Investing Thread

[rocket surgeon]

Why do you believe green energy is crap?

you guys really have reading comprehension and confirmation bias' issues.


where did I say green energy IS crap??  the "crap" part all of you were dog whistled into attack mode is a reference to all of the bullsh!t used to tout the zealous push for it. 

I believe it is and will continue to have a role with our continued economic development.  if you think we are going to scrub our environment clean while 80% of the rest of the globe is polluting like 1999 then you are very dimwitted.  the free market will dictate how and when it is implemented efficiently.

as it's going right now, it seems A LOT of money is fast tracked without question whenever it is labeled for "green" or for carbon neutral or climate change or...we need a little bit more responsibility checks and balances if you will when delegating money for "green" energy purposes. 

wouldn't hurt to get some of the other(China, India, mexico, etc) countries on board a little bit more. 

"green" energy costs more.  so the aforementioned countries flip the bird while continuing to use cheaper "dirtier" methods.  they could give two craps about "green" when they can produce goods cheaper and faster... laughing all the way to the bank btw 

who suffers? 
     

[The Sultan]

you guys really have reading comprehension and confirmation bias' issues.


where did I say green energy IS crap?? 

" i know we are still drilling for oil, but too much gubmint money subsidizing "green energy" crap."

🤔🤔🤔

[Uncle Rico]

you guys really have reading comprehension and confirmation bias' issues.


where did I say green energy IS crap??  the "crap" part all of you were dog whistled into attack mode is a reference to all of the bullsh!t used to tout the zealous push for it. 

I believe it is and will continue to have a role with our continued economic development.  if you think we are going to scrub our environment clean while 80% of the rest of the globe is polluting like 1999 then you are very dimwitted.  the free market will dictate how and when it is implemented efficiently.

as it's going right now, it seems A LOT of money is fast tracked without question whenever it is labeled for "green" or for carbon neutral or climate change or...we need a little bit more responsibility checks and balances if you will when delegating money for "green" energy purposes. 

wouldn't hurt to get some of the other(China, India, mexico, etc) countries on board a little bit more. 

"green" energy costs more.  so the aforementioned countries flip the bird while continuing to use cheaper "dirtier" methods.  they could give two craps about "green" when they can produce goods cheaper and faster... laughing all the way to the bank btw 

who suffers? 
   

8.5 out of 10

[jesmu84]

you guys really have reading comprehension and confirmation bias' issues.


where did I say green energy IS crap??  the "crap" part all of you were dog whistled into attack mode is a reference to all of the bullsh!t used to tout the zealous push for it. 

I believe it is and will continue to have a role with our continued economic development.  if you think we are going to scrub our environment clean while 80% of the rest of the globe is polluting like 1999 then you are very dimwitted.  the free market will dictate how and when it is implemented efficiently.

as it's going right now, it seems A LOT of money is fast tracked without question whenever it is labeled for "green" or for carbon neutral or climate change or...we need a little bit more responsibility checks and balances if you will when delegating money for "green" energy purposes. 

wouldn't hurt to get some of the other(China, India, mexico, etc) countries on board a little bit more. 

"green" energy costs more.  so the aforementioned countries flip the bird while continuing to use cheaper "dirtier" methods.  they could give two craps about "green" when they can produce goods cheaper and faster... laughing all the way to the bank btw 

who suffers? 
   

Have you researched China's involvement with renewable energy?

[Pakuni]

you guys really have reading comprehension and confirmation bias' issues.


where did I say green energy IS crap??  the "crap" part all of you were dog whistled into attack mode is a reference to all of the bullsh!t used to tout the zealous push for it. 

You literally wrote:
yes, i know we are still drilling for oil, but too much gubmint money subsidizing "green energy" crap.

as it's going right now, it seems A LOT of money is fast tracked without question whenever it is labeled for "green" or for carbon neutral or climate change or...we need a little bit more responsibility checks and balances if you will when delegating money for "green" energy purposes. 

Any evidence for any of this?

wouldn't hurt to get some of the other(China, India, mexico, etc) countries on board a little bit more.

All three of those countries signed the Paris Accords.
China produces 31% of the world's renewable energy, compared to 11% for the U.S.
And China on a per capita basis produces way less emissions than the U.S. Same with India and Mexico.
People in those countries would be reasonable to say the U.S. needs to get on board a little more.

"green" energy costs more.  so the aforementioned countries flip the bird while continuing to use cheaper "dirtier" methods.  they could give two craps about "green" when they can produce goods cheaper and faster... laughing all the way to the bank btw 

who suffers? 
   

