Maggie's Farm

The game is afoot in the oil & gas business. It's not just the pipelines being curtailed: Keystone XL, the final link in a mostly completed line (Biden), or Dakota Access, having its right-of-way hassled (Corps of Engineers), or Line 5, in operation for 60 years,now in jeopardy (Gov. Whitmer).

Yesterday Shell was handed defeat in its home country, from the Hague, being forced to reduce emissions before 2050. And also yesterday, Exxon was forced by a tiny hedge fun to add at least two seats to their board, seats designed to run the company out of business using environmental issues as the cudgel.

Over the past few months shareholders have received a flurry of Proxy Vote materials, both from Exxon and the hostile investment hedge fund, Engine No1. I've lost count; Normally these come once per year, but I've received about 3 from Exxon and at least double that from Engine. It was a campaign of deception, with Engine No1 seeking to get investors to vote without realizing what they were doing. That, and they got some of the major investment groups and pension funds to side with them, organizing to drive Exxon to extinction from within.

You think gas prices are high now, because they're up about 60+% from Trump days? You ain't seen nothin' yet. Just remember - it's being taken in this direction because the science isn't convincing enough to change your mind on its own legitimacy - and because there is no alternative solution to the internal combustion engine that is viably competitive.