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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 6929 times)

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AGelbert

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    • Renwable Revolution
Back to where we were at the start of the year, outlook negative:

About three months ago, Palloy "concluded" that the price of oil would go up. I told him he was wrong. I predicted that the price would NOT go up, but go DOWN because of demand destruction and efficiency improvements.

I was right. But don't expect Palloy to admit he was wrong OR that I was right. He is not into admitting his flawed conclusions, especially about fossil fuels and their price.

But it is nice to see Palloy face reality for a change. 

Fri Jul 29, 2016 3:05pm EDT  Related:  Global Energy News 

Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
HOUSTON  |  By Ernest Scheyder

http://www.marketbeat.com/stories.aspx?story=http%3a%2f%2ffeeds.reuters.com%2f%7er%2freuters%2fbusinessNews%2f%7e3%2fPSEkMg3xd0Y%2fus-oil-results-idUSKCN1091QU





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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