Interesting Discussion Here - My ReactionOver the years, one of the things I tried to do (not always successfully mind you) was to try to separate what things were important to making investment decisions and which things didn't matter.
So let's take a look at the recent discussion here...
1...whether renewables work or not really has virtually no bearing on oil demand since oil is used very little in the production of electricity
2...in early stage economic transformations such as EVs it is very difficult to reliably pick the winners and losers and so investment in such things are frought with risk and especially in terms of market timing (look at a chart of TSLA for example)
3....from Point 2, while it might be difficult to pick a winner, it is clear that there will be more demand for electricity and that producers of electricity will make more money
4....from Point 3, increased demand for electricity is more likely than not to result in grid pressures and when combined with climate change will result in even more grid failures than we have seen in the last few years. So companies that have solutions to this problem will have huge markets to grow into.
5...the future of oil is interesting IMO. EVs and especially with Government legislation and market intervention will reduce the demand for oil at least in the transportation sector and technologies elsewhere will reduce the need for oil demand in industrial markets such as petrochemicals. How much and how long it will take is matter of discussion but the direction arrow is pretty clear at least to me.
Conversely, it also clear that Government intervention and the natural forces of geology suggest that the supply of oil is likely to diminish over the same time frame. This will offset some or all of the price impact of lower oil demand and potential result in an increase in the price of oil.
How this will play out is really anybody's guess right now. But just like Point 2 above, it is difficult to predict which side is going to win. With this difficulty also comes investment risk that needs to be assessed especially against where else one could place their investment dollars.
Conclusion
While none of this says you should or shouldn't be invested in oils and for the Board - SU, my advice is to think these things through carefully and make a reasoned decision one way or the other. The advantage of a reasoned approach is that if things change then you have a basis to decide whether what has changed is important or not and that helps make your next investment decision/reaction better. Part of that process is go back to the thoughts at the beginning of this post and figure out what is important and what isn't.
How you decide to do this is up to each and every one of you. One thing I can say for sure is that if you don't think it through using as much information/advice (pro and con) as you can find and then sift through what is important or not, the probability of making a bad investment decision is pretty high.