The U.S. is at risk of becoming irrelevant on the global economic front, because this Trump-led reversion back to the 1950s is a dead end street going nowhere. The world has moved on since the Koch Brothers were driving Chevys to the drive-in...
Profit margin: -7.85%:
The future is not predicated on coal and oil. Neither coal nor oil are profitable at these levels. Most producers continue producing merely to stave off bankruptcy. Untold trillions of dollars have been sunk into the oil industry these past several years contributing to the overhanging glut that could persist for years if not decades. Now they'll be throwing good money after bad...
The International Energy Agency forecasts that global gasoline consumption has all but peaked as more efficient cars and the advent of electric vehicles from new players such as Tesla Motors Inc. halt demand growth in the next 25 years.
Royal Dutch Shell Plc, the world’s second-biggest energy company by market value, shocked rivals this month when a senior executive said overall oil demand could peak in as little as five years.
“Refiners across the globe can only hope that this forecast turns out to be right -- because all the indications are today that consumption is going to begin dropping not in 2030, but probably in 2020,” said Verleger. “It’s the best news a dying patient can hope to get.”
Cramer said Tuesday that Trump's plan for employment in the energy industry may not come to fruition. He admitted that coal in the U.S. is still the baseline fuel, but not for long. With the Environmental Protection Agency phasing out coal plants and natural gas remaining cheap, natural gas will be the baseline fuel in five years, Cramer said.
"There are no millions of jobs that can be created. There's just not"
The country, notorious for its dangerous levels of pollution, invested more than the US ($44.1bn), the UK ($22.2bn) and Japan ($36.2bn), put together, the United Nations Environment Programme’s annual report on global trends in renewable energy found.
