Tag: Speculation

Robert Reich

It’s the beginning of a new era in Washington – and Putin is responsible | Robert Reich | The Guardian

Volodymyr Zelenskiy addresses Congress via video.

But something new seems to be happening, and Vladimir Putin is responsible. Don’t get me wrong. Democrats and Republicans won’t join hands and sing Kumbaya anytime soon. Mitch McConnell and Kevin McCarthy will continue to ambush Democrats every chance they get. Expect bitter battles over background checks, immigration reform, civil rights protections and Ketanji Brown Jackson’s confirmation to the supreme court. Trump won’t stop telling his big lie. Your Fox News-obsessed Uncle Bob will remain in his hermetically sealed alternative universe.

Source: It’s the beginning of a new era in Washington – and Putin is responsible | Robert Reich | The Guardian

Fossil Fuel Industry, Uncategorized

Saudi Oil Giant Aramco’s Saudi Oil Giant Aramco’s $1.5 trillion IPO flies in the face of our Climate Crisis Reality.5 trillion IPO flies in the face of our Climate Crisis Reality

https://media.juancole.com/images/2019/11/how-big-oil-committed-the-greate-750x422.jpg

Greed of a few will drive this IPO initial opening offer  (ODT)

And yet the future doesn’t look good for oil. The threat of climate change means most countries are looking for ways to reduce their use of fossil fuels and many investors are trying to reduce the number of oil company stocks they hold. So why is the company considered so valuable? A closer look at the data suggests the market sees Aramco as a short-term money maker but with much worse long-term prospects.

via Saudi Oil Giant Aramco’s Saudi Oil Giant Aramco’s $1.5 trillion IPO flies in the face of our Climate Crisis Reality.5 trillion IPO flies in the face of our Climate Crisis Reality