Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (15027)	12/28/2022 8:42:56 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26443

After hearing on CNBC that maybe 30% of the electricity being generated now to heat the East during the "historic" cold spell... comes from burning oil! Numbnuts investing that never made money and helped those they through down on by blaming fossil fuel producers who provided reliable AND inexpensive energy. The reason the US is not in a recession is substantially die to our fossil fuel resources and ability to produce them. IMO When an/if energy crisis is triggered these stock will be looked back upon and viewed as cheap. IMO How ironic if the morons running California that have outlawed ICE vehicles such that we'll have to burn oil and NG to generate power for the EVs and all electric homes to keep the state from shutting down... I tell most who try to preach ESG here and have outlawed clean burning NG in new home construction that every incremental electron in California comes from fossil fuel but for a few minutes this year when the grid was net positive with renewable power (probably a nice, warm sunny day with gentle winds....)

To: robert b furman who wrote (15027)	12/28/2022 9:29:18 PM
From: Elroy	Read Replies (1) \| Respond to of 26443

CVX was lucky, past legacy leases had been fruitful and then with the technology of fracing they found not one but sometimestwo layers of shale below the legacy leases. It always pays to be lucky AND have very low cost crude. The stock price was basically flat from 2010 to 2021. If they were lucky with reserves and shale, why didn't the stock go up 150% during that time (or appreciate more than the market, at least)? In other words, is there really something different today in CVX than what existed from 12 years ago to 2 years ago? I really don't know the CVX story, but I've read they are the super US blue chip in E&P, so I was surprised to see their stock chart was so uninteresting.