Lee R. Raymond Quotes
There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.
Raymond, Lee R. "Interview with Lee R. Raymond." Religion & Liberty, Acton Institute, 1999.
His assertion that wind energy is less expensive than the fossil fuel alternative is not accurate if one accounts for the costs on the basis of conventional accounting methods. It was at that time more expensive which is why it’s use was limited. However, the existing methods of accounting did not charge the fossil fuels for the environmental degregation that they cause and the cost to society to overcome these or live with them. More important there is no charge to the cost of fossil fuels for the deleterious health effects that their extraction and use cause. Global warming / climate change is not considered at all in the economic analysis.
The American public did not accept the need for conservation during Carter’s administration. Carter and many people then thought the major problem was that we were running out of fossil fuels. With shale gas and other techniques there was much more fuel that was suspected. However, the real problem was clean fuel and carbon causing global warming. So wind, solar and other “clean” energy sources have become very inporantant.
See {635006} for a slightly earlier French solar engine. Much of the most effective uses of Solar power uses the concentrated heat of the sun to heat water or some other substance like this device. The vast majority of the hot water heaters in Israel function on this principle—no electricity or any other fossil fuel. The only reason that the solar engines of the time were more costly where fuel was available is that no one realized the huge environmental consequence of the fossil fuels. Today we do realize that but do not charge the oil and gas companies and consumers to cover the costs of fixing what we know about and are able to remedy. Solar powered equipment is not a modern invention however and has been with us for well over a century. Paul Collins wrote “He calculated that solar power cost about ten times as much as coal, so that until coal began to run out, solar power would not be economically feasible. But this, to him, was not a sign of failure—there was no question that fossil fuels would indeed run out someday. The great engineer maintained an unshakeable belief in the future of solar power to his last breath; he had set up a large engine in his backyard and was still perfecting it when he collapsed in early 1889. Though his doctor made him rest, Ericsson could not sleep at night: he complained that he could not stop thinking about his work yet to be done.” The only reason that the solar engines of the time were more costly where fuel was available is that no one realized the huge environmental consequence of the fossil fuels. Today we do realize that, but do not charge the oil and gas companies and therefore consumers cover the costs of fixing what we know about and are able to remedy. Solar powered equipment is not a modern invention however and has been with us for well over a century.
Nuclear fusion is different from nuclear fission that currently powers atomic power plants. Fusion is the process the sun uses to generate all its power. Scientists understand exactly how fusion works—it’s much simpler than fission, but actually creating a way of doing it on earth has been a very difficult challenge. The National Ignition Facility has been trying to produce a fusion reaction for a number of years with no success.
Lee R. Raymond is an American businessman and the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and served as president from 1987 and a director beginning in 1984.