Exxon & Chevron need to be kicked from Dow 30 immediately

Discussion in 'Off Topic' started by 101101, Aug 12, 2020.

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  1. 101101

    101101 Well-Known Member

    In order for Tesla to get into the Dow 30 another firm has to be ejected. It will probably be something like Travelers but it shouldn't but. It should be he permanent ejection of the last 2 fossil fuel laggards.

    Tesla is coming into the Dow 30. Its valuation is about equal to Exxon and Chevron combined. These two companies are the last of the fossil fuel companies on the Dow 30 the rest have been kicked. It is important that these last be kicked from the Dow 30 right now. Both are corporate criminals already convicted in the global court of public opinion, and neither has a future politically or economically. When Trump came in he said the so called 'energy' industry (like calling buggy builders the auto industry) was in shambles and apparently his top priority was to rescue them as if profit for pollution was an entitlement. If Trump couldn't do it and you can see he didn't then nothing can. Read the other day the natural gas industry trying to claim it lowered people's utility bills. Like saying Enron lowered people's bills. Can they do anything but lie- people's energy bills have sky rocketed under their unnecessary rent seeking and fraudulent contract driven gouging but that and their massive subsidies didn't prevent their economic failure. If even Blackrock the premier funder of fossil fuels under the Trump admin (more pro fossil fuel than even the Bush Admin) says its divesting fossil fuels we know it is over. Add Tesla to the Dow 30 and kick out these zombies! And lets say Chevron and Exxon were to try to modernize. Like coal companies trying to get into oil their idea of modernization is buying shale but ask Buffet what being a buyer of last resort buying up all the US shale wreckage is like. And it is important to note this happened right before covid not because of covid- covid was a cover story that came along with very curious timing.

    Fossil fuels are simply too lean thermodynamically across their entire supply-logistical-use stack so that the energy you put in across the whole chain relative to the energy you get out is negative or simply unworkable or unsustainable economically and the result is austerity and endless bankruptcies and bailouts and the issues cannot be solved by tech. You'd need tech on the level of efficiently being able to convert energy into matter to solve the issues which obviously would obviate the need for fossil fuels.
     
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  3. bwilson4web

    bwilson4web Well-Known Member Subscriber

    "Dis-investment" is a better approach.

    Bob Wilson
     

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