CNBC: Nov. 2, 2015
Stranded Energy Investments Are A $100 Trillion Risk
"Investors are hungry for socially responsible mutual funds, and lately, it's the ones that avoid fossil fuel stocks getting the most attention. It's a trend that has gained momentum over the last few years. Why? There's a $100 trillion global sleeper risk behind the moves to fossil fuel-free investments."
"Last year, a Rockefeller family foundation created by the sons of John D. Rockefeller — who made his vast fortune by founding Standard Oil [aka. "Exxon"] — announced that it was divesting from fossil fuel stocks."
"The MSCI KLD 400 Social Index, a widely used benchmark that includes environmental stocks, has outperformed the S&P 500 annually since its launch in 1990"
This just in:
ZH: Nov. 2, 2015
Saudi Default Risk Highest In Six Years
The biggest risk to the oil industry isn't activists and lawyers, it's dunces who overinvested 0% poverty capital, shocked that demand never showed up...And sovereign governments now trying to offset low prices by pumping more oil. Good luck with that...
Dancing on the head of a pin
U.S. Oil production with Oil prices
Doh! Forever is not as long as it used to be...