ITALIAN OIL EXEC LIKES SOLAR

Eni says solar only viable alternative energy –BBC
Jo Winterbottom (w/Matthew Lewis), July 21, 2009 (Reuters)

"Italian oil and gas producer Eni thinks the only viable alternative energy source is solar, Chief Executive Paolo Scaroni told BBC World television…"

[Paolo Scaroni, CEO, Eni:] "We think that solar energy is the only one renewable that really can solve our problems…"

Oil and gas will run out sooner or later...(click to enlarge)

"Scaroni said Eni was "quite optimistic" on efforts to find new solar technology it is involved in with the Massachusetts Institute of Technology (MIT) in Boston."

[Paolo Scaroni, CEO, Eni:] "We are convinced that the alternatives being produced today are not the solution…That is the reason why we decided to invest our money in the new technology, in order to provide the world with solar energy which will be really clean and competitive…"

...while sun is almost incalculably abundant. (click to enlarge)

"Eni is investing about 120 million euros over four years in a development programme called "Alongside Energy" on research for alternative sources…Scaroni said Eni had not found the right technology for developing energy from algae."

[Paolo Scaroni, CEO, Eni:] "Hydrocarbons are not the future long-term simply because one day they will not exist any more…"