European Investment Bank to phase out fossil fuel financing

Post by H8crilA » Mon, Nov 18, 2019, 10:16 PM UTC

perl4ever wrote: post #28

H8crilA wrote: post #11

Earlier quoted context omitted.

My point is that the stock price has nothing to do with the amount of oil burned. Exxon Mobil could trade for $0.01, doesn't matter, they will still sell oil. The second part is true, it is shaping the narrative somewhat. We'll need much more hardcore stuff than just twiddling the narrative, though.

Well, it is possible that there will be real restrictions on producing or selling fossil fuel that will progressively eliminate demand for their product. In which case, their assets are not worth what they might previously be assessed at. P/E is either backwards looking or based on estimates of future earnings, and the future often changes. I can't say who's got a more accurate view of the future, but the Aramco IPO…

Of course there will be pressures. Europe is already taxing oil at +100% compared to the US (i.e. the prices of gasoline are 2x higher).

But my point still stands - humanity needs energy.

Also, of course, this is not an investment advice! You may lose 100% of money yada yada.

Post by perl4ever » Tue, Nov 19, 2019, 12:53 AM UTC

imgabe wrote: post #30

perl4ever wrote: post #29

Earlier quoted context omitted.

This is a meaningless question without a definition of freedom. Libertarians often assume that everyone implicitly sees freedom as black and white and the threshold is obviously in the same spot. But it seems to me that everyone engaged in commerce spends the most effort possible avoiding direct competition by exploiting every aspect of every situation that is not completely free. Consider grocery stores in a typical…

By "free" I just mean not under the threat of physical violence. I'm not sure about the grocery store example. I can think of several different grocery stores near me that have wildly varying prices for similar items. Whole Foods is a lot more expensive than Aldi, for example, and they don't really hide it. They're catering to a different market and offering a certain social cachet in addition to the food that some b…

My main point is freedom is not a binary thing. Suppose that instead of a slight inconvenience, you have to leave your state. Or you have to move to another state. Or suppose that you have to move to another country. Or suppose that you have to give up everything material and flee your country. Or suppose that you have to sacrifice your family to escape the constraints. Or suppose that you can only kill yourself to escape your situation. It's a matter of degree, not of kind.

Re: European Investment Bank to phase out fossil fuel financing

Re: European Investment Bank to phase out fossil fuel financing