Green energy does not cost more.

https://www.snexplores.org/article/green-energy-cheaper-than-fossil-fuels-climate
https://www.iea.org/news/rapid-rollout-of-clean-technologies-makes-energy-cheaper-not-more-costly

[Jockey]

8.5 out of 10

Gets a high score just for knowing that many words.

[MU82]

NextEra Energy (NEE) is a utility company that has embraced green technology while not abandoning fossil fuels.

Wisconsin-based WEC is another, and they've also set themselves up to benefit from data centers'  growing energy needs.

I own pretty large positions in each.

[Jockey]

NextEra Energy (NEE) is a utility company that has embraced green technology while not abandoning fossil fuels.

Wisconsin-based WEC is another, and they've also set themselves up to benefit from data centers'  growing energy needs.

I own pretty large positions in each.

The new MS plant in Racine will have huge energy needs - data center plus AI development.

[4everwarriors]

"Awful and destructive policies???" 😂😂😂

Economy rolling...oil production sky rocketing...crime down...Russia, Iran and China are down...

I'll take these "awful and destructive policies" not only for the next four years, I'll take them for the rest of my life.

Oh yeah, a green auto in every family's garage. Sound familiar? Who says history doesn't repeat itself, hey?

[MU82]

The new MS plant in Racine will have huge energy needs - data center plus AI development.

Yep. I'm not saying all utilities will become growth stocks ... but some will. Investors who put money into them when they were down last year are pretty happy today. NEE, for example, is up more than 50% over the last 12 months.

The energy to fund these huge AI centers has to come from somewhere.

[The Sultan]

Oh yeah, a green auto in every family's garage. Sound familiar? Who says history doesn't repeat itself, hey?

I think you're just typing random words at this point.

[4everwarriors]

Probably just dimwitism, hey?

[The Sultan]

Probably just dimwitism, hey?

No doubt.

[Pakuni]

Probably just dimwitism, hey?

FTFY

[Viper]

We are energy independent now. Producing more than ever.

production? Correct...from federal land. Private sector energy production not being utilized as it was under 45 (46 hand-tied the private sector from his day 1)...as it will be again. Energy independent. We were with 45. Now? No. We're selling, not keeping it here. Why did 46 deplete SOR? Why? Then, with price per barrel sky high, 46 replenishes it. Unbelievable!!
Again, when 45 is back in, federal and private energy production will ramp up. Price at the pump will drop. Enjoy the prosperity! Your utility bills will decrease...enjoy the prosperity. Grocery staples will stabilize or decrease. Enjoy the prosperity. In addition, 45/47 will renegotiate  USMCA. Trumps right from the deal he put in play during his first term. (btw, thank 45 for dumping NAFTA) Getting screwed by Canada, Mexico and China was ending until the genius 46 interjects as only a career politician could.
Majority of teamsters and auto workers are voting for 45.  But, continue in your world of willful ignorance and vote Harris. Sit the election out? You then remove yourself from the discussion altogether.

[The Sultan]

We are producing more oil than ever. Inflation is under control. GDP up. Unemployment way down. Interest rates falling.

Too bad you are unable to see it.  It must be sad living in a world where you are so easily manipulated.

[Uncle Rico]

production? Correct...from federal land. Private sector energy production not being utilized as it was under 45 (46 hand-tied the private sector from his day 1)...as it will be again. Energy independent. We were with 45. Now? No. We're selling, not keeping it here. Why did 46 deplete SOR? Why? Then, with price per barrel sky high, 46 replenishes it. Unbelievable!!
Again, when 45 is back in, federal and private energy production will ramp up. Price at the pump will drop. Enjoy the prosperity! Your utility bills will decrease...enjoy the prosperity. Grocery staples will stabilize or decrease. Enjoy the prosperity. In addition, 45/47 will renegotiate  USMCA. Trumps right from the deal he put in play during his first term. (btw, thank 45 for dumping NAFTA) Getting screwed by Canada, Mexico and China was ending until the genius 46 interjects as only a career politician could.
Majority of teamsters and auto workers are voting for 45.  But, continue in your world of willful ignorance and vote Harris. Sit the election out? You then remove yourself from the discussion altogether.

lol

[Viper]

While developing solar at a rapid rate.


Both/and

Tower, we both know solar has significant limitations. Same with wind. Some use, sure. But definitely not the end all. Remember the winter ice storms in Texas a few years back?

[Viper]

Because he's an idiot and an embarrassment to Marquette

Kamala, is that you?

[Uncle Rico]

Kamala, is that you?

No, it's Tyler Kolek's agent banking some of his sweet NBA cash

[Viper]

Go full steam ahead on production? Who pays for it? Almost all of our untapped reserves cost more to extract than the current cost of oil. Even if they were tapped, at a loss to the companies, that would result in a decrease in the cost of oil, and extensive losses for most of the oil industry, making new extraction even less affordable.

