John D. Rockefeller must be rolling in his grave. His Standard Oil fortune is being managed by left wing lunatics, who grant millions to radical environment groups. The irony is delicious.
This just out via the Rockefellers. They hate evil fossil fuels, whilst shuttling to and fro from posh vacation destinations in their private jet.
So weird that they didn’t divest when oil was over $100 a barrel. Where was their moral reprehension then?
Exactly. Perhaps it is their way of saying they think the days of $100 oil are long gone.
Jim Cramer’s Chart Girl this morning may not be so happy on that Commodity Call, lol. Anyway, Bullard, Harker, Lacker, Evans (yep rofl even him), Williams, etc all have been out trying to fix the damage that Grandma Yellen made last week. It looks like it is holding…that silly stupid commodity rally/Dollar sell off is over…now us Bears can rest until July cuz it’s going down.
costanza-cramer,.. always do the opposite ; )
Rotating the fortune into SUNE …solar G650 coming Suuuune hahaha
Old news : http://www.theguardian.com/environment/2014/sep/22/rockefeller-heirs-divest-fossil-fuels-climate-change
This was when oil was 90+$.
The family has been moving in this direction for years. From a purely historical perspective, if you care at all about that, quite a moment.