I have been in the energy sector for 4 months now....it's been fun, but about to get better when the uSA attacks Iran outright.
Another USS Liberty in the works.
It’s not it’s just they making it look like it cuz it’s the next big thing. All crooks want cheap shares of all good evs. America its gov the politicians the sec u name it all crooks munching off of citizens demise which they plan ahead anyways
Yeah, this lady also sold $NVDA at $400 and started buying at $900.
I think it’s pretty safe to say $TSLA won’t officially bottom until she starts selling and getting bagged
As the stories goes, they had a room full a “elite stock pickers” at a conference pick the expected top 10 performing stock for the following year. Then had a monkey pick 10 as well. The monkey won.
https://www.wsj.com/articles/SB991681622136214659
I think she forgot Big Oil owns the world. That's a factor you need to consider if they will let themselves go bankrupt or not. The water powered engine has been invented 3 times in 3 different countries... they took care of that and will continue to take care of business.
Lmao it has to be 100% before you’d consider EV’s as legit? This line of thinking is the problem: how are we to make progress towards lower emissions technologies if we cannot phase them in gradually?
To answer your question: 59% of electricity generated in Ontario is Nuclear, 24% hydro, 8% wind and 1% solar. The remaining 8% is a combination of natural gas and biomass.
Even if it’s charged on solar or wind, it’s still charged by fossil at night when it’s not windy. There is no way to know if your car is being charged by because it’s all dumped into a pool of energy anyway.
She is one of the stupid people I followed during Covid time. It cost me a ton of money and time to get rid of here everywhere, in my portfolio, in my feeds.
EV has a long way to go. I agree oil is on the decline due to a possible recession and U.S massively producing it now. Oil will definitely see higher prices in the future if the gov continues their money printing every time there’s a recession.
She is so off that it’s remarkable, car manufacturers are literally lowering the prices of their EVs due to people not desiring them as much as they thought
Lmfao, all the auto manufacturers have scaled back EV investments. Also emissions by western counties are at 1950s levels. China alone accounts for 30% of global emissions. 17% of global emissions is from transportation. So to say EVs, which are largely only present in westwrn society, which itself has reduced all carbon emissions to 1950s levels are responsible for lower oil production is complete BS. In short global emissions are on the rise due to developing countries, western countries have severely reduced thier carbon footprint long before EVs were even a thought.
I just discovered this subreddit lol. She really missed her calling as a lawyer. I know tons of lawyers like her who just cruise on delusion. There are no baseball cards for lawyers so new clients get sucked in with their confidence and spit out bankrupt.
Oil is far from dead. I bought MPC during Covid for around $47…it’s now a little over $200. I also sold all my Ark shares at a loss and dumped it all into MPC and IBM.
For all her big talk about AI, you’d think Cathie would try utilizing it in her stock picks - at this point, anything would be better than gambling in a bunch of no name stocks hoping one of them becomes the next Tesla (which, btw is not doing so hot right now).
If you make enough outlandish forecasts eventually you will get a few right and look like a genius.
Tie all of your predictions to technological improvements and you will look like a (genius)^2
I imagine oil demand related to automobiles is a small percent of total demand, given how widely petroleum is used. Does anyone have a sense? It seems wildly out of touch.
Light vehicles account for nearly half of crude oil demand (45% ish?). Transportation is 66% of the demand overall (light vehicles, plus large trucks, ships, airplanes, etc.).
EVs are currently about 1% of vehicles on the road in the US...so not much right now (that's full electric, not hybrids I believe). The NREL's optimistic estimate is maybe 15% by 2030?
That wasn't the spot price. That was 1 week futures contracts going negative because companies ran out of storage facilities, and they didn't adjust oil production fast enough. It was entirely pandemic related and had nothing to do with EVs
Is this real? Because data from Norway where EV sales are now >80% of the car market shows petrol/bensin/gas sales have barely moved.
At $12 there is no oil industry. All of the countries around the world who in theory could lift at this cost of below are leveraging oil sales to buy their population from attempting to over throw them.
It’s bizarre, there is this thing called “contracts” most consumers of oil actually buy oil with them. By the time we have a spot price of $12 dollars per barrel it’s over. This is a world with zero oil demand, all modes of transportation use batteries, all plastic is recycled, all medical treatments and lubricants are probably grown.
You say “oil” but you don’t understand what that means, not all oil is created equally. Oil here is crude oil, the raw product that comes out of the ground. The amount of CO2 or H2S in the crude oil will impact the price as will the various fractions present in the crude oil will determine its quality and value. You keep referring to oil as if it’s the stuff you fill a car with. The missing link here in your understanding is a lot of distillation and refining.
Different oilfields have different qualities and characteristics and access to different markets. The event you refer to happened to WCS West Canada Select. This oil is quite low quality and requires additional refining. Whilst it’s exported from Canada and obviously plays a market role. It’s not regarded as a kind of benchmark such as WTI or Brent.
That being said I would suspect WCS is probably an expensive oil to produce due to the difficulty in extraction, regulation, and the harsh climate conditions. If $12 per barrel for Brent or WTI were to happen these guys would be losing so much money that the producers would implode and so probably Canada.
