US Fossil fuels are no longer blue-chips

[Anonymous No.16101002]

Why? For several reasons:
>Since June 2014's all-time high, ExxonMobil's stock has collapsed by nearly 36%
>Myriads of investors large and small are ready to divest over climate change concerns.
>Reputation has been decreasing as a result of these concerns, especially in the aftermath of the beginning of the Extinction Rebellion protests of late April
>Many older petrol stocks are poised to hit the levels they were during the 2008 recession, and BP has not recovered from the Deepwater Horizon spill.
>Valero suffered 2 bull markets just 3 months apart
>There does appear to be a bubble in several stocks, especially in Chevron and Philips 66.
DO NOT INVEST IN FOSSILS

[Anonymous No.16101727]

Oil originating from fossils is actually just a theory and has never been scientifically proven.

https://www.livescience.com/9404-mysterious-origin-supply-oil.html

>The idea that petroleum is formed from dead organic matter is known as the "biogenic theory" of petroleum formation and was first proposed by a Russian scientist almost 250 years ago.
>In the 1950's, however, a few Russian scientists began questioning this traditional view and proposed instead that petroleum could form naturally deep inside the Earth.
>If abiogenic petroleum sources are indeed found to be abundant, it would mean Earth contains vast reserves of untapped petroleum and, since other rocky objects formed from the same raw material as Earth, that crude oil might exist on other planets or moons in the solar system, scientists say.

OP is probably just a scam "green" energy shill who wants to sell us overpriced solar power, while the oil companies create artificial scarcity to charge us more for their oil. It's mutually beneficial.

[Anonymous No.16101764]

>>16101727
Based retard

[Anonymous No.16101809]

>>16101764

[Anonymous No.16101845]

>>16101809
No wonder the commies want to force the US off of combustion based energy and let chinks and pajeets continue to use it.

[Anonymous No.16101879]

>>16101809
>2013
Wind and solar have achieved price parity in much of the U.S. and Europe as of the last few years. Everywhere else won't be far behind.
I'm literally an energy engineer phoneposting at work, likely won't respond again little buddy.
But by all means keep shilling your dying commodity like a good goy.

[Anonymous No.16101889]

>>16101002
We want to reduce our negative impact on the planet, by stopping the subsidies and investment in the oil industry.

Yet we have no realistic alternative other than cars driven by Canadian horses.

If we really wanted to reduce our footprint, we would reduce the productions of cars. WTF would we need a new car model to come out every fucking years. We should make that last 50 years. Not electric cars who's lithium battery will end up in the ground in 5 years. The cubans have been riding and repairing the sames cars since the embargo.

[Anonymous No.16101908]

>>16101879
OP here, I do hear that much of Africa is going straight to green. Just wait till those countries develop, then fossils will be gone for good.

[Anonymous No.16101944]

https://rense.com/general63/refil.htm

>Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low.

>Recent measurements in a major oil field show "that the fluids were changing over time; that very light oil and gas were being injected from below, even as the producing [oil pumping] was going on," said chemical oceanographer Mahlon "Chuck" Kennicutt. "They are refilling as we speak. But whether this is a worldwide phenomenon, we don't know."

Energy was dirt cheap during the 1950s to 1990s when coal, oil, natural gas and nuclear power weren't as regulated. This is what created the high quality of life and top-tier civilization we've become accustomed to.
The old elites hate this because they can't charge exorbitant amounts of money on us anymore like they had in the past when they controlled all of the energy sources. That's why they created this manufactured global warming "crisis" to force everyone to buy their exclusive "green' energy that they control.

Tell me, how the fuck does ExxonMobil, Chevron, or BP benefit from $1 a gallon gas? They fucking don't and neither do their shareholders. This is exactly why their stocks are collapsing, not because oil is running out. Gas isn't $4 a gallon anymore nationwide (except in commiefornia). They're making LESS money thanks to more competition and more oil being discovered and extracted at more economical rates.

[Anonymous No.16101950]

>>16101889
You do need to reduce the number of cars, but it's more important to get rid of the reason why you need so many in the first place; boomer suburbia.

[Anonymous No.16101951]

>>1610100
wtf is a bluechip lmao

[Anonymous No.16101952]

>>16101908
Solar is by far the cheapest energy source in Africa so I'm no surprised. Just rechecked, renewables are the cheapest energy source in over two thirds of the world. Of note, solar has dropped in price by 85% and wind by 50% since 2010.

[Anonymous No.16101963]

>>16101952
Oil hacks BTFO

[Anonymous No.16101990]

>>16101944
>meme pic
The ocean might rise 20 feet but that would take hundreds of years. Pessimistic estimates are for 3 feet by 2100. This will still displace hundreds of millions of people. I presume you'll be welcoming them with open arms though!

[Anonymous No.16102000]

>>16101879
>>16101908

False. ALL of those "achievements" from wind and solar reaching price parity have been under extremely ideal conditions, which almost always include government subsidies.

Notice how none of those studies are ever measured yearly? They're always done seasonally? If you compare wind and solar against any kind of petroleum based fuel, petroleum always ends up on top. It is significantly cheaper to start up, maintain, and extract over any "green" alternatives. You've been brainwashed by the green energy cartels.

[Anonymous No.16102016]

>>16101952
>Solar is by far the cheapest energy source in Africa so I'm no surprised.

source? a gallon of petroleum costs $2, yet produces more energy than a square meter solar panel could in an entire day.

[Anonymous No.16102097]

>>16102016
> a gallon of petroleum costs $2, yet produces more energy than a square meter solar panel could in an entire day
No shit retard, but once you burn the petrol it's gone, the solar panel will keep providing energy for 25+ years
>source
If I gave you a source you'd claim it was part of the big conspiracy you're convinced is pulling the strings. Search a financial or engineering journal for "solar grid parity" if you're actually open to it. Make sure anything you read is recent, see last sentence of >>16101952

[Anonymous No.16102109]

>>16101002

Fuck you.

