RE:OMGFossil fuels have saved or enabled the lives of literally billions of people. Without them, every quality of life metric we have would basically lower back to the stone age. This isn't tabacco. It's heat, light, food, food for food, power for surgical equipment, computers, it's in the keyboard I'm typing on, the tires on the road, do I need to go on? I believe in the product - wholeheartedly.
Moemoney42 wrote: Just listened to Tom Rand on BNN talking about the trillions of dollars financial institutions hold of Energy sector debt and the potential for default on that debt.. I guess he should maybe open his eyes to the FCF being spun off by most, if not all O&G firms, that's being applied to said debt.. within a few years these same O&G companies will not need those banks to float the boat..!
Then he goes on to talk about the O&G sector being a sunset industry.. they said that about the tobbacco companies as well.. as they've been demonised for health issues.. well.. those tobbacco companies have, and continue to be excellent "investments".. and lets face it.. smoking a cigarette isn't as important as heating your home, getting to work, or hauling those products to the consumers everyday.. LOL..