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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 8649 times)

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AGelbert

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    • Renwable Revolution
By Kurt Cobb, originally published by Resource Insights

June 30, 2019


SNIPPET:

Contrary to the wildly optimistic projections of the U.S. 🦕🦖 Energy Information Administration of continuously growing natural gas supplies through 2040, natural gas production from shale gas wells then is likely to be only a fraction of what it is today.

That would imply a lot of worthless or at least devalued utility and petrochemical infrastructure and a lot of unhappy investors.

Understanding this outcome as likely does not require a paranormal ability to see the future. The evidence is right in front of us now in the balance sheets and income statements of the shale oil and gas companies of America. The industry’s financial condition is in shambles because it simply can’t make money with prices this low. It follows that we cannot reasonably expect investors to suffer continuous losses between now and mid-century in order to subsidize the utility and petrochemical industries with cheap natural gas.

Full article:



 The Hydrocarbon Hellspawn Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME, but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or   PAYING THE FINE! Don't let them get away with it! Pass it on!   
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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