March 28, 2016
“While the global community works to eliminate the use of fossil fuels, it makes little sense — financially or ethically — to continue holding investments in these companies,” said a Rockefeller Family Fund statement.
The divestment includes Exxon Mobil, and the breakup appears less-than-amicable, even downright hostile. The Rockefeller fund has accused Exxon of “morally reprehensible conduct” and hiding evidence that fossil fuels contribute to climate change.
The price of crude oil has fallen more than 75% in less than two years before bouncing the last couple of months. So what’s going on?
Consider this: “The conventional assumption about the direction of causality between social mood and social action is not only incorrect but the opposite of what actually occurs.”
P.S. Don’t miss Robert Prechter’s upcoming presentation, “Do Supply and Demand Regulate the Price of Oil?” and the 2016 Social Mood Conference on April 9th.
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.