More on the Question: Are You Investing in Oil and Gas?
In my recent post, I lampooned oil and gas start-up TankHead for its appeal to investors on the basis that they’ll be able to grow their current production of 85-90 barrels of crude per day into competitive levels, and make all their investors rich.As I pointed out, a claim that this company, now manufacturing less than one-millionth of the world’s oil supply, will ultimately become successful, is ludicrous.
I neglected to mention that General Motors, which leads the global automobile market, made 6 million cars and trucks last year, is converting to 100% electric transportation in the next few years. How effing stupid does the prospective investor need to be?
Yes, anyone who makes investments so as to deliberately hasten the demise of our planet is a total asshole, but people who can’t follow the news and think of themselves as savvy investors are idiots.
