by Outcast_Searcher » Wed 17 Jan 2018, 23:18:12
To me the divestiture idea is silly and is merely virtue signaling.
Look, if there is less demand for oil production stocks, it doesn't stop oil production. Someone will want to own the stocks once they're cheap enough to be great values through the dividend (not to mention potential capital appreciation). If a LOT of divestment happens, then it merely makes it a GREAT deal for the people still willing to invest -- assuming that actually drops the price a lot.
The only thing that would do to hurt oil production is limit the amount of capital an oil company can raise by issueing more stock. Not exactly a crushing blow.
OTOH, if people are really serious about stopping FF burning, they could, well, stop burning as many fossil fuels THEMSELVES as possible. But suddenly when we get beyond virtue signaling and it gets expensive, inconvenient, or heaven forbid, impacts lifestyles, then for the vast majority, that ain't happening.
In the end this is much empty crowing about nothing.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.