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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: jpdunwell who wrote (63265)	6/21/2022 3:40:35 PM
From: Sun Tzu	3 Recommendations Recommended By ajtj99 catou1 toccodolce Read Replies (2) \| Respond to of 97561

What I am telling you is simpler and more direct. Exxon said that they invested XXX over the last 5 years. And I can spot lying with statistics from a mile away, and that is why I asked you about their recent investments. The chart shows what I suspected; that their "big investments" were backloaded and relative to assets were not that big to begin with. Now I am not telling you that other CEOs would have done it any differently. That is the job they are hired to do and that is what they will do. Just like a lawyer will defend his client even if he knows the client is guilty. But what I said from the start is that the oil industry is playing hardball politics and they are spinning out propaganda to redirect from that fact, and from the fact that they are dying industry trying to figure out how to move ahead. I am an engineer, and I have always believed that I was born to be an engineer. So here is an engineer joke: To an optimist, the glass is half full. To a pessimist, the glass is half empty. But to an engineer, the glass is twice as big as it needs to be ;) So, to a liberal, the oil industry is at fault and trying to gauge prices and blah blah blah. To a conservative, Biden is at fault and the oil industry is just reacting to his bad policies and blah blah blah. But to me, taking an engineering perspective on an investment, there is a dying industry under duress that has found the opportunity to make one last big run to make as much money as possible and are doing all they can to misdirect the public attention from that fact so they don't come under political pressure. cheers, ST