Yes the sun spot/sun heat has peaked. But likely another 100 years before the next ice age.
If crude oil is part of global climate change, then it will be self correcting.
We have 80 to 90 years of crude and then it is gone, gone gone.
The tipping point when demand exceeds supply enough to send the world econeomy into a spiral down is 15 to 50 years down the road, depending on oil shale, and world economy in the meantime.
So, then no diesel, gas, propane, no lube oil and grease, no pavement, or plastics and the list goes on and on. Crude is about half energy, and half raw material. No pipe dream of any replacement.
We have lots of energy, just not the raw material of crude. Of course the energy is not convenient for airplanes, trucks, tractors and mining.
And we will be back in the horse and buggy days. Crude got us out of that, and we will just go back.
Of course there is global warming, or was, not is. Back when the "little ice age" began they blamed humans, and burned them at the pole. Global climate change has been going on for thousands of years, cycle after cycle. However since 'warming' ended we are now headed for global cooling. The sunspot cycle which was at the minimum in 1700 has been warming us up right up to ~1950-60. Flatlined now on the decline. Welcome to reality.
But we will be out of crude oil before the next "little ice age".
No good reason to invest. Great company, poor investment.
PAA 161% - 16% Yield 4.3%
KMP 23%-12% Yield 5.8%
APL 426%-7% Yield 6.9%
EPD 142%-13% Yield 4.7%
ETP 26%-9% Yield 7.7%
MMP 186%-13% Yield 4.1%
I own these, first number is 4 years return, second is return this year to date, just in price, all numbers positive.
Last is yield after this runup in price.
Never suggest others do this, just keep it a little secret.
I own no GLW.
Global climate change has been going on as long as we can measure based on core drillings of ice and ocean bottom. It is a cycle. Cycle following Sunspots which = sun's heat to the globe. Been on the rise since 1700 and peaked at 1950. Historical cycle indicates we are on the downside and will be heading toward another "little ice age". We will not be alive as it is a really slow cycle.
People wanting to take away our freedom will ignore facts.
Please enjoy the warm period. It is called "Modern Maximum" as opposed to the "Maunder Minimum"
So that is about half what they will send to NY to spread around the flood damaged people.
It would be a drip in the ocean.
Mit hasn't been at Bane for 13 years.
It is run by Obama friends.
This attempt at distraction is :
We should not be using the word "free".
There is no free lunch.
Tax payer funded would be a start.
$0.60 for us, and $0.40 borrowed for future generations to pay back.
And as O said mostly we borrow from ourselve so it is not a problem.
Global climate change has been going on as far back as we can tell ~5K years. It a light switch effect and happens in a short period fo time compared to the big picture. Last 2 periods have names. We need a name for this period. Warm = food plenty while cold = food fail, disease, empires fail.
Man did not create those, and there is no reason to think we can stop the next one.
Of course there is a 20,000 year earth axis wobble cycle, but I will not be around when that one comes around.
"There is NO LONGER ANY DOUBT"
Yes now called Global Climate Change as it is not getting warmer.
But climate change has been going on and recorded for over 5,000 years.
First one way, then another.
Ever hear of "Medieval Warm period" (900AD to 1550)
The Little Ice Age. (1550 to 1850)
So what do we call the present warm period?
Warm periods known for Food Prosperity.
Cold periods know for Food deprivation, malnutrition, and disease.
Let's hear a cheer for "WARM".
And those using fear to take away our freedom:
We know better.