Under pressure from a growing movement of people who want their money out of fossil fuels, universities, pension investors and foundations are looking to exclude coal, oil and gas stocks from their portfolios.
Sentiment: NEGATIVE
Our criteria is that it's okay to invest in companies so long as they stop lobbying in Washington, stop exploring for new hydrocarbons, and sit down with every one else to plan to keep 80 percent of the reserves in the ground.
You want less of the annoying nonsense that interferes with your portfolios and more of the significant data that allow you to become a less distracted, more purposeful investor.
There are going to be questions about what major oil companies are doing with all of the resources they're accumulating. They can't escape that.
I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.
As much as with increased exploration new gas reserves can be found, what must be obvious to all is that our oil and gas reserves are not renewable and they are diminishing, and to protect the generations to come, we must engage in nothing short of a radical shift in the diversification of the economy.
The real key to making money in stocks is not to get scared out of them.
Our traditional oil and gas philosophy does not have conservation as a crucial component, and we can ill afford to continue to spend billions of dollars which are not reflected in the improved human capital of our country.
You can't turn on your television without seeing these advertisements about clean coal, clean tar sands and the claim that there's more jobs associated with fossil fuels than other industries. That's of course not true. But they're hammering that into the voters' heads.
If we don't continue to pursue alternative, emissions-free energy sources like nuclear fuel, we are at risk of increasing our dependence on costly natural gas.
Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells.