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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 8298 times)

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AGelbert

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The Doom Of Fossil Fuel Investments 

November 18th, 2018 by Guest Contributor

By Nathanael Nerode

SNIPPET:

Summary

• There is a very short window of time to get out of pure-play oil & gas company investments without substantial losses. It is imperative to sell them now.

• It is already too late to get out of pure-play coal company investments without substantial losses. But they will lose even more money going forward.

• Utility companies which have a heavy reliance on fossil fuels are also in trouble.
Diversified companies will lose money on their coal, oil, and gas portfolios, although this may not be significant enough to warrant getting out of a diversified company.

• It will remain possible to do short-term swing trading in coal, oil, and gas companies with no future, but this is inappropriately risky behavior for a conservative investor.

The Reasons

• Oil demand is mostly for cars & trucks and will be destroyed by ...

Full article:

https://cleantechnica.com/2018/11/18/the-doom-of-fossil-fuel-investments/
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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