sunybuny wrote: 
  shhh "big oil" has been investing literally billions in renewables for years (one recent example on bloomberg)

 sunybuny wrote:
I offer this up as a "sort-of" summary of the ethical/moral positions available for your friend.   

A friend of mine was present during much of this debate at Swarthmore College in PA.  A lot of the smartest folks anywhere argued for months over it....and here's a summary.

FWIW - the returns on their portfolio (currently the 10th largest per student in the US) have enabled them to spend extravagantly on a new dining hall facility that includes the following sustainability benefits in its design.... 

• All-electric energy using renewable sources
• Solar panels on the roof
• Meadow area and food gardens
• Improved compost collection
• Induction cooking
• Increase in locally sourced food
• Stormwater management and recapture
• A geoexchange energy transfer plant in the basement that will serve the entire campus and enable the College to transition away from the use of fossil fuels

Asking for a friend.... how hypocritical is it to drive electric car, recycle like crazy, have solar power, wash on cold setting and have lots of Big Oil stocks in retirement portfolio?

Tyson Foods beats revenue estimates as chicken prices soar

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

 miamizsun wrote:
Translated by my Putin American English decoder ring.

 Red_Dragon wrote:

i blame the west, especially nato and nazis

 miamizsun wrote:

nah, gotta be Sleepy Joe's fault

hi alex i'll take "why people don't understand that oil is a globally traded commodity and how market disruptions, like covid, war, etc. could roil production/prices worldwide?" for $1000

 Red_Dragon wrote:
About the same amount as the estimated annual fossil fuel subsidies ($20b) provided by the gov to the industry.

 rgio wrote:

but politics are simple.

 rgio wrote:

Also, the price of oil drives the price of damned near everything.

 Red_Dragon wrote:

Curse you, capitalism! 

 Red_Dragon wrote:
So the free market, zero-regulation Republicans want to blame Joe for the price of gas?   

Sure, those numbers are global, but inflation and recession are a lot more complicated than just pointing fingers. 

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

gotta be Joe's fault...

The Role of Capitalism in the War in Ukraine

(long read)

 westslope wrote:

 black321 wrote:
Understandable.  Presumably the bounce from a steep recession will be a good one.

Think of the political implications of this from the perspective of voters who have little understanding of economics or economic policy, and who consistently exaggerate the influence of the President, and government in general.

Example: Sleepy Joe managed to attain a higher rate of economic growth than Marxist-Keynesian Donald J. Trump aka the GREATEST American president ever! 

 Red_Dragon wrote:

Not trying to be obtuse here, but... so?