re: Those are valid objections.
>...if the oil companies would get together...
That is precisely the problem, the oil companies have been together for far too long, they now control even the choices we make for public office not to mention the state of technological advance.
It's quite apparent to me that what needs to be done in order to sensibly go forward with new technology, more representative government and a more stable world economy is to divest the oil companies of their control.
In the U.S., nationalization would be a good start.