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The reason the characters are lieutenants in my story is because this problem is bigger than them. You could take every penny the oil companies have and it wou
by ta0987 7y ago
The reason the characters are lieutenants in my story is because this problem is bigger than them. You could take every penny the oil companies have and it would barely make a dent in the problem. This isn't a money problem it is a fundamental economic and industrial structure of society problem.
- deleted 7y ago[deleted]
- calcifer 7y ago> You could take every penny the oil companies have and it would barely make a dent in the problem. Citation needed. The top 10 oil companies [1] had a cumulative $2.5 trillion dollars in revenue in 2017. I'd say that'd go a long way in climate change R&D. [1] https://en.wikipedia.org/wiki/List_of_largest_oil_and_gas_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_oil_and_gas_co...
- onetimemanytime 7y agoValue would go to zero the minute you announce confiscation or whatever we call it. And revenue is different from money in the bank or assets.
- Aunche 7y agoRevenue, not profit. Oil is very low margin. Oil companies makes about 7 cents per gallon of gasoline. That's a lot less than the amount of money that is collected from gasoline taxes. https://www.forbes.com/2011/05/10/oil-company-earnings.html#a79a3ca2dc83 https://www.forbes.com/2011/05/10/oil-company-earnings.html#...
- WillPostForFood 7y agoSo, nationalize oil sales revenue to fight to raise money to climate change. See any problem there?