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Sugar Cane Grows on Big Oil as $71 Billion Bet Outspends D.C.

Bloomberg -- BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.

In the U.S., Shell already produces small lots of so-called drop-in biofuels--engine-ready products that can replace gasoline from a plant in Houston that uses sugar beets and crop waste.

On the way to a renewable energy future, a funny thing has happened: Big Oil has become the biggest investor in the race to create green fuels, Bloomberg Businessweek reports in its May 14 issue. In the last decade, the industry says, it has put $71 billion into zero- and low-emission and renewable energy technologies.

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Submitted May 10, 2012 By: angel4me

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99dakota Champion Author Providence Posts:8,122 Points:2,174,950 Joined:Oct 2006	Message Posted: May 15, 2012 6:01:30 AM Ignore 99dakota Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: May 15, 2012 5:49:34 AM Ignore honda0105 Report Abuse sugar cane is highly damaging to the environment in which it is grown. Would be better to grow sugar beets.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: May 15, 2012 5:46:41 AM Ignore honda0105 Report Abuse kimo: no surprise here. Maybe to others.
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: May 11, 2012 1:35:16 PM Ignore sparky808 Report Abuse Thank you for posting.
sydb7 Champion Author Atlanta Posts:3,561 Points:1,920,735 Joined:Mar 2003	Message Posted: May 11, 2012 8:32:39 AM Ignore sydb7 Report Abuse Is Big Oil trying to corner the Alternative fuels market??
HawaiianGuy Champion Author Idaho Posts:9,538 Points:3,081,650 Joined:May 2003	Message Posted: May 11, 2012 7:40:30 AM Ignore HawaiianGuy Report Abuse Big Oil HAS to have something to screw the people with once all the crude is played out.
nb52 Champion Author Grand Rapids Posts:7,790 Points:1,548,800 Joined:Nov 2008	Message Posted: May 11, 2012 6:18:14 AM Ignore nb52 Report Abuse SWEET!
bcok Champion Author Los Angeles Posts:2,126 Points:1,544,495 Joined:Oct 2005	Message Posted: May 11, 2012 1:36:45 AM Ignore bcok Report Abuse Sounds like we're getting off oil and the sugar cane.
2bigtanks All-Star Author Akron Posts:772 Points:371,610 Joined:Jun 2011	Message Posted: May 11, 2012 1:15:51 AM Ignore 2bigtanks Report Abuse Car runs like crap but has sweetest exhaust in neighborhood.
Quick68 Champion Author Columbus Posts:8,238 Points:1,227,750 Joined:Dec 2009	Message Posted: May 11, 2012 1:14:08 AM Ignore Quick68 Report Abuse The American people will have to make up that $71 Billion bet. Big oil & a corrupt government will never lose only taxpayers.
AuntJaime Champion Author New Jersey Posts:2,869 Points:401,310 Joined:May 2011	Message Posted: May 11, 2012 1:12:20 AM Ignore AuntJaime Report Abuse yipes
livewire300 Champion Author South Carolina Posts:3,385 Points:166,935 Joined:Jun 2011	Message Posted: May 11, 2012 1:12:19 AM Ignore livewire300 Report Abuse Old...
Jmac2008 Champion Author Missouri Posts:2,284 Points:883,090 Joined:Dec 2008	Message Posted: May 11, 2012 1:08:27 AM Ignore Jmac2008 Report Abuse old news.
joezIN Champion Author Gary Posts:1,663 Points:331,810 Joined:May 2011	Message Posted: May 11, 2012 1:07:07 AM Ignore joezIN Report Abuse YA
GasCzarCO Champion Author Colorado Springs Posts:1,407 Points:801,905 Joined:Mar 2010	Message Posted: May 11, 2012 1:06:50 AM Ignore GasCzarCO Report Abuse Does big oil have a crystal ball?
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: May 11, 2012 1:05:43 AM Ignore nomad228 Report Abuse they better diversify or they are gonna find themselves at loss when people finally start buying alternative fuel vehicles.but this does not help U.S. right now.
etop8222 Veteran Author Reading Posts:429 Points:58,330 Joined:Apr 2011	Message Posted: May 11, 2012 1:04:28 AM Ignore etop8222 Report Abuse Hard to believe.
Ron77095 Champion Author Houston Posts:3,070 Points:604,625 Joined:Sep 2011	Message Posted: May 11, 2012 1:03:23 AM Ignore Ron77095 Report Abuse What!?
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: May 11, 2012 12:57:43 AM Ignore LostToo Report Abuse MMMMMMM Sugar kane...
Raider44 Champion Author Allentown Posts:1,068 Points:1,582,305 Joined:Apr 2008	Message Posted: May 11, 2012 12:56:45 AM Ignore Raider44 Report Abuse Still don't like using any food stuff for energy.
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: May 11, 2012 12:56:28 AM Ignore jkpsr Report Abuse Technology will give us freedom from imported oil!
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: May 11, 2012 12:55:59 AM Ignore TBONE3 Report Abuse Lots of talk but nothing positive from it.
Buddy2264 Champion Author Tampa Posts:11,664 Points:2,361,920 Joined:Oct 2005	Message Posted: May 11, 2012 12:54:16 AM Ignore Buddy2264 Report Abuse No where puts a dent in their profits. I only hope they do not do like they have done in the past and buy up the patents and not use the new technology for the common good.
gus8441 Champion Author Baltimore Posts:2,119 Points:444,550 Joined:Feb 2012	Message Posted: May 11, 2012 12:52:44 AM Ignore gus8441 Report Abuse options are always good
