We Don’t Need No…

7 Replies to “We Don’t Need No…”

1. Funny how the green line down trend starts around Obama’s victory. I guess that’s another failure indicator for him. Shocking considering how much subsidy money was pumped in.

2. I think Bjorn is being charitable. One thing the political class is savvy about is taking care of themselves at the expense of others. If they are recommending divestment in fossil fuels and investment in renewables then it is undoubtedly in their own self interest. Whatever, it creates buying opportunities for rational investors.
   BTW, I suspect that once any type of ‘green’ energy looks like it is about to become profitable then the “evil” fossil fuel companies will be right there and investing in that technology. They are money making entities that crave good PR stories and are accountable to shareholders. In fact, I’d bet money that it is the conventional energy industry that will actually develop the next generation of energy. Government funded research is generally more interested in the grant money than commercial success. It attracts the wrong types: those that have never been involved in a for-profit corporation. Fracking – fossil fuels industry. Algae energy production – government funded. Solar and Wind – crony capitalists.
   IMO, if taxpayer money in Canada is to be used then it should go mainly to ideas that are almost ready for large scale production and a smaller amount to pie in the sky, low yield, nature based, high cost energy research. More to small scale nuclear reactor research and methane hydrates and less to anything that relies on favorable weather conditions. We need reliable, cheap baseload power.

3. So why the climb upward since 2013 in the RENIXX?
   Even Germany has gone to open pit mining of Lignite.
   Without nuclear as an option, carbon rules for baseload as LC Bennett stated.
   If pension plans are feeding this monkey, full disclosure to the equity holders may get rid of some of that enviro guilt.

4. “$100 invested in 2002 in fossil fuels would be worth about $238 today, whereas the same $100 invested in renewables would be worth about $28.”

5. The upward climb of RENIXX could be the cult stocks of the Solars and Tesla which have grown incredibly with little correlation to GAAP valuations. Just like the dotcoms, these bubbles will burst.

6. I think it would be an excellent idea for various teachers union pension funds to invest heavily in “green” energy stocks. After all, this is the future of energy in a “sustainable” environment. Similarly, other moonbat organizations could be persuaded to similarly put all of their investments in such stocks which are a bargain right now. That, combined with “carbon credits” will assure the members of these organizations a low carbon and minimal ecologic impact retirement.

7. Renewable energy stocks might actually be the best possible indicator to overall economic health.
   Doing well until the crash, then recession hits and the market goes into emergency mode – resorts to using cheaper forms of energy to make the current situation better, at the cost of possibly affecting our sustainability in the future.
   So the fact that they’re increasing again might be indicative that people believe the economy is beginning to improve enough that we can start looking more towards the future and less to the present. Interesting!