Elgin Marbles in the British Museum
The National Debt of Greece, according to National Debt Clocks . Org, here, as of Thursday, July 10, 2015, 10:45 PM EST, was $380 Billion USD and 345 Billion Euros.
A lot of money, but only $32k EU per person, only slightly higher than the typical American college student’s debt. (US News reported, here, “69 percent [of 2013 graduates] left school with an average of $28,400 in student loan debt.”)
But back to Greece …
Deepwater Horizon Spill in 2010. Photo: Gerald Herbert, AP.
11 Crew were lost in the explosion and fire on the Deepwater Horizon rig on April 20, 2010. In addition, roughly 5.2 million barrels of oil poured into the Gulf of Mexico during the 87 days between April 20, 2010 when the explosion occurred and July 15, 2010 when the well was capped.
BP, found guilty of “Gross Negligence” and “Willful Misconduct” in the Deepwater Horizon oil spill, (BBC, EcoWatch), has agreed to pay $18.7 Billion over the next 15 years (BP Press Release, Reuters) to settle various claims with the United States, the states of Florida, Alabama, Mississippi, Louisiana and Texas, and others. This amounts to 14.8% of BP’s current market capitalization.
Pursuant to the agreements, BP will pay $1.1 Billion per year over the next 15 years. While the $18.7 Billion amounts to 14.8% of BP’s current market capitalization of $125.59 Billion, the $1.1 Billion per year is only a loss of 0.88% of BP’s current market capitalization each year.
However,
On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,
On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space.
On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,
The conclusion appears to be that sustainable energy is as good for the portfolio as it is for the planet.
On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the Fossil Fuel space. The pattern, clear by March, 2013, is the Sustainable Energy Space is outperforming and the Fossil Fuel space is underperforming the indices.
Excluding the value of dividends and transaction costs,
On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs,
Humphrey Bogart as Rick and Ingrid Bergman as Ilsa in Casablanca, 1942
“Of all the gin joints in all the towns in all the world, she walks into mine” – “Casablanca.
Once rare, the incidence of Autism has increased exponentially from less than 0.02% of boys to 2.38%.
Before the MMR Vaccine: 400 to 500 died each year as Millions contracted the disease. Due to widespread administration of the vaccine, the incidence of Measles dropped to 37 reported cases in 2004. But because people believe (falsely) that the MMR vaccine triggers Autism, they stopped immunizing their children. There were 644 cases of Measles in 2014.
If the MMR Vaccine does not trigger Autism, what does? Glyphosate? Possibly. And what’s Glyphosate? The active ingredient in Monsanto’s Roundup.
This is a story of unintended consequences.
On Dec. 21, 2012, drying off from Hurricane Sandy, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; Eight in the Sustainable Energy space and eight in the fossil fuel space.