last few months only oil and gas shares got trading interests............but OG no long term future......smart are those who pivots to technology...........
OG really no long term future........I have read articles that says in 10 years, oil got to come down US$ 10 -US$ 20 to be competitive with renewable in cars............
qqq3, I have a different view. Oil is still required and I do not know about US$10 / 20. Because as the price dropped, the majority of population will start to use oil again, like in 2016 / 2017 that led to the surge to US$ 80 a barrel. People will trade-in their EV for petrol vehicles.
Due to the intermittent issues with solar and wind, the cost of electricity (California & Germany) keep going up and for Germany they had to ripped out a forest to get the coal to keep back-up electric power plant running when sun don't shine and wind don't blow.
anyway, 10 years is a very long time in stock market.....but I agree with the authors who says oil needs to drop to US$ 10-20 to be competitive with renewable in 10 years...........that is strictly on cost considerations and on cost projections....about how rapidly renewable costs is expected to drop............
but, there is also considerations like availability and convenience and infrastructures and readiness to consider before it becomes a reality.
ps...I cannot drink much hard liquor, allergic.....but I encourage everyone to cycle....cycling can also make me a better trader.............
one of the major conclusions is that oil majors are reluctant to commit to new oil fields because of the threat of renewables in 10 years. Capital commitments by oil majors are very long term and very huge.
so, u have supply considerations and demand considerations and they work at opposite directions.
but those depending on capital commitments will have a hard time.................those depending on maintenance still have work to do but long term , not a smart investment...............and PE should be lowered..............
retailers are giving guarantee that u can still use youtube, googlle maps and gmaills for 3 years.............all u have to do is download separately, does not come pre packaged..........
they are using EMUI, open source android.................
where got developed country got no free government hospitals..........? even developing countries mostly got free govt hospitals, Its a human rights.....except for America.....why? because they hate to have to give free hospital care to their blacks...........
ed by Happy Wok > Sep 13, 2019 3:11 PM | Report Abuse
Qqq3! Yeah but in China, if you accidently knock their citizen, you are going to pay with your live for the rest of you living years! If you fall sick during your vacation, make sure you have insurance or else, most probably, you kins will be paying a fortune to get your back! =========
the reality not so bad...its just being not familiar...........in less than 10 years, basic medical coverage have been given to all Chinese citizens...and this is only the beginning..............
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq3
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Posted by qqq3 > 2019-09-13 09:43 | Report Abuse
last few months only oil and gas shares got trading interests............but OG no long term future......smart are those who pivots to technology...........
OG really no long term future........I have read articles that says in 10 years, oil got to come down US$ 10 -US$ 20 to be competitive with renewable in cars............