UncleEbenezer wrote:thirty06 wrote:In the short term, probably not so good. Low oil price = lower energy costs.
In the long term, it's where we're supposed to be headed. Picking individual companies at the start of a new industrial phase is going to be tricky. I'll hazard a guess that the likes of Shell and BP will be picking up green energy firms if they look promising.
Plausible, but perhaps behind the curve?
Bigcos in the market are surely led by the utilities sector. Hence the likes of SSE (a history of windfarms) or EDF (very recent investment in charging electric vehicles).
I'm usually behind the curve.
Yes, the utilities sector deliver energy. I think that energy companies are still going to seek a role in production.
I we remind ourselves that Shell began in business by importing seashells, then moved into shipping and later moved into oil as they began to ship it. I think that they will use their size to exploit new technologies.