Down goes the Dow

Other guy wrote:

Racket wrote:

They all see the writing on the wall and they're trying to convert to solar and wind (and LNG of course). Look at the demise of coal - it's even worse.

What's amazing is that a lot of these US companies are turning to renewables even though there's no real mandate from the White House to do so. This administration is probably the least climate change friendly one we've had but at the end of the day good ol' fashioned price signals remain undefeated.

Watch the new documentary on renewables...totally backed by coal and natural gas.

Just another scam

the market is saying green energy is anything but a scam. Costs are crashing and renewables are cheaper than fossil fuels in many instances.

I mean Texas should know - that state is leading the world in green energy.

Sally Vix wrote:

Exxon's stock price hasn't done anything for 15 years.

I wish. My XOM is down almost 50%.

Other guy wrote:

Racket wrote:

They all see the writing on the wall and they're trying to convert to solar and wind (and LNG of course). Look at the demise of coal - it's even worse.

What's amazing is that a lot of these US companies are turning to renewables even though there's no real mandate from the White House to do so. This administration is probably the least climate change friendly one we've had but at the end of the day good ol' fashioned price signals remain undefeated.

Watch the new documentary on renewables...totally backed by coal and natural gas.

Just another scam

Backed by natural gas, yes. But if the past 10 years in the coal industry have shown anything it that's "Big Coal" is anything but big. No one will finance them, no one will insure them, coal miners are way too expensive (average salaries approach 6 figures), it's too dangerous, and above all else - prices in solar and wind get cheaper every single day. Add to that the fact that LNG is about 1000x more efficient and, for the time being, has a lot less stigma around it, this is really not hard to grasp.

It's not some conspiracy. Coal was your grandpa's energy source. It's 2020 now

I find it funny that the Republicans "support the free market!"

But yet they want subsidies and focus on "reviving" the old coal that the market isn't wanting as much anymore... so much for a free market.

wondering wrote:

agip wrote:

Big oil knows it is no longer in a growth business. Their stocks going nowhere for 10 years during a bull market also tell us that.

https://twitter.com/bopinion/status/1316925638717169666?s=21

Oops! Didn’t Igy just buy big oil?

Opps yourself, ha, ha ha....

Bought XLE 10/2, up 8.53%, QQQ up 6.22% same period.

You lose Troll!

?

Swaglord_the_real_one_1_1 wrote:

I find it funny that the Republicans "support the free market!"

But yet they want subsidies and focus on "reviving" the old coal that the market isn't wanting as much anymore... so much for a free market.

If you vote for the president, lots of gummint dollars come your way.

agip wrote:

Other guy wrote:

Watch the new documentary on renewables...totally backed by coal and natural gas.

Just another scam

the market is saying green energy is anything but a scam. Costs are crashing and renewables are cheaper than fossil fuels in many instances.

I mean Texas should know - that state is leading the world in green energy.

Watch the documentary. It is a scam. Green energy has led to increased use of fossil fuels, not reduced them.

Other guy wrote:

agip wrote:

the market is saying green energy is anything but a scam. Costs are crashing and renewables are cheaper than fossil fuels in many instances.

I mean Texas should know - that state is leading the world in green energy.

Watch the documentary. It is a scam. Green energy has led to increased use of fossil fuels, not reduced them.

No one denies the rise and abundance of ultra cheap LNG. That's not a scam or a conspiracy. Not really sure what narrative you're trying to push here.

It's pretty telling though when most major oil companies are looking to completely refactor their entire business model away from oil though. Shell and BP are just two examples. Like I said, there's some all-star undefeated slugger forces at play here called "supply and demand" and "price signals."

Other guy wrote:

agip wrote:

the market is saying green energy is anything but a scam. Costs are crashing and renewables are cheaper than fossil fuels in many instances.

I mean Texas should know - that state is leading the world in green energy.

Watch the documentary. It is a scam. Green energy has led to increased use of fossil fuels, not reduced them.

One can look to the disaster that California is to see how the New Green Deal would actually work.

Without subsidies to farmers, cost would be much higher in the store. Look at the price of food in other countries. You will either pay in the store or with taxes but you will pay. In a free market for food, a loaf of bread would easily be $5 and milk would be $5 a gallon or more. If the government wasn't involved in agriculture, farmers would be better off and more profitable.

Planet of the Humans.

Must watch

[quote]Racket wrote:

No one denies the rise and abundance of ultra cheap LNG. That's not a scam or a conspiracy. Not really sure what narrative you're trying to push here.

The narrative -- aka the facts -- is that this whole Green Energy thing has not lessened but in fact increased our Carbon Footprint.

Watch the damned film and get back to me.

Planet of the Humans

Other guy wrote:

[quote]Racket wrote:

No one denies the rise and abundance of ultra cheap LNG. That's not a scam or a conspiracy. Not really sure what narrative you're trying to push here.

The narrative -- aka the facts -- is that this whole Green Energy thing has not lessened but in fact increased our Carbon Footprint.

Watch the damned film and get back to me.

Planet of the Humans

the government has a role in pushing the nation off fossil fuels.

sure, it takes some subsidies. The government encourages virtuous behavior all the time. Not just in this.

The world will stop burning things for energy. Governments are correctly doing their job to get the nation prepared for that.

Other guy wrote:

Planet of the Humans.

Must watch

From wikipedia on the movie (directed by Michael Moore, who should have stfu'd a decade ago)

The movie was criticized as outdated and misleading by climate scientists

Sounds very much like a "must not watch."

Racket wrote:

Other guy wrote:

Planet of the Humans.

Must watch

From wikipedia on the movie (directed by Michael Moore, who should have stfu'd a decade ago)

The movie was criticized as outdated and misleading by climate scientists

Sounds very much like a "must not watch."

Oh sorry, produced and backed by Michael Moore, not directed

Ghost of Igloi wrote:

wondering wrote:

Oops! Didn’t Igy just buy big oil?

Opps yourself, ha, ha ha....

Bought XLE 10/2, up 8.53%, QQQ up 6.22% same period.

You lose Troll!

?

I just asked a question. How did I lose?

wondering wrote:

Ghost of Igloi wrote:

Opps yourself, ha, ha ha....

Bought XLE 10/2, up 8.53%, QQQ up 6.22% same period.

You lose Troll!

?

I just asked a question. How did I lose?

You lose because you don’t have anything better to do than Troll me. And you have been doing it for over five years.

Ghost of Igloi wrote:

wondering wrote:

I just asked a question. How did I lose?

You lose because you don’t have anything better to do than Troll me. And you have been doing it for over five years.

You did straight up claim oil would be a great stable long term bet. I mean yeah it's stable - stably sh!t

Racket wrote:

Ghost of Igloi wrote:

You lose because you don’t have anything better to do than Troll me. And you have been doing it for over five years.

You did straight up claim oil would be a great stable long term bet. I mean yeah it's stable - stably sh!t

Well, aren’t you having a tizzy. Must be a millennial or hipster, believe in a narrative thing. ?

That said, I believe that oil demand will be historically less in the future, but I so is supply. At $40 a barrel and stocks down 50%, XLE is a far better value than MSFT.