Renewable Revolution

Wolf Richter has an article up about the numbers here.  We're already at 100 BKs of major companies halfway through the year, set to surpass the record of 180 in 2009.  More to come after that in 2017.

RE

Well, the important thing to understand about fossil fuel corporations in general, and oil and gas majors in particular, is that they LIE to EVERYBODY, even the bankruptcy courts that BABY them back to life when there is NO REASON to allow them to restructure. MOST of the bankruptcies in Texas that have been allowed to limp along on chapter 11 were based on $65 a barrel or MORE prices materializing in 2016. It HASN'T happened.

Now imagine if a solar panel, wind turbine or EV corporation was bleeding the same way. Renewable energy providers would NOT be given a snowball's chance in hell by bankruptcy courts or Wall Street of obtaining a Chapter 11 restructuring.

I turn blue in the face just thinking about how much THEFT is going on 24/7 by these oil and gas bastards. For example, that giant loss that Exxon just posted is probably about HALF what they ACTUALLY are bleeding.

IOW, what we are seeing is MUCH WORSE than the reality. AND it has BEEN GOING ON FOR OVER TWO YEARS!

What we find out is about two years behind and thoroughly watered down. 

The incredible accounting jabberwoky the fossil fuel pigs make up as they go along involves 24/7 TOTAL MENS REA.

They need to be destroyed for the good of humanity.