Not nasty to make some unproven ass-like comment about some rich people?
Oh yes it is.
Wind, tidal, solar, geothermal... there are numerous alternatives that are more abundant, efficient and cleaner. The wealthy who are invested in fossil fuels are ABSOLUTELY "hiding" these technologies because if energy was abundant, how could you charge people for it? I put hiding in quotes because what they actually do is BUY the patents and then stunt the research so it won't compete. Now that there's a growing a demand for alternative energy, they already own the patents. This is a very common business practice by large corporations in every aspect of society. Medicine, energy, computers, agriculture, automobile, etc. Look what they did to Tesla. If you need proof that big oil has dominated solar energy lets look at a time line of solar progression in the U.S.
1973 - Karl Boer formed Solar Energy Systems..soon bought by Shell oil company.
Around 1974, Mobil Oil joint ventured with Tyco Laboratories and created Mobil-Tyco Solar Energy Corporation.
In 1975, Exxon assumed Solar Power Corporation as a wholly owned subsidiary.
In 1977, Atlantic Richfield Company (ARCO) invested in a photovoltaic company in Camarillo, California and began manufacturing solar cells and panels.
In 1980, ARCO Solar was the first company to produce more than 1 megawatt (a thousand kilowatts) of photovoltaic modules in one year.
That same year in 1980, British Petroleum (BP) entered the solar market when it bought out Lucas Energy Systems.
In 1982, ARCO Solar completed the first megawatt-scale photovoltaic power station in Hisperia, California.
In 1983, ARCO Solar dedicated a 6-megawatt photovoltaic substation in central California.
Around 1983, AMOCO Solar Company, a subsidiary of American Oil Company (AMOCO) acquired the Solarex factory in Frederick, Maryland.
In 1986 ARCO Solar built the first utility-scale photovoltaic generating facility in Texas and also introduced the first commercial thin film photovoltaic module.
Then in 1987, Solarex, AMOCO’s subsidiary, sued ARCO Solar for patent violations, effectively halting ARCO’s Solar’s photovoltaic business.
In 1993, Solarex sued United Solar, a joint venture of Energy Conversion Devices and Canon of Japan, for patent infringement practices.
During the same year, Mobil Oil closed its 19-year solar demonstration plant in Billerica, Massachusetts. The New York Times reported that Mobil stated that although it had developed more efficient, less expensive solar cells, “the electric utility industry market for solar energy is small and is unlikely to grow to large-scale demand in the near term.”
In 1995, Solarex changed its name when Enron Corporation of Houston and AMOCO/Solarex entered into a joint venture and merged into Amoco/Enron Solar, each of the corporate partners owning 50-percent interest in the photovoltaic company.
In 1998, in the world’s largest industrial merger, AMOCO merged with BP. In 1999, BP AMOCO purchased Enron’s 50-percent share and created BP Solarex, and in 2000, BP acquired ARCO now officially known as BP West Coast Products LLC.
BP Solar is now one of the largest solar manufacturing companies in the world. In March 2010, BP announced it will close the Frederick, Maryland manufacturing plant and move its business into facilities in China, India and other countries.
This is not some conspiracy theory... it's a completely acceptable business model. We should have been converted to solar already but the people who stand to lose money have done their best to slow the progress. We know how deeply oil is entwined with government and we now know that members of government own solar energy, too.