปีที่แล้ว

      Most ppl dont realize the USD is pegged to crude oil (petrodollar), well...if world moving away from crude into EVs. Theres no need for world to hold USDs. Exxon revenue and emmisions is least of US problem

    • @spriteNchoke
      @spriteNchoke 2 ปีที่แล้ว +1

      Which countries are that? I bet only the rich developed countries. I am from a poor country where rolling blackouts are still a monthly thing. Many poor countries are like this. EVs are not viable in poor countries since no one can afford the charging stations and there are no mechanics or parts to fix the EVs. This is where Exxon will get the demand for its products to make up for the lack of demand in rich countries like the USA.

    • @bitcoindaddy1
      @bitcoindaddy1 2 ปีที่แล้ว

      @@spriteNchoke poor countries just need to migrate out of dollar debt...and also leap frog tech development if they choose to...developed countries will have harder time because they are source of the problem

    • @darinherrick9224
      @darinherrick9224 2 ปีที่แล้ว

      @@spriteNchoke You have it exactly backwards. Poor countries cannot afford gas but CAN afford solar power and other ways to generate electriity. They will find a way to charge vehicles with local charging solutions rather than imported ones. Since electrics break down less and have less parts that break they cannot afford NOT to transition to electric.

    • @darinherrick9224
      @darinherrick9224 2 ปีที่แล้ว

      They won't be using Teslas and first world charging stations, but it would shock me if the third world doesn't rapidly switch to solar-powered low horsepower electric vehicles of some sort with a dirt-cheap price tag.

  • @Jigsaw_knows
    @Jigsaw_knows 2 ปีที่แล้ว +1

    This ready to retire hypocrite could care less

  • @jasonrock5220
    @jasonrock5220 2 ปีที่แล้ว +2

    Let’s increase taxes and everyone can be voluntold to pay more money for less energy because the government calls it “clean” energy. I think if everyone pays the government more money we will save the world. lol 😂

  • @dagarnertn
    @dagarnertn 2 ปีที่แล้ว +66

    You’d almost think they’ve been hoping for the world to move beyond fossil fuels rather than actively fighting against such moves for decades.

    • @bjkarana
      @bjkarana 2 ปีที่แล้ว +7

      How? You can order an EV online right now. Plus, oil and natural gas are used in all kinds of everyday things, from the electricity that powers your computer, to the plastic keys you used to type your comment.

    • @trevorssillyplace
      @trevorssillyplace 2 ปีที่แล้ว +4

      They are probably rock hard thinking about evs. Powergrids will require more fuel to generate electricity taking into account all the power loss in transmission there probably will be more of a demand for oil lol

    • @RasakBlood
      @RasakBlood 2 ปีที่แล้ว +3

      @@trevorssillyplace It will be a net loss of oil use. Gas cars are very inefficient. Power plants using gas will still be more efficient and use less gas then now. And this is ignoring the massive growth of solar and wind.

    • @trevorssillyplace
      @trevorssillyplace 2 ปีที่แล้ว +2

      @@RasakBlood less than 5 percent of the powergrid is renewable. Increased power demand from consumers ie charging their evs will increase power demand from the power grid. If you run the numbers of how much gas is required to actually generate the 50kw to charge a tesla and the range it gets including the loss in transmission lines. It comes out to like 10 mpg about a 4th as efficient as a Honda civic. Teslas are sick but at this time ur only saving yourself money not the environment unless ur charging completly off the grid.

    • @jpcool95480
      @jpcool95480 2 ปีที่แล้ว +2

      @@trevorssillyplace depends on the country. A quick Wikipedia search says almost 20% of the US electricity produced is renewable. And if you add nuclear that is even more.

  • @masaharumorimoto4761
    @masaharumorimoto4761 2 ปีที่แล้ว +5

    Fantastic interview, really enjoyed this one!!!

  • @RushingRussianify
    @RushingRussianify 2 ปีที่แล้ว +2

    Nice ad CNBC, put a disclosure banner at the bottom next time

  • @ryhol5417
    @ryhol5417 2 ปีที่แล้ว +13

    Why are we giving them free advertising and why isn’t this labeled as advertising?

  • @robitmcclain6107
    @robitmcclain6107 2 ปีที่แล้ว +30

    Is it deliberate that he left nuclear and geothermal off his list of technologies?

