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https://ca.finance.yahoo.com/news/oil-sands-new-york-pension-fund-170145827.html
I sold most of my shares in Tesla that I bought 5 years ago. I made some money.
I have Stock in Occidental Petroleum and Marathon oil. I bought shares 3 months ago and have made 15% so far. I am going to maybe invest in these companies. Canada is the 3rd largest oil reserve in the free world. Electric cars do not have an unlimited range. They take a minimum of 6 hours to fast charge. I do not see every family going to Electric cars. They just do not have the same advantage to drive 1000-2000 miles non-stop. Gasoline and diesel vehicles do not need a 6-hour minimum to charge the battery before proceeding.
The environmental left and Woke state legislatures will not tell me how to invest. Their divestiture is my gain. I do not foresee us going net-zero on the bad green deal. We have already seen rolling blackouts in California. Funny how the environmentalists hate natural gas and nuclear power and their populations suffer. Don't forget, China is building coal power plants like crazy in the developing world. They do this to give cheap energy to developing countries and then get them hooked as part of its silk road initiative to get countries in debt and Red China gets a base or bases in return as part of their strategy to beat the West and dominate. Don't listen to POTUS Biden and the other environmental knuckleheads. The earth is not doomed in 7 years, that is a con job!
AOC and the Administration are wrong, the world will not end soon if we do not get away from fossil fuels. India and China are not being forced to comply so why should we?
China and India get a 20-30 year pass on CO2 Compliance. The savings we do, China and India ruin our progress in CO2 mitigation. I will still invest in well-managed energy and oil companies. You should as well.
I sold most of my shares in Tesla that I bought 5 years ago. I made some money.
I have Stock in Occidental Petroleum and Marathon oil. I bought shares 3 months ago and have made 15% so far. I am going to maybe invest in these companies. Canada is the 3rd largest oil reserve in the free world. Electric cars do not have an unlimited range. They take a minimum of 6 hours to fast charge. I do not see every family going to Electric cars. They just do not have the same advantage to drive 1000-2000 miles non-stop. Gasoline and diesel vehicles do not need a 6-hour minimum to charge the battery before proceeding.
The environmental left and Woke state legislatures will not tell me how to invest. Their divestiture is my gain. I do not foresee us going net-zero on the bad green deal. We have already seen rolling blackouts in California. Funny how the environmentalists hate natural gas and nuclear power and their populations suffer. Don't forget, China is building coal power plants like crazy in the developing world. They do this to give cheap energy to developing countries and then get them hooked as part of its silk road initiative to get countries in debt and Red China gets a base or bases in return as part of their strategy to beat the West and dominate. Don't listen to POTUS Biden and the other environmental knuckleheads. The earth is not doomed in 7 years, that is a con job!
AOC and the Administration are wrong, the world will not end soon if we do not get away from fossil fuels. India and China are not being forced to comply so why should we?
China and India get a 20-30 year pass on CO2 Compliance. The savings we do, China and India ruin our progress in CO2 mitigation. I will still invest in well-managed energy and oil companies. You should as well.
Oil and Energy
Canada
Oil
Climate Change
Albany
Edited >1 y ago
Posted >1 y ago
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The Green New Deal Knuckleheads in DC and the White House do not let you know this is happening worldwide. Why should we suffer over the Green New Deal? We need to build Gas and Nuclear Plants and finish the Harry Reid Nuclear Depository at Yucca Mountain. We spent $10 billion and it is idle. It is 90% finished! SMSgt Lawrence McCarter GySgt Gary Cordeiro
https://www.npr.org/2019/04/29/716347646/why-is-china-placing-a-global-bet-on-coal
https://www.npr.org/2019/04/29/716347646/why-is-china-placing-a-global-bet-on-coal
Why Is China Placing A Global Bet On Coal?
China has taken dramatic steps to fight climate change, including shutting major coal power plants. But now it plans to build hundreds of coal plants abroad.
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Lt Col John (Jack) Christensen
Fits perfectly with Chinas vision of making other countries dependent on them. The density of coal fired plants within China contributed to massive pollution but they can close those plants, build new ones in far off countries without that density issue and have coal customers for the foreseeable future.
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With all the oil that Canada has also it seems just on that alone both the US and Canada would do quite well on Canadian Oil. With the US and Canadian assets together We certainly could take good care on all North America. Our own politicians in both countries are screwing it up !
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LTC (Join to see)
SMSgt Lawrence McCarter - We should have hybrid cars. I loved the Ford Fusion hybrid. It is no longer made. It got almost 45 mpg doing 80 mph when I was late to drill when I was in California. The braking charges the battery as well and the engine shuts off and uses the electric motor when going downhill. California does not want nuclear nor natural gas-powered plants so when they have a heatwave, they have rolling blackouts. SMSgt Lawrence McCarter Lt Col John (Jack) Christensen LTC David Brown SSG Samuel Kermon GySgt Gary Cordeiro
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LTC (Join to see)
Lt Col John (Jack) Christensen I don't want to sound like a luddite but for the short term investment, I will put my money into the oil market because we still have too many vehicles on the road and people are going to put down $50000 for The Tesla or other mid priced electric cars just yet. I know I've read articles about $10 per barrel fuel in 2050 but that is 30 years away. I foresee the summer driving season this year being very lucrative for oil companies
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Lt Col John (Jack) Christensen
LTC (Join to see) That's fine, I'd just rather invest for the future.
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LTC (Join to see)
Lt Col John (Jack) Christensen I did, invested in Tesla at Apple and made a bunch of money. I did, invested in Tesla at Apple and made a bunch of money. I'm only putting less than 5% of my portfolio into oil stocks so I am diversified and I will not get burned. I am not going into hype stuff like buying stock in game stop nor am I going into the hype of buying into bitcoin. I think those are fads that are surely going to lose money.
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Good morning, sir. Many thanks for posting this. It is sure thought provoking and your early comments are spot on. Have a great day.
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