I’m curious who in this thread will be holding the bag for the Oil &gas sector they are Kodak Blockbuster blackberry Sears and all others who met their Fate
“I’m done with fossil fuels. They’re done,” @MadMoneyOnCNBC's @JimCramer says after oil giants Exxon Mobil and Chevron reported Q4 earnings this morning. “We’re in the death knell phase.” https://cnb.cx/2OdZdLG pic.twitter.com/yl8iP7hpMi
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Wind and Solar approaching 8% of US electric generation. We still need fossil fuels. Many people scream green, but they aren’t significantly moving off it.
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Fossil fuels = Tobacco
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They will linger in the market for a while but it will be a seismic shift over the next 3-5 years.
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Oil priduction stayed the same and exploration expenditures increased by 8%. Somehow I don’t think that the oil majors are going to go quietly into the night, at least not without significant pressure from governments and consumers.
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Don't forget the pressure of cheaper alternative energy sources undermining demand.
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Finance professionals who continue to ignore & deny the inevitable transition away from fossil fuels are deluded & committing malpractice.
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Or prime ministers of Australia
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Cramer is making a very bad choice. I think smart investors will see this pullback in oil and gas prices as temporary, and a buying opportunity in select stocks.
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Ok Boomer
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Čini se da učitavanje traje već neko vrijeme.
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