    • @beautifulgirl219
      @beautifulgirl219 2 ปีที่แล้ว +6

      Yes, because they provide real solutions today. Nuclear alone can solve the global energy need, and should be the largest solution. It takes responsibility for all the "waste" it produces.

    • @eric5901
      @eric5901 2 ปีที่แล้ว

      Why is Buffet buying oil???? Occidental petroleum and Chevron to be specific

    • @MrBadbonesaw
      @MrBadbonesaw 2 ปีที่แล้ว

      @@beautifulgirl219 It takes over 10 years to get new Nuclear plants built due to all the extra precautions. Meanwhile, China gets 10 built every year. We might as well buy energy off China as well LOL

    • @beautifulgirl219
      @beautifulgirl219 2 ปีที่แล้ว

      @@MrBadbonesaw The time issue doesn't change nuclear being our best option, in my opinion. I suspect that with enough motivation we could shorten the time. Small modular reactors and other approaches could help. Where there is a will, there is a way (?).

    • @MrBadbonesaw
      @MrBadbonesaw 2 ปีที่แล้ว

      @@beautifulgirl219 I am all for nuclear but waiting 10 years like the one in France and costing Billions of dollars hurts the payback period. Without Government assistance, it would probably take an additional 20 years for each nuclear reactor to break even. I do think we should have enough nuclear to run everything we need overnight and then during the day nuclear + solar and Wind could be recharging long-term energy storage like redux flow batteries or electrolysis to produce hydrogen and clean water desalination plants. A nuclear power plant should never have to throttle down less than 75% full power at any time besides maintenance periods. Phase-out coal and phase-out natural gas peaker plants asap.

  • @jonraborn-nd1zq
    @jonraborn-nd1zq ปีที่แล้ว +1

    Biblical revelations : the project manager of the construction & planning of the new heavens & earth : the establishment of the thousand years of peace on earth :. coop stuff to think no about : youth ministries & adult bible study : the achitecs &; facilitator's &;world-wide project management

  • @fleshreap
    @fleshreap 2 ปีที่แล้ว +20

    ExxonMobil must be paying a ton for all these videos.

  • @Gary-ec4lc
    @Gary-ec4lc 2 ปีที่แล้ว +1

    Red Flag 🚩 here

  • @vonBottorff
    @vonBottorff 2 ปีที่แล้ว +22

    If oil is truly a non-renewable resource then destroying it by burning is insane. We have no viable replacement for hydrocarbon-based plastics and other chemical products. Long-term they're more important than transportation.

    • @AnimeBeefRandoms
      @AnimeBeefRandoms 2 ปีที่แล้ว +3

      Not burning it and leaving it in the ground is not very useful to humans either.

    • @Thelango99
      @Thelango99 2 ปีที่แล้ว +8

      @@AnimeBeefRandoms The user implies prioritizing chemical production over burning for fuel.
      I agree with this approach more. Oil has so many applications that just burning it is comparatively wasteful.

    • @planefan082
      @planefan082 2 ปีที่แล้ว +2

      ​@@Thelango99 Exactly. Nor is burning it even profitable compared to renewable generation in most places without huge fossil fuel subsidies.

    • @Batmangutten
      @Batmangutten 2 ปีที่แล้ว +1

      We have more than enough oil for all the worlds plastics and petrochemicals. This would still be the case if we continued to use oil for energy throughout this century. Also, oil is renewable in the sense that all it would take to make oil is to pull the carbon back out of the air and make oil. The only downside here is that it requires enormous amounts of energy. This wouldn't be practical for energy use and we still have cheaper oil for petrochemicals and plastics which is why we aren't currently doing it. However, in the future with solar getting cheaper and new breakthroughs in fusion and geothermal, (see Quaise, Zap Energy and Helion Energy) we will for all intents and purposes have unlimited energy. Running out of petrochemicals will therefore not be a problem.

    • @eazolan
      @eazolan 2 ปีที่แล้ว +1

      We don't have a replacement for getting oil out of the ground. But we can get it out of the air.

  • @sepase2676
    @sepase2676 2 ปีที่แล้ว +1

    EVs are not the future, public transit and high speed trains are.

  • @NashHinton
    @NashHinton 2 ปีที่แล้ว +1

    About time.

