Heating Oil Weekly Roundup: When Exxon Loved Solar, Gazprom Disses Shale Gas …
Posted by Michael Hoven on February 12, 2010 at 5:03 pm
On the left, one of the winners of a solar power design contest held by Exxon, as featured in a 1977 advertisment. (image: greentechhistory.com)
At HeatingOil.com we've reported on oil majors making a move to invest in renewable energy, but apparently this is an older trend than we realized. Alexis Madrigal's blog, Inventing Green, shows an Exxon advertisement (partially pictured above) from 1977 that features the 10 winners of a design contest for solar-powered housing.
Gazprom, the Russian natural gas giant, had planned to expand into the US market, but the expansion of shale gas production in the US has proven to be an obstacle. The company isn't too worried, though. As Rowena Mason of London's Telegraph reports, Gazprom's exports chief, Alexander Medvedev agrees with environmentalists that shale gas drilling is a "danger to drinking water." He added that is was "unimaginable" that Europe would allow such dangerous drilling practices.
Controversy has surrounded shale gas drilling, but Vincent Fernando of Business Insider reports on a new oil shale drilling technology being investigated that would take center stage in the nightmares of the green movement. It's called the "nuclear-assisted hydrocarbon production method," and would take advantage of the incredible heat released by spent nuclear fuel rods to extract oil trapped in shale formations. If hydrofracking worries you, the combination of nuclear power and oil drilling might seem like Frankenstein's monster come to life, but it could also open up oil fields three times larger than Saudi Arabia's and prevent nuclear proliferation by creating a use for nuclear rods.
Heating Oil Weekly Roundup: When Exxon Loved Solar, Gazprom Disses Shale Gas ...