— How could he be buying Occidental, an oil stock, amid a waterfall decline in the commodity? — Everybody knows the greening of the world spells doom for fossil fuels or does it? — Former oil company bad behavior changes in the fight for self-preservation. — My conclusions: Buffett is not mad. Why would Mr. Buffett buy a dirty, cyclical oil…
Tag: climate change
Inflation and Interest Rates: “Keep calm and carry on”
— And no, I do not have rocks in my head! — The continuous drone of the media and politicians about inflation and interest rate the horrors of out-of-control energy and food prices is a sentiment killer. — “After you get what you want you don’t don’t want it” — How to prosper from this discussion The…
The Death of Oil
Energy stocks have taken a beating the last few weeks Concerns about a worldwide resurgence of Covid 19 have raised the specter of declining economic activity and the negative potential impact on oil demand Longer-term two news items last month, one from the governor of California and one from China, probably pushed the sentiment surrounding…