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re: Exxon was the world's largest company in 2013. Now it's being kicked out of the Dow
Posted on 8/25/20 at 8:12 pm to Koach K
Posted on 8/25/20 at 8:12 pm to Koach K
quote:
Energy is everything.
I think the point in the OP is that energy stocks are dead as an investment. If you want maximize growth in your portfolio, you are better off investing in tech stocks and staying away from traditional energy stocks. But too many poeple on this board and in general in LA, TX, OK etc. are too close to the energy sector due to their jobs that prevents them from thinking logically and diversifying their investments and putting their money in sectors they don't already work in.
2
Posted on 8/25/20 at 8:13 pm to Street Hawk
I don’t see Darren Woods staying “by choice” after the end of the year.
Posted on 8/25/20 at 8:13 pm to fallguy_1978
quote:
It will take 50+ years to have a majority of passenger vehicles in the US on electric and that still runs on the power grid.
Ftfy. Until batteries get better and cheaper, it's unneeded technology
Posted on 8/25/20 at 8:16 pm to Street Hawk
quote:
deep concern about the climate crisis.
It’s. Not. Real.
Posted on 8/25/20 at 8:18 pm to Street Hawk
They hid their assets well
Posted on 8/25/20 at 8:23 pm to Dawgwithnoname
quote:
Until batteries get better and cheaper, it's unneeded technology
I still can't get my head wrapped around the thought of massive commerical scale battery production.
Do we have enough raw materials to manufacture hundreds of millions of deep cycle batteries? For consumer autos, tractor trailers, trains, heavy equipment, jets?
What about battery disposal at the end of life of the battery?
Posted on 8/25/20 at 8:24 pm to Dawgwithnoname
quote:
Ftfy. Until batteries get better and cheaper, it's unneeded technology
This isn't the internet revolution we are talking about by a mile. We are talking about replacing investments that people often keep for 15 years, plus all of the infrastructure that they are fueled with, and most sources of power that run said infrastructure. 50 years might be a better estimate
Posted on 8/25/20 at 8:25 pm to Street Hawk
quote:
Data is the new oil. Tesla is the 21st century GE. The writing is on the wall for truck nuts.
Who roots for a local economy to crash?
Posted on 8/25/20 at 8:37 pm to Street Hawk
It has more to do with Apple splitting than XOM
Posted on 8/25/20 at 8:40 pm to TheDeathValley
The fault of Jeff immelt. He’d rather have government contracts.
Posted on 8/25/20 at 8:41 pm to rickgrimes
quote:
invest in tech stocks
Most tech stocks have valuations far beyond rational levels.
Ppl are just pouring money into them.
I'll sit on some energy stocks who even in shite times are paying 4-6% dividend.
And will double as oil goes back up in the next few years.
Investing in most tech stocks is just betting than somebody is foolish enough to buy at higher values. Basically, it's a pyramid scheme.
Posted on 8/25/20 at 8:45 pm to Street Hawk
If you believe in electrical vehicles.
Invest in mining companies that produce minerals necessary for battery production. It's not a "sexy investment" but it's a cheap way to profit off any vehicle electrification.
In addition. As others have stated billions of the people in the world don't exactly have reliable electricity.
Scale is yet another issue.
There isn't enough cobalt/lithium etc to make all those batteries.
In addition the developing world is starting to use smart phones, tablets, etc. Further stressing battery demand.
Invest in mining companies that produce minerals necessary for battery production. It's not a "sexy investment" but it's a cheap way to profit off any vehicle electrification.
In addition. As others have stated billions of the people in the world don't exactly have reliable electricity.
Scale is yet another issue.
There isn't enough cobalt/lithium etc to make all those batteries.
In addition the developing world is starting to use smart phones, tablets, etc. Further stressing battery demand.
This post was edited on 8/25/20 at 8:46 pm
Posted on 8/25/20 at 9:02 pm to Street Hawk
quote:
A series of strategic decisions backfired badly, from betting on natural gas at the top of the market to being late to America's shale boom.
And these guys think they’re the smartest people in the room. What boneheads!
So now we watch as XOM circles the bowl.
Posted on 8/25/20 at 9:06 pm to Cuz413
quote:
I still can't get my head wrapped around the thought of massive commerical scale battery production.
Do we have enough raw materials to manufacture hundreds of millions of deep cycle batteries? For consumer autos, tractor trailers, trains, heavy equipment, jets?
What about battery disposal at the end of life of the battery?
Standardize on a cell size. Say, 100A, 100V. Then, you wire a bunch of cells up to get the amperage and voltage you need for a particular vehicle. At end of life, the batteries get pulled and go back to the factory for recovery of raw materials. Very similar to how the core deposit on a battery now helps ensure you'll return a battery so it can be disposed of and reused as much as possible, but on a grand scale. The standard form factor allows for ease in stocking the huge amount of cells needed. There's just one SKU for batteries and the magic happens in the wiring.
Next, solve the rare earth metal problem.
This post was edited on 8/25/20 at 9:09 pm
Posted on 8/25/20 at 9:09 pm to Street Hawk
quote:
Data is the new oil.
Yes it is
Posted on 8/25/20 at 9:11 pm to TDFreak
quote:
And these guys think they’re the smartest people in the room. What boneheads! So now we watch as XOM circles the bowl.
Posted on 8/25/20 at 9:27 pm to Street Hawk
quote:
A series of strategic decisions backfired badly, from betting on natural gas at the top of the market to being late to America's shale boom.
Unfortunately isnt that XOM’s MO- never be first to do something. Wait for the other guy to figure it out and then go in.
Posted on 8/25/20 at 10:37 pm to DesScorp
quote:
What's funny is that nothing from Apple or Google or Samsung would run without energy, and if you took fossil fuels away, we'd be in the dark ages again.
Tell that to Joe Biden and AOC.
The OT already knows this.
Posted on 8/25/20 at 10:38 pm to Street Hawk
F***k Salesforce! Those fackers can burn in El!
Posted on 8/25/20 at 11:56 pm to Street Hawk
Ole Swamp Tillerson did some work
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