Why are there Gulf Oil gas stations if Gulf Oil doesn't exist anymore?
139281
When a company acquires another they get all the brands and trademarks as well.  Texaco was bought out by Chevron, for example, but they still run the Texaco havoline car in Nascar because it has brand loyaty.  Also, sometimes it takes a while to complete an acquistion and merge cultures and compaines.
298246
There are only two. One is that oil is a very concentrated form of energy. Having cars run on gas is far more feasible than powering them by, say, burning wood. You just don't get enough of a return on the use of that type of energy. Second is that it is relatively easy to access, at least thus far. One of the things that will happen as oil becomes more scarce is that we will have to try to drill for oil that is in much less accessible places, such as the north sea, or in much deeper deposits. There used to be a third advantage - that it seemed plentiful, if not inexhaustible. This advantage has been proven to be a myth.
6569
we only have 1,000 billion of reserves that at 77 million/day, suggests there could only be some 36 years of production remaining.  There are still substantial reserves of gas and coal but the age of cheap tranportation driven by cheap oil are numbered!!!
405461
A couple of years ago, all the Amoco stations in my city became British Petroleum, But I don't think they have much to do with Mobil except that they both are making us take it in our arses with the gas prices. Funny how the oil industry has claimed the highest earnings ever in history last year, yet they "claim" that they are only making a small profit. Hmm...
970194
It is a non-renewable fossil fuel.  Oil and natural gas are also fossil fuels.
561541
Try Reading the END OF OIL by Paul Roberts.\nIt'll run out a darn-sight sooner than we thought!\nOIL companies have/did lie about the amount of oil they have left.\nThe oil that is being pumped now has 2 go thru more refining than ever B4 & is down 2 the amount of Sea water they pump in 2 the fields.\nEverytime a alternative 2 oil is investigated the Oil companies surpress the data.  They R not going 2 give up on oil until every last drop has been extracted & no-one can predict exactly what affect this will have on the Planet. I'm sure that any warnings would proberly supressed by the oil companies 2.
478800
WRITE CONGRESS AND THE SENATE AND ASK WHY THEY WILL NOT RELEASE OUR OIL RESERVES???? THIS WOULD HELP BRING DOWN THE PRICE OF GAS!!! ALSO ASK WHY WE HAVE NOT BUILT ANY MORE REFINERIES IN DECADES!! THE OIL COMPANIES PURCHASED ONE A FEW YEARS BACK AND SHUT IT DOWN AND REFUSE TO OPEN IT AGAIN!!The soaring profits have already attracted the attention of many members of Congress. On Tuesday, House Speaker Dennis Hastert warned companies that any price gouging is "unacceptable, and any company who does it will be prosecuted." He urged the oil companies to explain to the American public what they are doing to bring down the cost of oil and natural gas. And he urged them to build new refineries and pipelines. THERE HAS BEEN NO NEW OIL REFINERIES BUILT IN THE USA SINCE 1976! WHY HUGE PROFITS AND THEY WON'T DO ANYTHIGN ABOUT IT!!!
304008
Not really.  If everyone stopped buying from Exxon and used the other providers, then the other providers would run out of gas pretty quickly due to supply and demand chain effects.  What would happen is that they would buy their gas from Exxon and overall all prices would go up, not down.\n\nFull mythbuster at Snopes.\n\nhttp://www.snopes.com/politics/gasoline/gasout.asp
223519
Have you checked the fuel prices lately?  I think people are looking for an alternative fuel source because of the rising prices of gas.  Not only that, this whole gas exploration thing creates such a power play in the world and even causes wars and embargoes.
531651
There rarely exists a "hollow area."  The oil occupies tiny voids within the (sand?) strata and often collects in usable amounts in domes and folds capped by impervious rock.  After the oil is extracted the land above often settles as the voids compact.
1165951
All over the place.  All along the Pacific Coast for example.  There are lots of reasons, not just hiding reserves.  Environmental concern is one reason.  Strategic reserves another.  Why not dry up all the foreign oil before we fully deplete ours?
1108094
The National Assessment of United States Oil and Gas Resources prepared by the U.S. Geological Survey (USGS) provides estimates of quantities of technically recoverable oil and natural gas that could be added to our already proved reserves in the onshore and State offshore areas of the United States.\n\nit is table format so you should go to this link to look \n\nhttp://pubs.usgs.gov/fs/fs024-98/table1.htm
572093
I've asked that question, and don't get a decent answer.  Funny how they all disappeared after Bush was supposedly elected isn't it?  Just like the energy crisis disapeared in California.
1179791
I'm not being awkward but the answer is easy.\n\nThe oil companies are developing the replacement.  They have far too much to lose to not cover their future.\nWould you want to explain to the shareholders?  Oh dear we've run out of oil, that's your lot & no more money.\n\nThey're busy working away at it & it's anybodies guess right now what that alternative might be.\nAny takers?
42686
yes and no\n\nyes because gas is necessity at this point, if you have the money then why not try it.\nBut you have to consider a lot of things; 1st gas stations has high level of competition, you must have a good location for a good profit; 2nd return of investment too slow, maybe it will take you 3 to 5 years to earn good; 3rd oil has unstable supply thats why oil prices gets high; 4th it has high overhead expense, so you will be needing a lot of money to support your expenses.
676522
How Saudi Arabia looks now is not the same as it looked when the source rock for the hydrocarbons was being laid down. Continents drift, move from north, south, east and west. Just because there is a desert there now, doesnt suggest that there will always be a desert!
384350
The only correct answer is 'no one knows'.  You may be too young to remember the oil/gas crises of the 1970's.  At that time, virtually every expert said the world's oil supply would run out in 15 more years.  Well, the early 90's came and went, the world consumed a lot of oil, and today, the known world stores of oil are GREATER than they were then.  You can look these facts up in Forbes Magazine.\n\nBest wishes.