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Resources stocks slid back, with BHP Billiton losing 1.9%, to 37.98 Australian dollars ($32.95); Rio Tinto giving back 2.4%, to 115.15 Australian dollars ($99.89); and Woodside Petroleum off by 2.5%, to 54.20 Australian dollars ($47.02).
Oil stocks were weak, with Chevron down $2.46, to $87.76; and Phillips Petroleum off $2.94, to $55.65.
But the experiment underscores the tremendous path that hydrogen must travel before it can nudge petroleum off our roads and highways.
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Woodside Petroleum was off 3.3%, while Santos dropped 5.0%.
Woodside Petroleum was off 3.7%, to 67.45 Australian dollars ($64.85), while Santos dropped 6.6%, to 19.25 Australian dollars ($18.51).
"Energy independence, energy security and energy diversity should be at the top of the list of the economy," says Cogan. "We continue to send petroleum dollars off shore, and that has to stop".
Don't wash petroleum jelly off after you wake up.
The immediate concerns for the Bank includes anchor damage, prop blast, and abrasion by large oil tankers maneuvering off the petroleum trans-shipment facilities on St. Eustatius, petroleum spillage and subsequent use of dispersants, possible overfishing for certain species, and exploration for petroleum reserves (so far unsuccessful).
"The demand is there to get off petroleum.
Regardless of which camp is right, he argues that society should be doing the same things anyway to wean itself off petroleum altogether.
The dispute over whether oil-rich countries should be compensated if the world weans itself off petroleum was just one of many sharp splits among participants.
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