Big alternative fuels

Neal Boortz:

I note in the news this morning that Chevron is donating $12 million over the next five years to a Georgia Tech research program into alternative fuels. More specifically, they money will be used to fund work on hydrogen and biofuels. This $12 donation isn't all Chevron is doing. Chevron announced that it would spend $400 million this year alone in research on energy efficiency as well as alternative and renewable energy.

For those of you who were educated in government schools, let me explain where that money is coming from. Profits. Every single penny of the $12 million for Georgia Tech and the $400 million in additional research comes from the Chevron profits. The outrage here is that Chevron shouldn't have been allowed to keep those profits in the first place. Chevron is a corporation. Corporations are evil. Therefore, Chevron is evil and it is up to our government to punish that evil by confiscating profits. This money should have been the government's to spend, not Chevron's. Every good liberal and Democrat knows that a dollar spent by government does so much more for our economy and our society than ever dollar spent by a private party or an evil corporation ever could.

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Could they do that without profits? No. The myth that energy companies are not interested in solving energy problems comes from left wing paranoia.