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Gold/Mining/Energy : Exxon Mobil (XOM)
XOM 116.53+1.3%3:59 PM EDT
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To: Jon Koplik who wrote (556)1/14/2024 12:56:00 AM
From: robert b furman2 Recommendations

Recommended By
Jon Koplik
Selectric II

   of 585
 
Hi Jon,

You give me the price of either 20 OR 21, and I'll send my entire account into XOM, CVX, or DVN.

That's sell side spin and they need shares to cover their shorts or fleeing ESG accounts withdrawals, trying to blunt the losses!

Their ESG crap has stopped a lot of sensible money from going into fossil fuel production. The amonunt of hype put out over the last 3.5 years has been incredible.

So far it has all sounded good and inevitable.

Just one problem, THE DOGS AREN"T EATING THE DOG FOOD.

Yesterday I drove 280 miles through Googles fastest route from south of Marshall Texas to Huntsville Texas. A FEW gas stations and not one charging station. Its an impossible joke and will never come to practical use universally.

That is not to say EV's do not have their place. They will be successful in master planned communities for soccer moms and urban environments, or delivery routes.

Mandates have no practicality in our huge geography. They'll all be unwound, and viewed as impractical over reach from corrupt politicians who accepted money from dreaming fools. Dreaming about their power!

They know the price spike looms. WITH or WITHOUT the geopolitics of the Biden disasters and embarrassments.

Just my view and I've been laughed at by many.

That's my belief and I'm sticking to it!

Bob
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