Climate Technology

Big Oil and Big Auto get into a war of words

Writing on a private company blog directed at journalists and analysts, Chrysler's head spokesflack Jason Vines aimed the big guns at Big Oil:

Despite a documented history of blowing their exorbitant profits on outlandish executive salaries and stock buybacks, and hoarding their bounty by avoiding technologies, policies and legislation that would protect the population and environment and lower fuel costs, Big Oil insists on transferring all of that responsibility on the auto companies.

Yes, even though the automakers have spent billions developing cleaner, more efficient technologies such as high-feature engines, hybrid powertrains, multi-displacement systems, flexible fuel vehicles, and fuel cells, Big Oil would rather fill the pockets of its executives and shareholders, rather than spend sufficient amounts to reduce the price of fuel, letting consumers, during tough economic times, pick up the tab.

He goes on to blast oil companies for refusing to invest in new refineries, develop alternative fuels, or build alternative-fuel stations.

As we say in the journalist-and-analyst business: Oh, snap!

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Chop Revenuey

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