GM Admits To Peak Oil (maybe)
522 Views“THE world’s biggest car maker, General Motors, believes the global oil supply has peaked and a switch to electric cars is inevitable.
In a stunning announcement at the opening of the Detroit Motor Show yesterday, GM’s chairman and chief executive officer, Rick Wagoner, said ethanol was an important interim solution to the demand for oil, until battery technology gave electric cars the range of petrol-powered cars.” General Motors CEO: Oil Has Peaked
Idiots. Only fools don’t know or don’t admit to the peak oil crisis. And claiming that ethonoal is a “important interim solution” is about as bright as a 5 watt light bulb during a brownout.
What they’re really saying is, it’s business as usual, buy more useless crap from us, and don’t change a thing. The rich get richer, and the poor get poorer (and hungrier).
January 16th, 2008 at 7:12 pm
I can’t they will care after their rescap/GMAC problems hit the books. Now that may be a stunning announcement. or maybe ‘greening’ is part of their positioning for life after bankruptcy?
January 17th, 2008 at 6:31 am
“Idiots. Only fools don’t know or don’t admit to the peak oil crisis.”
Someone please let that fool Kevin over on Cryptogon in on this little tidbit. He’s still convinced it is just another big conspiracy.