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> ExxonMobil's operating revenue is $413.7bn USD. I'll be surprised if someone isn't getting whacked if they let the free energy genie out of the bottle. Most
by com2kid 3y ago
> ExxonMobil's operating revenue is $413.7bn USD. I'll be surprised if someone isn't getting whacked if they let the free energy genie out of the bottle.
Most of ExxonMobil's revenue seems to come from oil (https://www.statista.com/statistics/1034911/exxonmobil-revenue-fossil-fuel-type/ https://www.statista.com/statistics/1034911/exxonmobil-reven...), where as I presume free electricity would primarily impact their natural gas revenue.
Also isn't ExxonMobil one of those strange vertically integrated situations where most of their revenue comes from themselves? They drill the oil, then process it through their own plants which results in them paying themselves lots of money, but I may be mis-remembering that.
Anyway, solar is coming, wind is coming, and electric cars are coming, and no one is getting gunned down in the streets.
Heck China would love infinite free energy! So would any other country that wants completely dominate heavy industry overnight.
> Energy isn't cheap in the UK.
It has been a long time since the UK highly subsidized heavy manufacturing.
Energy prices have of course been going up everywhere, as, most people, realize cheap energy that results in dead kids and cancer for everyone was, in retrospect, really stupid.
> Furthermore, today, water reserves are a problem for the dam, and power generation was being suspended late last year due to it.
Infinite free energy would solve all water reserve problems, although it might end up being an environmental disaster near ocean shorelines...