Invest big…to recover debts…does that sound like an huge con to anybody else?
“Hey, hey, relax…you’ll get your money. You just need to spend a little more before we get to that point. Another five to ten billion is all it takes! You’ll get everything back! Trust me!”
Sunk cost fallacy.
m_sobol on
It’s like Trump is asking the oil majors for racketeering protection money.
Trump: You got to pay me billions because I’m sending in my troops to protect your oil rigs in Venezuela
Oil majors: what rigs? I’m not going into a hostile unstable country. This whole thing is uninsurable
Trump: uhhh…. Pay me my billions! I need exit capital spending money for when I flee to Moscow. I never got raped by Epstein!
makemeking706 on
There is a pretty decent chance we will see oil go the way of coal in our life time. Maybe not entirely replaced but well into that trajectory. This just seems like motivation for the rest of the world to move on more quickly.
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Invest big…to recover debts…does that sound like an huge con to anybody else?
“Hey, hey, relax…you’ll get your money. You just need to spend a little more before we get to that point. Another five to ten billion is all it takes! You’ll get everything back! Trust me!”
Sunk cost fallacy.
It’s like Trump is asking the oil majors for racketeering protection money.
Trump: You got to pay me billions because I’m sending in my troops to protect your oil rigs in Venezuela
Oil majors: what rigs? I’m not going into a hostile unstable country. This whole thing is uninsurable
Trump: uhhh…. Pay me my billions! I need exit capital spending money for when I flee to Moscow. I never got raped by Epstein!
There is a pretty decent chance we will see oil go the way of coal in our life time. Maybe not entirely replaced but well into that trajectory. This just seems like motivation for the rest of the world to move on more quickly.