Last Monday, as part of our class session, we trekked over to ConocoPhillips for a presentation during the afternoon. Highlights included:
-Interesting topics about the hassles of dealing in a global marketplace. Issues such as political turmoil and the constantly changing exchange rates of currency play a huge role in a global marketplace. Recently their profits have been down due to the strength of the euro and
-He spoke about the importance of sustainability to the business of oil. Oil reserves are very small, and thus any alternative fuel increases will allow them to continue their company for as long as possible. At this rate they know that they will put themselves out of business while being a successful company.
-Interesting that they are considering re-pumping CO2 into the caverns that the oil is drawn from. They are in the process of looking into the systems necessary for this to be done.
-Also talked that there are two sides to every coin. For example, when soy started to be used as an alternative fuel, farmers in Brazil started cutting down rain forest to harvest more soy. This negates the effect of using the alternative fuel to begin with.
About Me
- Kalen
- My own perceptions of myself are every changing. I graduated in 2007 from Arizona State University with an Interdisciplinary studies degree, and truly believe this is the best explanation of myself. I like to know everything about everything. My 101 in 1001 project should show this. I try to live my life with passion, and tend to become very passionate about whatever I am doing until I reach a level of mastery and move on. I love my friends, they are the greatest in the world. I love meeting new people and learning about new and different things and ideas. Travel is a passion, and I want to see every part of the world possible.
3 comments:
Also was reading in 2.0 that in the US - many farmers are changing their wheat crops to corn - for similar reasons. We're hoping that our Montana farm wheat prices will finally go up! But more to your point - it is a shame that they are more interested in the profitablity & marketability of a crop that ruins the environment. Did they also touch on the sugar cane production?
We didn't talk about sugar cane production at all. The soy doens't actually ruin the environment, its just that cutting down the rainforest does. They are trying to use products that are locally grown as well so that they are enhancing the local communities that they are involved in.
Fuel efficiency and conservation seem to be the most viable solution. Auto makers need to rise to the occasion quickly with light weight materials and efficient systems. There are also start-ups addressing the issue with driver feedback systems. The idea is to educate the driver to immediate changes in fuel consumption so that driving habits can be adjusted. Did ConocoPhillips discuss what they are doing to address fuel spill issues?
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