  • @petertatt
    @petertatt 2 ปีที่แล้ว +5

    Bio-fuels and carbon capture? Really! So depressing. We will never get to net zero if guys like this get their way.

  • @robertlee8805
    @robertlee8805 2 ปีที่แล้ว

    Burn, 🔥🔥🔥🔥🔥🔥🔥 and MORE BURNING FOSSIL FUELS. Love that don't you LOVE all that SMOG?

  • @benbohannon
    @benbohannon 9 หลายเดือนก่อน

    The global energy supply has changed over history and will continue to change. Biomass. Whale oil. Kerosene. Leaded. Unleaded. Natural gas. Nuclear. Wind. Solar. Pop Rocks.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    WOULD YOU INVEST IN A TECHNOLOGY BASED ON SCIENTIFIC THEORIES YOU DON'T FULLY COMPREHEND???
    There’s a lot more to it than that. In fact when Einstein developed the special and general theories of relativity I believe at that time only about 10 other people on Earth understood it; a lot of complicated math and physics! He had to study parts of various disciplines to come up with it. They called it an Amazing discovery with no practical use, at least at that time!
    NOW THE SPECIAL AND GENERAL THEORIES OF RELATIVITY ARE FUNDAMENTAL IN SPACE AND SATELLITE TECHNOLOGIES SUCH AS GPS!!!

  • @buckymoto
    @buckymoto 2 ปีที่แล้ว +13

    This entire interview was a massive nothing-burger. The CEO basically said they don't want to invest in greener technologies cause they don't see a need to. They think it's more economically viable to recapture carbon emissions, but don't want to commit to doing it because there aren't government incentives or demand. And their estimates that demand will be similar to '13-14 years if ALL EVs are on the road? Their profit margins are MASSIVE from Transportation and Oil Demands from Transportation... they think they're going to maintain those levels by making plastic products? Give me a break. Massive nothing burger of an interview and it boils down to "We're not changing anything."

    • @Mistro07
      @Mistro07 2 ปีที่แล้ว

      Go cry about it..EVs have a looooong way to go before they can replace ICE engines..the cars/tech themselves might not, but everything around them (infrastructure, cost, etc.) have a long way to go

    • @De-tw7by
      @De-tw7by 2 ปีที่แล้ว

      @@Mistro07 it is very easy to replace ICE with EV. Oil companies where fooling us until Tesla and Chinese govt. demonstrated it. World largest population China is already on EV.

    • @thomasgibson1028
      @thomasgibson1028 2 ปีที่แล้ว +1

      Best comment I’ve seen here yet.

    • @Son37Lumiere
      @Son37Lumiere 2 ปีที่แล้ว

      @@Mistro07 ICE is out, seems like you and the rest of the oil industry lackeys are the ones crying about it. The infrastructure doesn't need nearly as much upgrading as the pro oil propaganda wants you to believe.

    • @Son37Lumiere
      @Son37Lumiere 2 ปีที่แล้ว +1

      And people are starting to move away from plastic as well as they're realizing it's yet another pollution heavy product of the disgusting oil industry of which only 5% actually gets recycled.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    AVIATION, OIL FOR MACHINES INCLUDING ELECTRIC ONES provides a future for oil. However, when all the oil is pumped out of the ground and spewed into the atmosphere will society collapse if and electric based infrastructure is present at that time?

  • @concernedrn2844
    @concernedrn2844 2 ปีที่แล้ว +1

    This is such BS

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    Have you studied the history of European exploration before the Industrial Revolution?

  • @jonraborn-nd1zq
    @jonraborn-nd1zq ปีที่แล้ว

    God our Father's engineering & construction firm's : the house of God : Father Zues & Father Neptune
    God our Father: jesus-christ medical hospital's & educational systems tx. the holy bible : giddion's biblical publication & the book of mormon illustrated : the american english language
    Mother Mary & Mary Magdalene tx.

  • @jonraborn-nd1zq
    @jonraborn-nd1zq ปีที่แล้ว

    Electric & CNG fuel : george jettson fkying vehicaks 2024
    Austin tx.hog eye rd.
    Mobile loaves & fishes inc.

