+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 43
Latest: Heredia05
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 10414
Total Topics: 244
Most Online Today: 3
Most Online Ever: 52
(November 29, 2017, 04:04:44 am)
Users Online
Members: 0
Guests: 1
Total: 1

Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 4652 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 12802
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Down to $41.64.   

Wait till we cross the $40 handle! That should be fun.  :o

RE

Fun isn't a proper description of something that will bring join and discretionary income to so many. But for those of us who use these liquid fuels to explore the world, see new sights, expand our horizons, well….a picture describes our feelings best.

 



Even a cursory look at the operating costs of exploring for and extracting fossil fuels shoes BLATENTLY that the cost of the fuel for the machines does not even reach 10%. Sure, it would be a LOT HIGHER IF you fine fellows did not "EXTERNALIZE" the pollution from burning that fuel on your machines. But you do. And the gooberment you bought helps with your welfare queen creative accounting. Crookedly offloading real costs is not the same as not having them, pal!

The oil companies that are not being hurt as badly by low crude prices are the DOWNSTREAM (gougers 'R' US ) oil predators. They DO NOT explore for, or extract, fossil fuels. Downstream companies will not tend to be hit as hard, since they profit by purchasing crude and selling the refined products at a premium. These profit margins should remain fairly stable even with fluctuating oil prices.

The GOOD part, for people like me  ;D, is that today, most of the big oil companies have both large upstream and downstream operations and are referred to as integrated oil companies. So most of them are getting HAMMERED!


Your claim that an UPSTREAM (i.e. fossil fuel exploration and extraction corporation) operation is happy about low crude prices is B U L L S H I T. Upstream oil producers are hardest hit as their costs to produce oil exceed the market price and they end up operating at a loss. Integrated oil companies, while negatively impacted from their upstream operations, find the blow dampened a bit by their downstream component.

Mking, you get more math challenged every day. Good!   

Quote
"Analysis of historical data shows that over the past seven years eliminating the fossil fuel sector from a global benchmark index would have actually had a small positive return effect. Furthermore, much of the economic effect of excluding fossil fuel stocks could have been replicated with 'fossil free' energy portfolios consisting of energy efficiency and renewable energy stocks, with limited additional tracking error and improved returns."

IMPAX Asset Management Report on the Case for Fossil Fuel divestment.

The Fossil Fuel Industry has given us Degraded Democracy and Profit over Planet Pollution

Fossil Fuels are going the way of the Dodo Bird. Live with it!


http://www.scientificamerican.com/media/inline/how-to-power-the-world_sidebar.jpg

One more thing, Mking: DON'T MAKE ME PULL OUT SOME GRAPHS, PIE CHARTS AND/OR cost/benefit data  SHOWING THE FUEL PERCENTAGE OF various fossil fuel EXPLORATION AND EXTRACTION OPERATING COSTS. I understand managerial accounting reports quite well. I am familiar with the two accounting approaches your pals use: "successful efforts" (SE) method and the "full cost" (FC) method. ;D  With EITHER one, the cost of fuel is PEANUTS among ALL COSTS involved (i.e. Acquisition Costs, Exploration Costs, Development Costs and Production Costs).

You have already embarrassed yourself quite enough for today.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

Related Topics

  Subject / Started by Replies Last post
50 Replies
3472 Views
Last post October 17, 2017, 03:13:27 pm
by AGelbert
227 Replies
8923 Views
Last post August 04, 2018, 09:16:28 pm
by AGelbert
1 Replies
561 Views
Last post May 20, 2014, 06:34:43 pm
by AGelbert
0 Replies
211 Views
Last post January 20, 2015, 02:57:07 pm
by AGelbert
5 Replies
26 Views
Last post July 08, 2018, 04:31:57 pm
by AGelbert

+-Recent Topics

Corruption in Government by AGelbert
August 16, 2018, 08:54:59 pm

Global Warming is WITH US by AGelbert
August 15, 2018, 07:54:26 pm

The Big Picture of Renewable Energy Growth by AGelbert
August 15, 2018, 05:31:39 pm

Profiles in Courage by AGelbert
August 15, 2018, 03:19:09 pm

Genocide by AGelbert
August 15, 2018, 12:43:04 pm

Photvoltaics (PV) by AGelbert
August 15, 2018, 12:21:45 pm

Electric Vehicles by AGelbert
August 15, 2018, 11:55:23 am

Pollution by AGelbert
August 14, 2018, 10:37:03 pm

Hydrocarbon Crooks Evil Actions by AGelbert
August 14, 2018, 06:22:50 pm

Key Historical Events ...THAT YOU MAY HAVE NEVER HEARD OF by AGelbert
August 14, 2018, 12:33:00 pm