Global oil demand is increasing.

[Anonymous No.16102136]

Because the oil industry is facing diminishing returns, CAPEX is soaring for marginal increases in production or just to keep production flat, all part of the overarching energy hyper crisis

[Anonymous No.16102228]

>>16102097
>No shit retard, but once you burn the petrol it's gone, the solar panel will keep providing energy for 25+ years

That's assuming you're using an equal amount of energy relative to what the solar panel is producing. Last I checked my washing machine and heater don't adjust to the sun's positioning.

An electric grid built exclusively for only solar and wind doesn't even exist anywhere in the world yet, you would have to spend billions on batteries for this to work, and we still don't have the technology to dynamically maintain these giant batteries for a cost effective amount of time. Go ahead, find one. They're ALL still dependent on either petroleum, hydroelectric or nuclear.

[Anonymous No.16102269]

So, in 6 years, Solar's price dropped 75%, despite the technology being around for over 50 years. greenfags ACTUALLY believe this scam lmao. This is dumber than the bitconnect scam

[Anonymous No.16102281]

>>16102097
Bruh I work in solar, you’re not getting 25 years out of them, they’ll be wiped out in most freak weather events

[Anonymous No.16102341]

>>16102228
>>16102281
This

It's hard to calculate how much the return on energy is because of the complexity. How much energy was used to mine the rare earths in a solar panel? How much energy was used transporting the components to the manufacturing plant and then how much energy was used transporting the finished panel to the final destination? How much energy is used recycling the panel when it inevitably fails? How much energy was used mining and refining the copper used to upgrade the electrical grid to utilize solar energy? does it even break even? Nobody knows which is why EROEI calculations for solar range from less than 1 to 30 depending on who you ask.

[Anonymous No.16102358]

>>16102228
>An electric grid built exclusively for only solar and wind doesn't even exist anywhere in the world, you would have to spend billions on batteries for this to work, and we still don't have the technology to dynamically maintain these giant batteries for a cost effective amount of time. Go ahead, find one.
Holy mother of Dunning-Kruger I have literally designed one. Not for millions of people, but they exist.
>They're ALL still dependent on either petroleum, hydroelectric or nuclear.
Large scale grids are, and will probably continue to use hydro/nuclear for the foreseeable future in countries where those are viable.

See cost of battery storage over time and research vehicle to grid technology.

[Anonymous No.16102391]

>>16102281
Panels are warranted for 25 years, if you think a storm would wipe them out you're not screwing them down properly.

[Anonymous No.16102517]

>>16102358
I'm the only one who's cited actual sources.
You haven't.

pic related is official Obama administration statistics.

[Anonymous No.16102535]

OP doesn't seem to understand Bush and Obama tried to kill the petroleum industry so we would pay higher electricity costs. It was literally a gigantic middle class tax hike in the name of environmentalism and phony global warming crisis. Notice capacity is increasing thanks to Trump?

[Anonymous No.16102546]

u mad, solarfags?

[Anonymous No.16102569]

>>16102517
>>16102535
>>16102546
T. buttblasted petrol shill

[Anonymous No.16102597]

>>16101764
Why? Because you learned differently? Far be it for government and money to lie to us commoners. We're too important.

[Anonymous No.16102854]

>>16102569
>Petroleum supply increases
>Petroleum becomes cheaper
>Petroleum companies make less profit

literally what's happening right now and why OP is actually correct in that "fossil fuels" aren't as profitable anymore due to excess supply.

[Anonymous No.16102947]

>>16102854
Was going to post this. We are in an oil glut for sure

[Anonymous No.16103070]

https://www.forbes.com/sites/michaelshellenberger/2018/05/23/if-solar-panels-are-so-clean-why-do-they-produce-so-much-toxic-waste/amp/?fbclid=IwAR2fc6HPlLSO_-zvinQRhPYqCd4H4PCO7fkMzNJsejWf94vgraz2LbSjiHQ

for all the green energy faggots. petroleum and nuclear will be the primary energy sources for the rest of our lifetimes. too many technological and economic limitations for green energy to overcome right now

[Anonymous No.16103095]

>>16102854
It's that, but there's a twist: Shale rendered most of big oil's refinery investments invalid, because shale is so easy to refine to gasoline you can almost do it on the stovetop. So shale has actually hard cucked the big refineries out of their home market, which incidentally is one of the (if not the) primary gasoline consuming markets.

[Anonymous No.16104061]

>>16101944
>ocean views are always right at sea-level and never on hills or mountains
>t. a fucking idiot

[Anonymous No.16104161]

>>16104061
well here's Obama's house. And weren't hurricanes supposed to get worse under global warming?

[Anonymous No.16104185]

>>16103070
Wind energy is doing well.

[Anonymous No.16105228]

>>16104185
fair enough, I don’t know the data but it seems like wind energy would be very geographic specific. if the unsubsidized cost per kWh is cheap in certain areas then I’m all for it but I don’t think there’s any way wind energy will cause a significant decrease in our need for petroleum and nuclear

[Anonymous No.16105453]

>>16105228
wind energy literally removes energy from the wind. We have no idea what would happen if we were to slow the world's windflow down 2%. Maybe the fucking poles would reverse, who knows.

>>16101002
wow though, OP doesn't understand supply and demand at all

[Anonymous No.16106234]

>>16101889
>Not electric cars who's lithium battery will end up in the ground in 5 years.
Boomer deteced. Had my model s for 7 years now lol