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Global Warming, er Climate Change is a National Security Threat
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Quote:I'm not sure how oil stocks are doing, but I expect that the stocks track oil prices fairly closely. With oil itself at an historic low, now is a poor time to sell. Being a government entity they can always raise taxes to make up the difference. It actually depends on the stock. The companies that have been doing some fracking are getting slammed right now. The big companies in the oil sector (Chevron, BP, Exon, etc.) are going to be fine. That being said, I agree with you that now is a very poor time to sell oil stocks. In fact, I just bought some not too long ago, and they are doing quite well. I would stay away from any "green initiative" because the sector has been bad. "Green energy" companies can not survive or compete right now. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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