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Energy Investing
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Re: Inflation shock. - DoomMy crystal ball: Supply collusion on oil is now legal. From the White House, Congress, Wall Street, Major oil company boardrooms... they all agree. The AOC/Bernie/Biden climate agenda means all ICEs must be gone by 2035. Oil is bad. Therefore, why increase supply? That would be crazy. Why not follow the logical path and restrict supply and help make the EV reality come sooner? Indeed, what's wrong with $100 a bbl oil? That would be patriotic! Elon Musk would approve. The trick would be for the Majors to promise "green" investments, to gain social license, then slow walk on delivery, all the while doing share buybacks and issuing dividends. Isn't that exactly what they are saying now? I see the Biden administration as a gift to high oil prices. It all started on Nov 4th. We all know our oil stocks are the new tobacco stocks. The danger is a massive tax being imposed for "climate damage". Inflationary? Of course. |
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Msg # | Subject | Author | Recs | Date Posted |
317831 | Re: Inflation shock. - Doom | ReVolvo | 2 | 3/8/2021 12:24:29 AM |
317838 | Re: Inflation shock. - Doom | Bearcatbob | 3 | 3/8/2021 6:22:10 AM |
317840 | Re: Inflation shock. - Doom - $100 oil ? | us2u001 | 5 | 3/8/2021 6:59:30 AM |
317844 | Re: Inflation shock. - Doom | W | 0 | 3/8/2021 7:44:03 AM |