misterno wrote:This is by far the best research I have ever seen
https://srsroccoreport.com/the-blood-ba ... -industry/
Comments are welcome
3) Take ExxonMobil. Since 2000, they've bought back ~40% of their own stock. But IIRC these shares don't simply disappear, they end up in the piggy bank. And when prices are low and smaller firms are hurting, Exxon takes that piggy bank and goes shopping for new reserves. Why it makes financial sense to buy a company with Exxon shares instead of cash escapes me. But they're done that for a long time.
Financial markets are now betting against the future of the planet. This won't end well
Against this background, the markets are betting against substantive government action, whether in America or anywhere else in the world, to curb climate change. And they are also betting, indirectly, against the habitable future of the planet.
onlooker wrote:http://www.independent.co.uk/voices/oil-tycoons-financial-markets-climate-change-environment-betting-against-future-planet-a7604021.html?utm_source=Daily+Carbon+Briefing&utm_campaign=b4254f380e-cb_daily&utm_medium=email&utm_term=0_876aab4fd7-b4254f380e-303429069
Well this confirms what is becoming evident. Humanity is not and cannot walk away from FF voluntarily. A few excerptsFinancial markets are now betting against the future of the planet. This won't end wellAgainst this background, the markets are betting against substantive government action, whether in America or anywhere else in the world, to curb climate change. And they are also betting, indirectly, against the habitable future of the planet.
In line with what Rock has been saying
CL wrote:Hi there! I'm new to this board and i have a question that im hoping someone can answer.
Here's my question: why would the same not be true for oil production. If the cost of production is going to rise dramatically, wouldn't that mean that the price of oil would also rise?
I'm open to the idea that falling output = falling prices. I just don't understand how that makes sense.
Thanks in advance !!
pstarr wrote:the mortgage crisis . . . all started in 2005 when conventional oil (<45api, deep, dirty) production peaked.
pstarr wrote:Demand collapses not because of price or production levels. But because not enough oil wealth reached the consumer market to pay the oil companies to drill. It's a depression, covered up by debt.
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