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Old 06-25-2020, 04:35 AM   #1381
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This is the very same document that is in the link I shared in the first post that started this whole thread.

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Included in the lawsuit is a document dated from Exxon Engineering in 1979 which states that the increase of CO2 in the Earth's atmosphere was the result of "fossil fuel combustion,"
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Old 06-25-2020, 04:43 AM   #1382
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And did you guys see this in the news? Not good....sigh...

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On Sunday, the same location recorded a high temperature of 95.3 degrees (35.2 Celsius), showing the Saturday reading was not an anomaly. The average June high temperature in Verkhoyansk is just 68 degrees (20 Celsius).
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data from a Saturday weather balloon launch at that location supports the 100-degree reading. Temperatures in the lower atmosphere, at about 5,000 feet, also were unusually warm at 70 degrees (21 Celsius), a sign of extreme heat at the surface.
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Old 06-25-2020, 02:51 PM   #1383
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For the truck lovers who don't like the Tesla Cybertruck, here ya go....

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is going to be a $52,000 pickup truck with 4 in-wheel hub motors and a range of over 250 miles.
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Old 06-25-2020, 03:17 PM   #1384
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For the truck lovers who don't like the Tesla Cybertruck, here ya go....

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UGLY
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If he just lays down two full elbow chords loudly over the entirety of That Girl Is You, he wins the band.
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Old 06-25-2020, 04:07 PM   #1385
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UGLY
yes. I much prefer the Cybertruck........
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Old 06-25-2020, 04:56 PM   #1386
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yes. I much prefer the Cybertruck........
Its just the grill that throws me off
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If he just lays down two full elbow chords loudly over the entirety of That Girl Is You, he wins the band.
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Old 06-25-2020, 06:22 PM   #1387
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Its just the grill that throws me off
Yeah, If I was sticking with the "normal" looking truck design, I would go with Rivian...much sleeker. I've seen it up close in person as well. I hope they are able to sell a lot of these.

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Old 06-29-2020, 08:02 PM   #1388
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So I know I've posted about SA getting into the petrochemical business as a way to thrive after oil tanks, but it doesn't look good for this pivot plan....

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OIL ANALYSTS debate the future of transport fuels. That of petrochemicals—used to make everything from plastic packaging to paint—has seemed unequivocally bright. The International Energy Agency (IEA), an industry forecaster, expects them to account for half the growth in oil demand from 2019 to 2025. Better yet, America’s shale boom has furnished cheap feedstock in the form of natural gas. ExxonMobil is spending $20bn on chemical and refining facilities along America’s Gulf Coast, near Texas’s Permian basin. Royal Dutch Shell is building a huge complex in Pennsylvania, atop the Marcellus shale formation—President Donald Trump has called it “one of the single biggest construction projects in the nation”. Saudi Aramco, the largest oil firm of all, this month completed its $69bn acquisition of a 70% stake in SABIC, Saudi Arabia’s chemicals giant.

Covid-19 would seem to validate such moves. Use of petrol, diesel and jet fuel has plunged amid lockdowns but plastic packaging and medical supplies are in high demand. However, diversification that makes sense for any individual firm may prove risky for the industry as a whole.

[...]

The trouble is that too many big oil companies are making the same bet. Last year the increase in ethylene capacity was 60% higher than the rise in ethylene demand, according to the IEA.

The subsequent decline in ethylene prices had little impact on companies’ strategies. In November Bernstein, a research firm, tallied nearly $40bn a year in planned capital spending on petrochemical facilities from Shell, ExxonMobil, Total, Chevron Phillips Chemical, Aramco, Abu Dhabi’s ADNOC, Russia’s Gazprom and Rosneft, and China’s Sinopec. All told, global ethylene capacity would rise by about 13m tonnes annually over the next few years, once again about 60% more than the annual rise in demand.

[...] coronavirus looks unlikely to sap individual oil firms’ enthusiasm for petrochemicals. Extra demand for single-use plastics during the pandemic has combined with lower appetite for recycled goods to lift ethylene prices a bit since April. Converting ethane to ethylene is still profitable, says Alan Gelder of Wood Mackenzie, an energy-research firm, “just not as profitable as some hoped”. For many oil companies facing sceptical investors and an upstream business with uncertain short- and long-term prospects, petrochemicals have the dubious honour of being among their least bad options.​
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Old 06-29-2020, 08:05 PM   #1389
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And to go along with the article above, it looks like BP either needs the cash or realizes petrochemical won't be as safe as they thought:

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As part of its plan to reinvent itself through the energy transition, BP has agreed to sell its global petrochemicals business to UK’s Ineos for US$5 billion, the supermajor said on Monday.
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Old 06-30-2020, 08:02 AM   #1390
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BP, now Shell:

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Old 06-30-2020, 03:37 PM   #1391
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Today Tesla overtook Exxon's market value.

TSLA - $200.2B market cap
XOM - $189.1B market cap

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Old 07-01-2020, 08:52 PM   #1392
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"Every day gets hotter than the one before
Running out of water, it's about to go down
Go down
Air that kill the bees that we depend upon
Birds were made for singing, wakin' up to no sound
No sound

It feel like summer....."

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Old 07-02-2020, 07:42 AM   #1393
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woot woot! If you are still buying gas powered cars, you're buying outdated products.....

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Old 07-02-2020, 08:09 AM   #1394
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Old 07-04-2020, 06:14 AM   #1395
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Nice 5 minute vid on the wind industry:

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