  • @lesliehatun2044
    @lesliehatun2044 ปีที่แล้ว

    So rich , wealthy and they need incentives ? Mobile needs incentives? 💰 Yet talk about green and red hydrogen. Why should consumers, taxpayers, give money to a company that's RICH beyond belief. What kind of guy talks hope then threatens us? These guys been Ying yang ing since 1979. It's all talk and no new technology. What the hell have they been doing? All the taxpayer money they get AND NO RESULT SINCE 1979?

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    If Exxon mobile has a language barrier, try learning the natives languages with Apple’s products! They’re cheaper and more efficient than Universities as well as portable!

  • @quartytypo
    @quartytypo 2 ปีที่แล้ว

    Don't bother, ExxonMobil. Nobody wants and EV except wind turbine huggers.

  • @JenniferVirgen-fx8tz
    @JenniferVirgen-fx8tz 11 หลายเดือนก่อน

    I wanted to ask a question I no every company has there policies. In Abu Dhabi United. ExxonMobil oil drilling. After they finish their job. Are charging the workers to get there certified of finishing $1.000. And that's not right. Some of them gentleman and females. Have family. That's not fair. It's for security. Not good

  • @stephendoherty8291
    @stephendoherty8291 ปีที่แล้ว

    So ExxonMobil should start buying petrochemical companies so they don't source non-oil ingredients. I suspect bigoil would prefer to sell to bigger users. Shipping/cement/big industry and natural gas (with CCS). Bigoil is praying that its politicians will buy into CCS so they can offer a reverse money maker ie pay is to send the carbon back down. The IPCC report does mention that CCS will be needed but the economics are NOWHERE near the cost thats affordable. Bigoil has also done alot to cut the extraction cost of oil since the oil price fall and now its war related bumper profits and bumper management bonuses. Meantime demand keeps rising. Interesting to see that Exxon don't consider nuclear and battery cannot bridge the gap.
    So meantime Exxon are saying we will "invest in tech for the miracle changes" and just keep working as usual. Pity Exxon lied about climate change for so long. 2050 as a target will not be accepted by shareholders for just carbon neutrality.

  • @Michael-il5wd
    @Michael-il5wd 2 ปีที่แล้ว +5

    as batteries get better and cheaper, it will disrupt more than just consumer vehicles. It will change how to drive, fly and sail. I wonder if they've considered this.

    • @happyscrub
      @happyscrub 2 ปีที่แล้ว +1

      Batteries are not going to get cheaper. EV demand and global politics are driving up the the demand for the minerals.

  • @ronaldgarrison8478
    @ronaldgarrison8478 2 ปีที่แล้ว

    Talking biofuels, carbon capture, hydrogen. So predictable. EVs are only going to be a "small portion" of the picture. Riiiight.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    Have you ever considered utilizing "dirty money" to help finance corporate infrastructure? How does one define "dirty money," that which is derived from cocaine trafficking?

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    Is the current Catholic Church liable for the actions of Cortez in South America despite drastic policy change?

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    When the European explorers sailed the globe on wooden wind powered ships their was successfully business and some very nasty exchanges!

  • @raphaelgruter4555
    @raphaelgruter4555 2 ปีที่แล้ว

    Seeing that rubbish, it’s time to unsubscribe from CNBC. Goodbye dinosaurs.

  • @TedTabaka
    @TedTabaka 2 ปีที่แล้ว

    Fuel is not going away! Exxon needs to switch from a gas and diesel company to a hydrogen generating, plastic producing, and renewable only company. This CEO just does not see the future of the company and that is why it will fail in 40 years.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    What's Exxon's relationship with the EPA, currently?

  • @robertlee8805
    @robertlee8805 2 ปีที่แล้ว

    Yeh sure there still need for fossil fuels. Food and water. We're eating and drinking fossil fuels. Yummy.

  • @robertfield4103
    @robertfield4103 2 ปีที่แล้ว

    This guy has no clue on the economics and engineering of carbon capture. There is no magic bullet for carbon capture, the chemistry and thermodynamics have been known for 100 years.

  • @olavthewiking3700
    @olavthewiking3700 2 ปีที่แล้ว

    EV is a toy. I have m y V8 BMW, pushing the metal, the fire blows out from exchaust. this is power. EV is for hobos

  • @DSS-jj2cw
    @DSS-jj2cw 2 ปีที่แล้ว +4

    I will believe it when i see it.

