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What do you think this is the type of comment, which the administration also keeps making, actually means? The subtext is: these companies are doing well, and
by thepasswordis 4y ago
What do you think this is the type of comment, which the administration also keeps making, actually means?
The subtext is: these companies are doing well, and that's a bad thing. How do you think that effects their desire to bring down costs for consumers?
And also: yeah, their profits are up, because due to the actions of the administration people are uncertain about their ability to buy this stuff in the future, and the futures cost goes up.
Watch the end of this clip: https://www.youtube.com/watch?v=0tOQ5AaFJdU https://www.youtube.com/watch?v=0tOQ5AaFJdU
The question is: do you think this will accelerate us towards a a green energy future.
Her answer: yes, and that's a good thing for the following reasons.
BTW, a green energy future is one where these oil companies are out of business. The energy secretary is saying that she wants these companies to accelerate their own demise at a decreased profit, and how there eventual disappearance is a good thing.
Yeah, gas prices are up. No kidding.
- selimthegrim 4y agoThese companies are not going to invest in new production anyway, they are going to return dividends to shareholders. You are setting up a straw man.
- namelessoracle 4y agoHaven't the oil companies stated they feel its doing more right by their investor putting the money back to the shareholders than invest in a project that has a likelihood of getting shut down by the government?
- frankharv 4y agoAfter watching sleepy Joe cancel the Keystone pipeline who in their right mind would invest in new infrastructure?
- collegeburner 4y agothey can't bc investors are scared af about what the future is. biden and his buddies been attacking oil and gas for years now then they wanna flip a switch and have everybody go back to investing in production. then 2 yrs from now they gonna go back to attacking it and straight up cancelling projects and refusing to permit shit and companies won't be able to pay off the assets. it was a mistake to focus on attacking o&g when alternatives still aint ready yet.
- selimthegrim 4y agoYou realize big hedge and mutual funds have started including ESG in their shareholder prospectuses too?
- collegeburner 4y agoyes lol but most of those just have to invest like 20% of their assets in esg or smth. esg is also more commonly exclude oil companies so they aren't the shareholders pushing that. it's kinda funny some of the big esg funds literally have energy companies as their top performing picks rn.