james22

Better investments than found in 2009? March 2020? If you didn't act then, why believe you'll act now?

You've got to get it through your head that confidence is risky.

There are always cross-currents. The Two Most Underappreciated Forces Driving Markets Today 1. Demographics 2. Flows https://awealthofcommonsense.com/2021/04/the-two-most-underappreciated-forces-driving-markets-today/ I assume the Dow 36,000 argument is at work as well. https://en.wikipedia.org/wiki/Dow_36,000

Want to bet on that? https://en.wikipedia.org/wiki/Simon–Ehrlich_wager

Nah. If you wish to improve the environment, you need economic growth (Kuznets curve). For economic growth, you need energy. Today, that means oil & gas. It's a bad thing to curtail that.

European Commission Declares Nuclear and Gas to be Green https://wattsupwiththat.com/2022/07/07/european-commission-declares-nuclear-and-gas-to-be-green/ Like dominoes.

Newly retired, I'd much prefer a 2 year popping of the Everything Bubble to a 10 year slow leak. I've cash to ride out the short-term, SRR would really hurt if it dragged on longer. A million Bogleheads suddenly cried out in terror.

Still this.

I believe we're probably past peak ESG. I'm bullish too (since the beginning of this thread) for all your listed reasons, I just believe the pivot back to oil will come sooner than you think.

What can't go on forever (the Green delusion), wont. ESG will matter less and less as it proves too costly.

It begins? NASA admits climate change occurs because of changes in Earth's solar orbit, not because of SUVs and fossil fuels https://www.sott.net/article/420049-NASA-admits-climate-change-occurs-because-of-changes-in-Earths-solar-orbit-not-because-of-SUVs-and-fossil-fuels

I keep coming back to this. Hard to believe we'll get off so easily.

Sure, I just think there are limits to even the current administration. Maybe wishful thinking, I admit. Progressives seem convinced approval ratings reflect only a communication failure or that they've not gone far enough.

Nah, I believe ESG is something the public pretends to care about only when they can afford to. The industry need only demonstrate it can deliver in way alternative sources cannot, ESG be damned.

Really great, thanks.

+1

90/10 CrossFit/boxing

Yeah, but: reflexivity?

You'd guess wrong.

When the crap hits the fan, people want return. https://jeffreycarter.substack.com/p/esg-has-a-comeuppance?s=w

I'm actually optimistic. Policies will change once (now that) their cost is (has been) revealed. "The worse, the better."

Chevron (NYSE:CVX) CEO Mike Wirth said Friday that he does not expect another oil refinery will be built in the U.S. ever again, due to decades of federal government policies. "We haven't had a refinery built in the United States since the 1970s. My personal view is there will never be another new refinery built in the United States," Wirth said in an interview with Bloomberg. "You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying we don't want these products," Wirth said. https://seekingalpha.com/news/3845705-no-new-refineries-likely-ever-built-again-in-the-us-chevron-ceo-warns LOL

I'm usually a rum guy, but it's not helping my Crossfit. Going to try switching to keto-friendly Canteen vodka soda (0 sugars, 0 carbs, 99 calories). https://www.canteenspirits.com/

Deliberate.

Just saw the latest Jennifer Connelly film. About planes or something?