Zion Oil & Gas Inc (ZNOG)

[dby]

On the 'Why $100 Oil Is Different' topic -



...Clean energies are rapidly improving and becoming more cost-effective as more and more investment pours into new technologies and industries such as solar and wind outgrow subsidies as they tap into economies of scale. To be certain, oil, gas, and coal have their benefits – no single era has showcased this better than the current moment of global uncertainty. Conflict in Europe and the disruption of global supply chains have caused an unprecedented energy crunch that has driven countries back to the most reliable and independent forms of energy available. For most, this has meant a return to fossil fuels.


But this pattern is not sustainable.

The writing is on the wall for Big Oil. While the industry is enjoying an unexpected windfall, it may very well be the last. The case of Houston real estate underlines this fact. The boost in oil prices no longer inspires optimism and a growth mentality. Instead, companies are adopting a “wait and see” approach, which seems to be the only safe option in an era of uncertainty.


IMHO, the pattern we operate under is only 'not sustainable' because of the ideological forces and their propaganda we see at work around us.

Fossil fuels have worked well for the last 90 years or so, and will work well for the foreseeable future.