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by Growling_owl
1836 days ago
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There is no money to be made in the form of profits or FCF from renewables. Not only that, there is no money to be made in energy which isn't fossil in general. This includes Carbon Capture, storage, and nuclear fission/fusion as well. Fossil fuels extraction is the best of the industrial/non-talent based sectors, Saudi Aramco basically sticks straws in the sand and oil comes out at 7 dollars per barrel. Electrons they are all the same, there is not some consumer convenience in using green electrons. The only success story in terms of marketcap is Tesla, but that company is based on constant lies told by the CEO to keep people energized. If we manage to solve climate change it would be the biggest letdown ever for the general population: the way this thing is being socially and politically advertised people expect a technoutopian future where all of a sudden rainbows would appear all over the place from cows derriere in lieu of methane. A technoutopian pipedream sold by Musk and the like. In reality we'd just manage to keep things as they are now, our lives won't change that much. Tl;dr Long SaaS and fintech, short energy and construction |
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people in the west don't want an Arab hegemony, they want to control everyone, including their assets
energy sells very well because everyone needs energy
the only reason why terrorism exists today in ME is because of this, america doesn't want his hegemony to go