Shell Corporation says that fossil fuel burners will be, well, fossils by the year 2070. Yes, this is a bit of an odd statement for a petroleum company to make.
Inside of a document called New Lens Scenarios, Shell States, “By 2070, the passenger road market could be nearly oil-free and towards the end of the century an extensive hydrogen infrastructure rollout displaces oil demand for long haul and heavy loads. By this time, electricity and hydrogen may dominate, and affordable, plug-in, hybrid hydrogen vehicles offer the ultimate in flexibility and efficiency.”
Well, if Shell Oil believes this then what about other petroleum powerhouses such as the Exxon Mobil Corporation? Unfortunately, ExxonMobil has done diddly-squat in regard to building hydrogen infrastructure.
At least Shell has built, in partnership, hydrogen fueling stations in the U. S., China and Europe. Exxon Mobil, however has a different philosophy of the future.
ExxonMobil CEO Rex W. Tillerson in a New York Times article in 2007 stated that hydrocarbon fuels would be propelling vehicles for decades to come and in increasing numbers.
According to the New York Times, “Mr. Tillerson, who leads the world’s largest publicly traded company, gave an unalloyed defense of the oil industry and predicted that hydrocarbons would dominate the world’s transportation as energy demand grows by an expected 40 percent by 2030.
“There is no significant alternative to oil in coming decades and Exxon will continue to make oil and natural gas its primary products, he said.”
So, which position looks more reasonable to you – the one stated by Shell or the one stated by ExxonMobil?