Post by
Experienced on Oct 30, 2023 11:37pm
EV Discussion
While I am a strong proponent of private enterprise and opposed to Government intervention, the fact of the matter is that like or not, Governments around the world have put their thumb on the scale in favour of EVs.
Investors that choose to ignore this fact do so at their risk in terms of their investment decisions. This is frankly a simple fact of life.
So to me as a pragmatic investor over the past 50+ years, I look at the situation and choose not fight "city hall". Similarly, companies have little choice but to make plans based on Government legislation. Sure, they may be able to lobby and make some changes or delay the inevitable by a few years. The end result of this is that billions of dollars will be spent by companies to meet these Government objectives and more importantly, find ways to do so in a more efficient manner than their competitors - this is the very basis of a capitalist society.
So as far as I am concerned the discussion here about the odd EV battery fire and higher insurance rates (for now) and the conclusion is that oil is the best place to put long term money is in oil is nothing less than foolhardy especilaly for those here that are much younger than me.
Comment by
integrity11 on Oct 31, 2023 1:17am
LOL, do you really think your LCS shares are a better investment . You are a humorous guy Experienced.
Comment by
mrbb on Oct 31, 2023 3:32am
thanks for the warning, for the 3rd time (at least) around on this board. Governments sure know how to pick winners, just like the free covid vaccine and free covid cheques. Those gov't cheese and regulation can sure turn something smelly into roses. Like Arrivecan app, cannabis pump and dump, TMX acquisition, gun buy-back, etc boondoggles