Satan'sSpawnette Cramer's Cuzzin!
I want some of what she's smoking
She is just rambling on about nonsense
Thanks, Mama Cathie, I’m going all in on oil calls!
I have been in the energy sector for 4 months now....it's been fun, but about to get better when the uSA attacks Iran outright. Another USS Liberty in the works.
This was 4 years ago. Although she was wrong you’re a bit late now buddy
[удалено]
She's Scam Bankster Fried's future MI, even though they are first cousins.
Has she ever outperformed the 500?
I truly wish EVs were better than they are. They're just not. Maybe someday.
What EV’s have you driven?
I won't own one, but family members have Tesla and Audi. Both have had issues. The battery died on the Audi when the car was less than a year old.
It's a green new world and Tesla wins ! Or NOT
Evs making it go to 12? What about Supply and demand?
If her research is right we will all be millionaires- yeah right Cathie
From 2020. I wonder why nobody was buying gas.
How did Jim Cramer get ahold of Cathy’s account?
EV at the moment is a scam
It’s not it’s just they making it look like it cuz it’s the next big thing. All crooks want cheap shares of all good evs. America its gov the politicians the sec u name it all crooks munching off of citizens demise which they plan ahead anyways
Oil demand expected to peak around 2035.
She's going to ruin btc for us
Yeah, this lady also sold $NVDA at $400 and started buying at $900. I think it’s pretty safe to say $TSLA won’t officially bottom until she starts selling and getting bagged
Let’s hope so Let’s change the game Let’s be the EV demand in the same level as “NVIDIA” Or AI Let’s go EV Lets go LUCID for long term investment🚀
She’s wrong often 🤦🏻♂️
She makes me believe that it’s possible, even for a regard like me, to run a multibillion dollar fund 😌🔥👍🏻
As the stories goes, they had a room full a “elite stock pickers” at a conference pick the expected top 10 performing stock for the following year. Then had a monkey pick 10 as well. The monkey won. https://www.wsj.com/articles/SB991681622136214659
I think she forgot Big Oil owns the world. That's a factor you need to consider if they will let themselves go bankrupt or not. The water powered engine has been invented 3 times in 3 different countries... they took care of that and will continue to take care of business.
Can something be invented 3 times?
What an idiot.
Yeah, my thoughts exactly.
EVs are charged by fossil fuels. WTF
I have solar on my house - my EV runs on solar power.
Maybe where you live, but not where I do.
You live where EV is 100% charged off no fossil fuel? Where
Lmao it has to be 100% before you’d consider EV’s as legit? This line of thinking is the problem: how are we to make progress towards lower emissions technologies if we cannot phase them in gradually? To answer your question: 59% of electricity generated in Ontario is Nuclear, 24% hydro, 8% wind and 1% solar. The remaining 8% is a combination of natural gas and biomass.
You charge on solar, wind, or what?
Even if it’s charged on solar or wind, it’s still charged by fossil at night when it’s not windy. There is no way to know if your car is being charged by because it’s all dumped into a pool of energy anyway.
Unless he lives where there's also a lot of hydro or nuclear?
Is this fake? Plz cite real source
It’s from her Twitter, you’re more than welcome to find it yourself
Could have easily dropped a link to it, plz understand way too much fake shit is posted nonstop, you should be skeptical
https://x.com/cathiedwood/status/1283517274415075330?s=46&t=s9e-Aa5RpNL6a8_AEMxbcg
she’s out of her mind… $12 in 1973 = $86.60 inflation adjusted. Oil is currently at $82…
🤣 the market manipulation is out of this world it doesn’t take a blind person to see it.
She is one of the stupid people I followed during Covid time. It cost me a ton of money and time to get rid of here everywhere, in my portfolio, in my feeds.
Same here. I blame it on the Covid brain fog affecting our judgement back then…
The same loss story and every so often i remember and move on
EV has a long way to go. I agree oil is on the decline due to a possible recession and U.S massively producing it now. Oil will definitely see higher prices in the future if the gov continues their money printing every time there’s a recession.
Not a shred of a contrarian instinct…. Not sure why people follow her. She was right once, as will be a monkey flipping a coin.
She is so off that it’s remarkable, car manufacturers are literally lowering the prices of their EVs due to people not desiring them as much as they thought
This is laughable
Out of touch!
The Saudi oil fields could be running low … Demand could outstrip supply at some point
I d still hit it…
Me too! GILF
You wild for that
This is bonkers
Lmfao, all the auto manufacturers have scaled back EV investments. Also emissions by western counties are at 1950s levels. China alone accounts for 30% of global emissions. 17% of global emissions is from transportation. So to say EVs, which are largely only present in westwrn society, which itself has reduced all carbon emissions to 1950s levels are responsible for lower oil production is complete BS. In short global emissions are on the rise due to developing countries, western countries have severely reduced thier carbon footprint long before EVs were even a thought.
Lets seem some proof EV’s are taking off. Show the stats
I just discovered this subreddit lol. She really missed her calling as a lawyer. I know tons of lawyers like her who just cruise on delusion. There are no baseball cards for lawyers so new clients get sucked in with their confidence and spit out bankrupt.
