Monday File: A New Emissions Speculation or Two
by Travis Johnson, Stock Gumshoe | June 21, 2021 2:30 pm
Adding a new asset class to the Real Money Portfolio in your Friday Monday File
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Source URL: https://www.stockgumshoe.com/2021/06/monday-file-a-new-emissions-speculation-or-two/
Thanks again @Travis. Have a well deserved break!
Could you possibly do some DD on Frank Curzio’s latest healthcare FANG stock pitch? Thanks for all your hard work!
As a longtime fan of Travis, I need to take exception to this article. The idea of carbon capture and sequestration has been around for more than a few decades, and nobody has produced a feasible or cost effective system for doing it. The world now produces some 43 billion tons of CO2 p/year, every year. We’re told that this enormous annual volume can be captured and sequestered in onshore and offshore depleted oil and gas wells, and stored safely forever, although no one has ever tried a project of this magnitude. All this without reference to cost. It’s another wild scheme that should be buried with the carbon.
Could be. I’ll let you know whether it was worth the speculation in a few years. Or maybe five or ten.
Since we’ve passed this problem off on our children and grandchildren – THEY are the ones who are gradually becoming more interested in doing the hard work of it.
i listened to the john harris interview. It was very “real” in his expression of the humility necessary to invest money. in stocks The fewer decisions you make, the less opportunity to screw it up. As I listened, I couldn’t help but think of the 1973 nifty fifty market. The primary sophistry of that period was the belief that you could pay 65x earnings or higher for companies that could consistently grow. His analysis of the tendency to underappreciate what could go right makes sense, while at the same time you cannot know whether your decision to own expensive stocks is rational or means you are swept up in a new sophistry…this is encapsulated in the statement, “They don’t ring a bell”. The best risk management is found in diversification and position sizing. Very good interview. Thanks Travis for highighting it.
Side Hustle King did a follow-up tweet saying it was a mistake, he was at the gym doing cardio and typing too fast. 🙂
Glad to hear it!
Don’t know where you think that there is an alarming rate of CO2 in the atmosphere. CO2 in the atmosphere is about 440 ppm. Which converted to a percentage is about 0.044 and rounded up to a whole number is 0.0. If CO2 falls below 180 ppm, plants would stop growing. Concentrations of CO2 in the Earth’s atmosphere have been up t0 5000 ppm in the past.
The mass of the Earth’s atmosphere: about 5.5 quadrillion tons.
You can thumbs down my comment all you want, but you have been brainwashed into thinking that more CO2 in the atmosphere will somehow harm the planet. See scientists like William Happer , Willie Soon and Richard Lindzen.
What historians will definitely wonder about in future centuries is how deeply flawed logic, obscured by shrewd and unrelenting propaganda, actually enabled a coalition of powerful special interests to convince nearly everyone in the world that CO2 from human industry was a dangerous, planet-destroying toxin. It will be remembered as the greatest mass delusion in the history of the world – that CO2, the life of plants, was considered for a time to be a deadly poison.
Richard Lindzen