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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 5742 times)

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  • Location: Colchester, Vermont
    • Renwable Revolution
Amicable Discussion  ;D with a fossil fueler mocking Renewable Energy as a factor in fossil fuel demand destruction:

Renewable energy=                                 =Fossil Fuelers

See my posting on what us renewable energy folks are now using for renewable powered personal transport!!

Not only can we have our renewable electrical generation, but we can have style, size and comfort as well!!

13%+ renewable electricity last I checked on the grid stats, and 20%+ from my own power generation!! Sitting at the 33% renewable mark as we speak!! Go renewables!!

See THIS post about what MKing wants to label "deflation" (LOL!).

The center of this commodity collapse is the energy market.

Chevron's earnings were down a dramatic 90% from last year. Exxon's were down 51% y-o-y, the worst quarter since early 2009.

The collapse in energy shares alone adds up to $1.3 Trillion and is expected to create a $4.4 Trillion hole in energy company earnings over the next three years.


The Commodity Market Wipeout


You should have sold SLB when I advised you too, Mr. day late and a dollar short.  Don't pretend I didn't do that over six months ago. I also called the first floor on the oil price. Here we are again!  Notice that the SAME floor I called then is where we are NOW.

There is a significant difference NOW, however. You will notice, if you bother to look, that tanker stocks aren't booming like the last time. This time, panic is taking hold from the REJECTION and DEFECTION part of demand destruction you (and some others here  ;)) refuse to recognize.

That said, the really big difference now from the first price floor is in the old reliable Baltic Dry Index. That was flashing super red in the summer of 2008. There it is again. 

The Baltic Dry Index is Shouting "Danger, Will Robinson!" But Are Investors Listening?

In the Commodity Market Wipeout article you will NOTE that in the summer of 2008, as is the case THIS summer, the writing was on the wall for the fun and games that arrived in the fall of 2008.

However, THIS time it is going to be a great deal more difficult for your pals at the Fed to pull the bankers and the fossil fuel industry asses out of the imminent bankruptcy from stock tanking 'toilet'.

I write this only in the hope that those not ideologically straight jacketed, like you, will see reason.

I know you won't listen and sell before you are wiped out. Too bad for you.
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12


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