  • @unxusr
    @unxusr 2 ปีที่แล้ว

    🤮 want to throw up listening this biggest polluter. Only steep Carbon Tax can level completion for everyone who really wants to build carbon free energy.

  • @tanujSE
    @tanujSE ปีที่แล้ว

    It's good if we have things for future,capitalist did revolutionize the means of production,communist manifesto says this and it doesn't mean capitalist capital and profit won't be catastrophe on earth where we live or won't come in conflict of majority for fundamental needs and shifting the economics back to fundamental needs only

  • @bjkarana
    @bjkarana 2 ปีที่แล้ว +2

    EVs don't have point source pollution and that is good for local air quality, but people also need to understand that EV manufacture emits a lot more CO2 than making combustion engine vehicles, so the lifetime savings in CO2 (as of 2022) is not substantial. EV carbon footprints will likely improve over time, but the world still needs quite a lot of oil and natural gas to, ironically, enable the transition away from oil and natural gas.

    • @TrevorStandley
      @TrevorStandley 2 ปีที่แล้ว

      I think I saw a calculation for this and it's really not that different. And can be done better than ice cars in many circumstances.

    • @MrBadbonesaw
      @MrBadbonesaw 2 ปีที่แล้ว

      We should probably be looking to transition to electric mopeds or trikes instead of EV Cars and EV SUVs/Trucks. Less traffic, less wear and tear on roads and same mileage for 1/10 battery size. Not practical for long distances but for 85% of my commuting it would be a good use.

    • @TrevorStandley
      @TrevorStandley 2 ปีที่แล้ว

      @@MrBadbonesaw There are also kids to consider. And the transportation of stuff, so the roads will always have to support cars and trucks.

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    Isn’t their a place for electrification, gasoline, and alternative fuels so that when one source is exhausted the city dwellers don’t die of Mass starvation and societies fall apart?

  • @JasonKing247
    @JasonKing247 ปีที่แล้ว

    There’s a demand for carbon in the air because the technology hasn’t progressed enough to meet the current demand… is this an argument or a statement on how they’re not helping the situation.

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    Economics isn't a hard science, such as chemistry or physics, the same variables held constant can result in different outcomes during economic experiments!

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    How costly and time consuming to reengineer the powering of the industrial and consumer economies?

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    I'll help any way possible, but like a gambling game the out come is uncertain all you can do is make mathematically correct decisions!

  • @TampaFLPlug813
    @TampaFLPlug813 2 ปีที่แล้ว

    Look into the process of how lithium is mined from the soil and how it effects aquatic life, then tell me electric vehicles are "green technology." Forget the interview.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    Are these alternatives in fuels and power feasible for powering transportation and the countries cities?

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    PHYSICS! CHEMISTRY! MATHEMATICS! COMPUTER SCIENCE!

  • @rlcsite
    @rlcsite 2 ปีที่แล้ว +2

    It might not come about soon, but it has to work. Some areas will continue to need fuel for power for a really long time.

  • @mdm8732
    @mdm8732 2 ปีที่แล้ว

    Lol of coarse exon knew about it. Just didn't do anything till it is now affecting their $$

  • @robertfield4103
    @robertfield4103 2 ปีที่แล้ว

    Carbon capture is war on plants. Discuss amongst yourselves.

  • @ninjaatheist
    @ninjaatheist 2 ปีที่แล้ว +17

    When carbon dioxide is stored underground in a process known as geological sequestration, it can find multiple escape pathways due to chemical reactions between carbon dioxide, water, rocks and cement from abandoned wells, according to Penn State researchers.

    • @robertlee8805
      @robertlee8805 2 ปีที่แล้ว

      Wishing they'd add Biofuels to their mix.

    • @rad2gnarly9
      @rad2gnarly9 2 ปีที่แล้ว +1

      Aw geez too bad more research can't be done

    • @ronaldgarrison8478
      @ronaldgarrison8478 2 ปีที่แล้ว

      It doesn't have to be perfect, nor does it have to be forever. No, that is not a fundamental barrier.

  • @Adrian-o9n1y
    @Adrian-o9n1y 9 หลายเดือนก่อน

    ExxonMobil is a great name for a corporation creating clean energy

  • @williamharding9753
    @williamharding9753 2 ปีที่แล้ว +22

    ExxonMobil need to put their profits into building wind and solar farms

    • @romeou4965
      @romeou4965 2 ปีที่แล้ว +5

      But CEO clearly said XOM is not in the power generation industry. Instead they manipulate hydrocarbons.

