MSM are out there predicting the end of oil.

Meanwhile…

Companies worldwide ranked by earnings (trailing 12 months):

1. πŸ‡ΈπŸ‡¦ Saudi Aramco: $307b ⛽️

2. πŸ‡ΊπŸ‡Έ Apple: $112b

3. πŸ‡ΊπŸ‡Έ Exxon Mobil: $86b⛽️

4. πŸ‡ΊπŸ‡Έ Microsoft: $85b

5. πŸ‡³πŸ‡΄ Equinor: $78b⛽️

6. πŸ‡ΊπŸ‡Έ Alphabet: $71b

7. πŸ‡¬πŸ‡§ Shell: $68b⛽️

8. πŸ‡¨πŸ‡³ ICBC: $62b⛽️

9. πŸ‡§πŸ‡· Petrobras: $57b⛽️

10. πŸ‡¨πŸ‡³ China Construction Bank: $56b

11. πŸ‡ΊπŸ‡Έ JPMorgan Chase: $52b

12. πŸ‡ΊπŸ‡Έ Chevron: $50b⛽️

13. πŸ‡¬πŸ‡§ BP: $47b⛽️

17. πŸ‡·πŸ‡Ί Gazprom: $44b⛽️

18. πŸ‡ΉπŸ‡· Turkish Airlines: $43b

20. πŸ‡°πŸ‡· Samsung: $35b

22. πŸ‡©πŸ‡ͺ BMW: $35b

25. πŸ‡ΊπŸ‡Έ Pfizer: $33b

30. πŸ‡ΊπŸ‡Έ Meta: $27b

31. πŸ‡ΊπŸ‡Έ UnitedHealth: $27b

32. πŸ‡ΉπŸ‡Ό TSMC: $25b

35. πŸ‡ΊπŸ‡Έ Johnson & Johnson: $24b

39. πŸ‡ΊπŸ‡Έ Home Depot: $24b

42. πŸ‡©πŸ‡ͺ Mercedes-Benz: $21b

44. πŸ‡―πŸ‡΅ Toyota: $20b

46. πŸ‡«πŸ‡· LVMH: $19b

49. πŸ‡ΊπŸ‡Έ Walmart: $19b

51. πŸ‡ΊπŸ‡Έ Visa: $18b

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Discussion

🚨 Sell all your oil stock folks. 🚨

This really keeps me up at night. Pretty sure about many things. But if oil is the future or not I am 50:50. would be nice to know πŸ˜‡

The world has never consumed more oil than right now. The Compound Anual Growth Rate (CAGR) is still 2.5% it hasn’t even plateaued out.

The world has never consumed more coal than right now. CAGR is 1%

The world has never consumed more firewood than right now! CAGR 8%.

The only energy source we ever stopped using was whales and that’s because we killed them all.

But look at the earnings of those supermajors, the free cashflow from oil is simply enormous.

It dwarves tech and banking.

Well at least in the western world they seem to move away from oil. At least they try. My gut feeling is that fossil fuel or nuclear is the future. Because of higher energy density which is always better. But still with all the current talking about solar and wind and electric cars it might be the best bet. At least short term or mid tearm

Moving away from it?

It’s retail investors and their 401K that have been moved away from oil. That’s all.

Thanks πŸ™‚

Great chart my friend Stu