Rex Tillerson recently visited LT with a very pessimistic outlook of market and economic prospects. He highlighted that factors leading to a black swan are highly probable. As we all know this will be a perfect opportunity for XOM to grow inorganically and further cement its position as a market leader.
What type of event do you predict?
Last time we were given the COVID crisis this time maybe consequential…nonsense or fortuitous?
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Retired former employees with no access to current data should always be our primary guides.
I don't think it takes Rex Tillerson to tell us what we should all be able to find out for ourselves. There are a few things I can think of that can cause a huge problem. The AI bubble burst and housing bubble burst are two things that could cause huge issues. AI is way overpriced based on speculation and many of the tech companies don't have the reveunue to back the stock price. AI has caused so much hype at the top with Ceo's and their minons buying into it. Trillions of dollars have gone into the sector and the SP500 is heavily weighted with the top 7 tech stocks that keep it at the level it is at. If the bubble burst on AI it will be felt across the market and hurt many of us with 401K money and investments in funds that invest in the SP500. All these IT heads have jumped onboard with AI, and we have layoffs across the board. The job market is not doing well either no matter what the US job numbers show. Those numbers are cooked up and all you have to do is read about how tough it is for people to land a new job. I can't pinpoint it, but something underlying it all is going to happen soon.
Why is Peter Thiel making arrangements to insure his continuity? He and his team have access to the most sensitive information and he is connected to the most influential NGOs. Let me guess…you think everything will be fine without disruptions or conflicts…
Isn’t a black swan event unpredictable by definition? And only understood in hindsight?
Aliens have put the board on a PIP
@OP I don't buy the idea that Rex Tillerson would be worried about a simple recession or even a complete petrodollar collapse. He already has more money than he could ever spend, multiple mansions, private security, and every imaginable cushion. An economic downturn isn't exactly an existential crisis for him or Darren or the others..
So if someone like that is genuinely pessimistic, it would have to be something that wealth can't solve, something bad for them that makes money, status, and influence meaningless.
DW has a massive event in his pants
@f8 the end of oil and gas? That’s not what was shared. You appear to be misinterpreting the signal. Maybe, your stressed and need a massage.
OP, so you’re saying you were privy to a classified briefing in the God Pod, heard a presentation from a retired guy with no current connections to the world beyond his philanthropy but who you know to be a secret agent with high level security clearances and connections, and you walked out of the God Pod and posted this secret story about the end of oil and gas here for us all to read. Amazing. I’m glad we have you on the inside.
@bj it might be a mainstay, but that doesn’t change the fact that XOM doesn’t like it. They have sold off most of the natural gas plays and quit investing in the ones that remain.
@e0 Because he holds security clearances and at levels Durwood does not.
My bet is there are classified technologies, particularly around AI and advanced energy emerging that could leave ExxonMobil holding massive investments with no hope of a future gains.
@e0 Rex may or may not have been mid. But, we can’t deny he has access and contacts that are far reaching then DW has. If Rex is correct are you going to apologize?
What the he-l does Rex Tillerson have to do with anything? He was an average leader who threw it all away on a savior complex as Secretary of State, and then degenerated into a TDS racked pile of angry mush. Why would he have any insights to offer us?
@bg actually natural gas is a mainstay for electricity and grid generation. XOM will be subsidized by the government when what Rex Tillerson says is about to occur…
@b5 they have sold off most of the natural gas plays because they hate natural gas. I’m pretty confident they would flare off the natural gas on the Delware Basin if they could.
XOM needs more natural gas. So a play that is gas centric with safe and secure supply points. Also hearing some rumors about Diamondback. A quarter or two at 60 /bbl will incentivize the principals to merge in XOM
Interesting. Usually, the God pod lizards view human crisis as a clearance sale. So I'm genuinely curious now what kind of black swan would make these opportunists nervous or pessimistic? What sort of event doesn't just create bargains, but actually threatens the people waiting to buy them?
Something feels off! Everyone senses it..Trump is seriously compromised and may need some distraction off-ramp