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July 10, 2005 – Vol.10 No.16

CHEVRON WANTS YOUR HELP.

What can be done about the future of energy on the planet, they ask.

Chevron has launched a new advertising campaign and a website in an effort to bring the energy issue - the supply and demand of oil, alternatives, and energy related environmental issues - into the eyes of the public, government, business and industry. They’re looking for ideas and they want your input via a discussion group, the Will You Join Us website.

(At least one U.S. Congressman has joined the discussion.)

Periodically Chevron will post new questions at the site. The current question for discussion is: How can we make oil and gas supplies last longer as the search for other fuels continues?

Surprisingly candid, Chevron says this in Will You Join Us :

“Fossil fuels currently supply most of the world’s energy, and are expected to continue to do so for the foreseeable future. While supplies are currently abundant, they won’t last forever. Oil production is in decline in 33 of the 48 largest oil producing countries, yet energy demand is increasing around the globe as economies grow and nations develop.”

Chevron, like traditional oil companies such as Shell and BP, want to remain in the energy business whatever twists and turns it might make in the next few years and decades.

For instance Cobasys, Chevron’s joint venture of Chevron Technology Ventures and Energy Conversion Devices (ECD) has announced it has granted royalty bearing license rights to Panasonic EV Energy (PEVE) (itself a joint venture of Matsushita Electric and Toyota) to market nickel metal hydride batteries for vehicle applications (42 volt, hybrids and battery electric vehicles) in North America. The licensing agreement runs until 2014.

So, if hybrids, or electric vehicles, or even fuel cell vehicles with their large battery packs, become the dominant vehicle technology in the future, Chevron will already be in the industrial supply chain.

Visit and join the Will You Join Us at http://www.willyoujoinus.com/

 

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