If I was the head of one of these big bad oil companies I would be putting as much cash as I could into developing a viable alternative to oil. Why? Because I have no clue what the other companies are working on and I want to make sure I'm not put out of business by them. I want to be the one with the new tech that will ruin the others. It's not just the other oil companies I would have to worry about. It's every other tech company and research organization.
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