KhelbenArunson Champion Author Michigan Posts:4,451 Points:719,590 Joined:Apr 2008	Message Posted: May 11, 2012 12:51:44 AM Ignore KhelbenArunson Report Abuse This sounds like massive big oil spin. Lets keep them out of alternative fuels. I want to be done with these companies when it is all over.
jerej829 Champion Author Memphis Posts:2,861 Points:695,540 Joined:May 2011	Message Posted: May 11, 2012 12:49:49 AM Ignore jerej829 Report Abuse ok
us4usa Champion Author Missouri Posts:5,998 Points:1,114,940 Joined:May 2008	Message Posted: May 11, 2012 12:49:34 AM Ignore us4usa Report Abuse Just stop burning corn...
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: May 11, 2012 12:43:20 AM Ignore themaninthehat Report Abuse BP doing the right thing?!
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: May 11, 2012 12:40:57 AM Ignore anascom Report Abuse good competitions to create alternatives to fossil fuel!
bobdec Champion Author Miami Posts:8,974 Points:1,771,770 Joined:May 2008	Message Posted: May 11, 2012 12:40:49 AM Ignore bobdec Report Abuse Stop making Ethanol, it stinks
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: May 11, 2012 12:39:28 AM Ignore vibdata Report Abuse NatGas in cars. Burn it up. Cheap for now anyways.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,071,675 Joined:Mar 2004	Message Posted: May 11, 2012 12:36:59 AM Ignore miser709 Report Abuse Ethanol is not the answer.
DEG Champion Author Las Vegas Posts:17,630 Points:3,496,655 Joined:Jul 2003	Message Posted: May 11, 2012 12:35:52 AM Ignore DEG Report Abuse Ethanol is not the answer.
Thomtec Champion Author Nashville Posts:2,475 Points:610,095 Joined:May 2011	Message Posted: May 11, 2012 12:34:39 AM Ignore Thomtec Report Abuse Ok another option.
jrsva Champion Author Virginia Posts:9,863 Points:1,614,950 Joined:Jan 2006	Message Posted: May 11, 2012 12:32:32 AM Ignore jrsva Report Abuse “Will [ethanol from sugar cane] be any more stable then corn ethanol when sitting in older engines and small engines?” NO. Ethanol is ethanol, regardless of the source. Sugar cane has some advantages as a feedstock but the result is still a low-energy fuel with bad side effects.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: May 11, 2012 12:30:24 AM Ignore frostyWV Report Abuse good
thuathienhue Champion Author Michigan Posts:3,463 Points:635,515 Joined:Jul 2011	Message Posted: May 11, 2012 12:29:34 AM Ignore thuathienhue Report Abuse Okay, oil will someday run out.
jem069 Champion Author Detroit Posts:2,548 Points:689,030 Joined:Jan 2011	Message Posted: May 11, 2012 12:29:26 AM Ignore jem069 Report Abuse Ok
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: May 11, 2012 12:29:24 AM Ignore Rageagainsttm Report Abuse yes
blk911 Champion Author Colorado Springs Posts:2,923 Points:771,115 Joined:Nov 2004	Message Posted: May 11, 2012 12:28:56 AM Ignore blk911 Report Abuse Looks like big oil wants to control that market to.
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: May 11, 2012 12:28:12 AM Ignore regout Report Abuse We will see.
chuckwthompson Champion Author Charlotte Posts:3,765 Points:579,135 Joined:Sep 2011	Message Posted: May 11, 2012 12:27:41 AM Ignore chuckwthompson Report Abuse Time will tell.
txkrb Champion Author Texas Posts:1,563 Points:639,965 Joined:May 2011	Message Posted: May 11, 2012 12:27:13 AM Ignore txkrb Report Abuse Better sugar cane than corn I think I read where they can use the scraps etc from the sugar cane to make ethanol Other questions remain, how much energy is required to make ethanol and how much water I read where it take almost as much energy to make ethanol and is derived in the final product, that may be with corm and not sugar cane though
abacus44 Champion Author Toms River Posts:3,490 Points:749,690 Joined:Jan 2011	Message Posted: May 11, 2012 12:26:53 AM Ignore abacus44 Report Abuse Even from sugar cane, it's still ethanol! 1. Does it take more energy to produce then it yields in fuel energy like ethanol from corn? 2. Will this cause enough of a shift in acreage planted to raise food prices as corn ethanol has? 3. Will it be any more stable then corn ethanol when sitting in older engines and small engines?At least our tax dollars can be saved.
Jumpmaster82 All-Star Author South Carolina Posts:921 Points:850,925 Joined:Nov 2008	Message Posted: May 11, 2012 12:21:49 AM Ignore Jumpmaster82 Report Abuse No plant derived fuel as efficient or clean burning as petroleum, but politics in this country stigmatizes oil, so why not divert attention to "alternative fuels" instead of drilling for our abundant oil resource right here at home?
gamalerin Champion Author Tampa Posts:4,762 Points:995,460 Joined:Jul 2010	Message Posted: May 11, 2012 12:19:57 AM Ignore gamalerin Report Abuse Do you think it's going to work for us ?
NanaNJNJ Veteran Author New Jersey Posts:280 Points:56,025 Joined:May 2012	Message Posted: May 11, 2012 12:18:44 AM Ignore NanaNJNJ Report Abuse *
crreed1 Champion Author West Virginia Posts:1,995 Points:2,528,285 Joined:May 2005	Message Posted: May 11, 2012 12:18:41 AM Ignore crreed1 Report Abuse go for it
VetteFan Champion Author Indiana Posts:9,749 Points:2,030,430 Joined:Aug 2005	Message Posted: May 11, 2012 12:17:17 AM Ignore VetteFan Report Abuse Keep alternatives viable.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 11, 2012 12:17:08 AM Ignore tedjm1 Report Abuse Sure, then they could lock up discoveries.