ExxonMobil's profits in 2005 were $36.13 billion -- the largest annual profit ever recorded by a U.S. company.
So much for that record. 2006 profits: $39.5 billion.
Update [2007-2-1 12:12:21 by David Roberts]: Groovy Green offers this handy way of thinking about Exxon's profits:
Think of it this way, if ExxonMobil invested less than one month of its 2006 profits in renewable energy like wind, solar, or biomass, it would have more than doubled all federal spending last year on renewable energy, fuel efficiency and alternative fuels combined ($1.8 bn).
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Mike B Posted 12:12 pm
01 Feb 2007
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Palaces Posted 6:31 pm
01 Feb 2007
(1) Today 1700 MW PV
(2) Doubling installed reduces the price 19%
(3) Growth rate 25%/yr - 3 yrs to double
The date that the entire consumption of electricity from PV occurs can be projected to exact month in the future.
Download spreadsheet
http://www.hydrogenfreedom.info/scenario_1.xls
Tex...
Thirty-two years and six months, July 2039, 1,851,556,663 kW PV, cost will then be $1.01/watt
A double capacity is figured, which is accomplished in thirty-five years, and the cost will be 85 cents per watt.
Hydrogen Economy fourfold increase in PV, accomplished in 41 years, in 2058, cost of PV 60 cents per watt installed.
Three years later the production will have increased to double all the energy of every form currently used, costs will be 50 cents.
http:ecosyn.us PALACES for the People, H2-PV, PV-Breeders acres of PV, tons of Hydrogen
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