Right now, in the US recovery from existing wells costs $35-40 per barrel to produce. For currently available leases, newly drilled wells on average cost around $60-65 per barrel to produce (and those are the cheapest new reserves to tap. That is why oil prices always fluctuate (except for COVID) in the $65-80 range. Because that is the range that the US can profitably expand within right now. And places like Saudi Arabia that can produce oil much cheaper and owns ~25% of the worlds reserve (at that cheap recoverable price) are happy to keep prices in that range.

Also, the oil we can produce in the US we can't use, we don't have the refineries to handle that oil, which is why we export so much, and have to import usable forms of oil from other countries.

This "magical" idea of just drill baby drill and the price of oil will drop is illogical and defies both basic economic principles, and the more complex principles governing the oil and gas industry.

Right now there are tons of land leases available for oil/gas recovery that are going unused, because at current prices it would be a massive loss to extract the oil/gas. Instead, our record production is mostly in extracting oil from our easy/cheap to extract reserves that at current recovery rates will likely be exhausted in 10-20 years. At that point, domestic oil/gas recovery will have to be entirely dependent upon sources that are currently cost prohibitive to extract. When we switch to those reserves, one of two things happen. Either oil/gas costs skyrocket, or the domestic oil/gas industry collapses and we become entirely dependent upon foreign oil. If we haven't developed the technology/infrastructure to lead in renewables, we are screwed.

There is a reason that Saudi Arabia has so much political power globally right now, and as other nations (us and Russia) exhaust their cheaper recovery reserves, that power will rise, unless we invest in renewables.

Individuals who don't realize the above are living in a fantasy land.

All the above is why both energy stocks and renewables are going to continue to be strong investments. We are not going to escape our need for oil/gas anytime soon, so those companies are guaranteed profit (sadly that means the cost of oil will rise). And from a defense perspective, renewables are essential to the future economy.

I appreciate your post...but not sure you are taking into account private sector production.

You stated..."This "magical" idea of just drill baby drill and the price of oil will drop is illogical and defies both basic economic principles, and the more complex principles governing the oil and gas industry."  Yes, and no. Full steam ahead will reduce consumer cost. The question will be how aggressive will the private sector be in production. Will their input in cost of rebuilding the infrastructure of production but worth it if price decreases are to extreme.

[Viper]

We are producing more oil than ever. Inflation is under control. GDP up. Unemployment way down. Interest rates falling.

Too bad you are unable to see it.  It must be sad living in a world where you are so easily manipulated.

inflation under control? It was <2% when 46 took over? What happened? Reward a dipshiit that took it to +9% just because it's come down? Interest rate decrease? Artificial. A political ploy by the feds ahead of the election. You aren't thinking from the chair of someone in the private sector. Any competent business owner will not want another four from the regime we have currently.

[Viper]

No, it's Tyler Kolek's agent banking some of his sweet NBA cash

atta boy.

[jesmu84]

production? Correct...from federal land. Private sector energy production not being utilized as it was under 45 (46 hand-tied the private sector from his day 1)...as it will be again. Energy independent. We were with 45. Now? No. We're selling, not keeping it here. Why did 46 deplete SOR? Why? Then, with price per barrel sky high, 46 replenishes it. Unbelievable!!
Again, when 45 is back in, federal and private energy production will ramp up. Price at the pump will drop. Enjoy the prosperity! Your utility bills will decrease...enjoy the prosperity. Grocery staples will stabilize or decrease. Enjoy the prosperity. In addition, 45/47 will renegotiate  USMCA. Trumps right from the deal he put in play during his first term. (btw, thank 45 for dumping NAFTA) Getting screwed by Canada, Mexico and China was ending until the genius 46 interjects as only a career politician could.
Majority of teamsters and auto workers are voting for 45.  But, continue in your world of willful ignorance and vote Harris. Sit the election out? You then remove yourself from the discussion altogether.

Can you explain more this difference between "federal land" production vs "private sector" production?

Can you also explain mechanisms behind forcing energy production to be forced to be kept here?

[The Sultan]

inflation under control? It was <2% when 46 took over? What happened? Reward a dipshiit that took it to +9% just because it's come down? Interest rate decrease? Artificial. A political ploy by the feds ahead of the election. You aren't thinking from the chair of someone in the private sector. Any competent business owner will not want another four from the regime we have currently.

Inflation low...unemployment low...interest rates low...record oil production...Russia, China, Iran reeling...

And Viper thinks its all a conspiracy.  It must be sad to live in that world.

Four more years?  Nah...give me forty!!!  I will live happy and content while Viper and the dentists live in a world of fear.