    • @shadfletcher6815
      @shadfletcher6815 2 ปีที่แล้ว

      No they do not.....unlike your suggestions...nuclear makes power 24 hours a day

    • @bellamafiaquackafellarecor7770
      @bellamafiaquackafellarecor7770 2 ปีที่แล้ว +3

      Not sure if you’re aware but the wind and sun aren’t always able to be harvested

    • @bjkarana
      @bjkarana 2 ปีที่แล้ว +2

      That's like selling a car which starts 100% of the time (hydrocarbons), for a car that starts 50% of the time (wind and solar). Dumb...

    • @tomblandford
      @tomblandford 2 ปีที่แล้ว +1

      Why would they want to do that? That industry is very competitive and they have no knowledge. And they are not a charity.

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    How can you place a bet on this technology or that without understanding the science and engineering or field testing it?

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    It seems impossible to measure the projection with a precise mathematic figure?

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    Excuse the grammar error please: "country's."

  • @Josh-sx7wn
    @Josh-sx7wn 2 ปีที่แล้ว +3

    I think they know something we don’t… like that we are running out of oil

    • @RandomUserOnTheInterWebs
      @RandomUserOnTheInterWebs 2 ปีที่แล้ว

      Who exactly doesn't know this?

    • @romeou4965
      @romeou4965 2 ปีที่แล้ว +1

      Smart and fast move by Elon musk

    • @Boxagami
      @Boxagami 2 ปีที่แล้ว

      No, that's a total lie they keep telling about running out. Oil fields that ran dry, many filled back up! The rockafellar criminal family coined the term "fossil fuels" to raise the cost. Oil is abiotic and they keep lying about it.

    • @Josh-sx7wn
      @Josh-sx7wn 2 ปีที่แล้ว

      @@RandomUserOnTheInterWebs people with they head in the sand 🤷🏻‍♂️

  • @jjerome8867
    @jjerome8867 2 ปีที่แล้ว +2

    What a leader for XOM! Vision plus…

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    What can I buy in American cities with a check from a Panamanian Bank?

  • @progressreason_1
    @progressreason_1 2 ปีที่แล้ว +3

    Exxon is waking up to reality

  • @75robg
    @75robg 2 ปีที่แล้ว

    That is a joke. If there's nothing but electric vehicles by 2040, then ExxonMobil will be out of business. There's no way they could replicate their numbers in 2013 & 2014, that's impossible.

    • @MrBadbonesaw
      @MrBadbonesaw 2 ปีที่แล้ว

      Maybe they could focus on rocket fuel for Space X LOL

  • @lancemarshall241
    @lancemarshall241 5 หลายเดือนก่อน

    What is the country of Venezuela getting in exchange?

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    How do you regenerate oil that's been pumped out of the ground?

  • @robertfield4103
    @robertfield4103 2 ปีที่แล้ว

    This guy is an embarassment to Exxon shareholders.

  • @glennschaub560
    @glennschaub560 2 ปีที่แล้ว +1

    When did Exxon Mobile get involved with producing electrical power plants ?

  • @lancemarshall241
    @lancemarshall241 11 หลายเดือนก่อน

    Is Exxon bidding for jobs in Venezuela?

  • @davidkuharich9269
    @davidkuharich9269 ปีที่แล้ว

    I hope not they are a fire hazard you are wrong I will never own one period death traps

  • @dadofabunchofkids9437
    @dadofabunchofkids9437 2 ปีที่แล้ว

    DW is terrible the company morale is terrible

  • @leesmith9299
    @leesmith9299 2 ปีที่แล้ว +5

    delusional

  • @fluxfaze
    @fluxfaze 2 ปีที่แล้ว

    Exxon-Mobile. Destroyers of Earth.

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    What corporate structures own Nuclear Power Plants?

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    When the apocalypse happens will this issue have even been relevant?

  • @Solar.Geoengineering.Advocate
    @Solar.Geoengineering.Advocate 7 หลายเดือนก่อน

    thats what pure unadulterated evil looks like.

  • @lancemarshall241
    @lancemarshall241 2 ปีที่แล้ว

    Have we considered the travesty ENRON?