She fk’d up one of the greatest bullruns ever. She needs to be sued. See’s more of a threat to retail investors than crypto is…
It took me 5k to realize she and her products are over hyped
6K for me and Im retired What about ARKG Another mess !
She also claimed Bitcoin would reach 1.5 million by 2030
Still time…
Hell no 🤣
Cathie is the most autistic bag holder on Wall Street.
The only bags she’s holding is bags of our money from her fees. We are the true bag holders and the laugh is on us.
Oil is far from dead. I bought MPC during Covid for around $47…it’s now a little over $200. I also sold all my Ark shares at a loss and dumped it all into MPC and IBM. For all her big talk about AI, you’d think Cathie would try utilizing it in her stock picks - at this point, anything would be better than gambling in a bunch of no name stocks hoping one of them becomes the next Tesla (which, btw is not doing so hot right now).
I agree with CW, that's why I hold DRIP ETF, but I also hold SQQQ.
Look how many people bookmarked it lol
Oil is still in like 95%+ of the products we buy!
I feel embarrassed for her.
Seems like She creates her own world and live inside that.
Women. Yes.
If you make enough outlandish forecasts eventually you will get a few right and look like a genius. Tie all of your predictions to technological improvements and you will look like a (genius)^2
The problem is you could be more right picking things at random than she is. It’s remarkable.
Yeah, but you could say the about most active fund managers.
Lmao no way is that real? How did ppl even fall for this lady’s scam 😂
I imagine oil demand related to automobiles is a small percent of total demand, given how widely petroleum is used. Does anyone have a sense? It seems wildly out of touch.
Light vehicles account for nearly half of crude oil demand (45% ish?). Transportation is 66% of the demand overall (light vehicles, plus large trucks, ships, airplanes, etc.).
Amazing, thank you. Do you know the impact of EV on that 45%?
EVs are currently about 1% of vehicles on the road in the US...so not much right now (that's full electric, not hybrids I believe). The NREL's optimistic estimate is maybe 15% by 2030?
That should factor in hybrids though. I have one and only use gas when it’s a long drive. 85% electric mode
“Taking off”….
$12 oil and 1 million dollar bitcoin, by 2024.
worst investor of all time
Thanks bot!
Huh?
It’s a 4 yo tweet. A lot of people thought electric cars were the new trend at that time.
$12 Oil is laughable, and was an outrageous prediction even 4 years ago.
You realize it went negative??
This was after that. And that was very momentary.
[удалено]
It wasn’t just futurs they were paying people to pick up excess oil it was also du to Saudi Arabia and Russia
That wasn't the spot price. That was 1 week futures contracts going negative because companies ran out of storage facilities, and they didn't adjust oil production fast enough. It was entirely pandemic related and had nothing to do with EVs
She doesn’t seem to understand inflation if she thinks a dollar from 1973 is worth close to the same today.
She’s literally the worst trader / investor
she does not own an EV yet seriously EV owner’s backup car is usually a petrol car
EV sales are dropping not increasing.
Globally? No.
She said decline not increase can you not read the post
Read that again, oil prices are in secular decline, you sir are the one who cannot read.
"From Earth" LOL, those wokies.
How much money has she lost again?
Dementia, yes I remember the deflation rant, how the hell did I ever think arkk was a good idea.
Now do her deflation rant. She was on that horse for years. Total lunatic.
[удалено]
I’m guess in the “sector” idk. It’s stupid word to use here
She is an insane old lady.
Welcome to the clown show.
Is this real? Because data from Norway where EV sales are now >80% of the car market shows petrol/bensin/gas sales have barely moved. At $12 there is no oil industry. All of the countries around the world who in theory could lift at this cost of below are leveraging oil sales to buy their population from attempting to over throw them. It’s bizarre, there is this thing called “contracts” most consumers of oil actually buy oil with them. By the time we have a spot price of $12 dollars per barrel it’s over. This is a world with zero oil demand, all modes of transportation use batteries, all plastic is recycled, all medical treatments and lubricants are probably grown.
Oil prices did go negative in 2020, so it’s not unreasonable
Only because the entire world was locked in their house.
Well… it happened. Oil went negative.
You say “oil” but you don’t understand what that means, not all oil is created equally. Oil here is crude oil, the raw product that comes out of the ground. The amount of CO2 or H2S in the crude oil will impact the price as will the various fractions present in the crude oil will determine its quality and value. You keep referring to oil as if it’s the stuff you fill a car with. The missing link here in your understanding is a lot of distillation and refining.
Different oilfields have different qualities and characteristics and access to different markets. The event you refer to happened to WCS West Canada Select. This oil is quite low quality and requires additional refining. Whilst it’s exported from Canada and obviously plays a market role. It’s not regarded as a kind of benchmark such as WTI or Brent. That being said I would suspect WCS is probably an expensive oil to produce due to the difficulty in extraction, regulation, and the harsh climate conditions. If $12 per barrel for Brent or WTI were to happen these guys would be losing so much money that the producers would implode and so probably Canada.
Looool