The Politics of Oil

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the end to oil wars



Throughout this class one underlying thought has lingered in the back of my mind concerning the staggering importance of and dependence on oil on a worldwide scale.  Obviously, the overriding power that oil possesses is its ubiquitous presence in nearly every facet of our lives, but most importantly, especially as Americans, in the form of gasoline.  Gasoline is the umbilical cord that maintains the oil industry and, in turn, effectively governs world politics. 
 
With this in mind, it is baffling to me that there does not exist an aggressive world focus by oil companies and governments to stem this crippling dependence.  The one advancement that would make this entire simulation game irrelevant would be the development of at least a prototype hydrogen engine.  As I have researched my own company in the game, BP, who is in large part the most progressive of the oil companies in the pursuit to develop such alternatives as solar and hydrogen power, the actual percentage of revenues spent on these enterprises is of course dwarfed by expenditures in their hydrocarbon divisions.
 
My question is this; why is this so?  It would seem that the first company to successfully test and manufacture such an engine would be in position to become the next Standard Oil in terms of domination of an entirely new market.
 
Thoughts?

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