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Turtle_n_Peeps's avatar
Turtle_n_Peeps
Explorer
Sep 20, 2022

This is our RV electric future. It's the future man!

"It's the future man!!" I went out and gave my LBZ a hug after watching this video. :B So can we finally stop with the Semi getting 2 miles/KWH with LI batteries. If these little tiny trucks pu...
Tow Vehicles
Huntindog's avatar
Huntindog
Explorer
Sep 23, 2022
2112 wrote:
And what have they DONE? Oil company profits are close to record highs. It doesn't look like anyone is putting them out of business anytime soon.

I pay attention to what is really happening. Not just the headlines.
I subscribe to The Wall street journal and read it daily.
The interesting thing about those record profits is that the stocks are really cheap. That is for a few reasons. Investors do not see a future for those companies. And Biden and a lot of congress want to take those profits away via a "windfall tax" Justified by the fact that they are not investing that money into expanding production!
The oil companies seeing a bleak future are actually acting in a responsible manner by wanting to do share buybacks and/or increase dividends. IOW, returning some of the investors (actually owners) money to them. The govt. wants them to spend that money now on production and let the investors take the loss later when they decide they do not need the oil companies anymore.

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