ExxonMobil is approaching the market cap of the largest company, General Electric.
This brings to mind a thought I had a while back. Is energy the new tech?
Pop quiz: What do many people require every day, ad infinitum?
1.) The Internet.
3.) A new PC.
4.) A Cisco BMF Router.
The other thought I had in mind: Is energy the new gold? Inflation hedge/end of the world hedge/dollar declining hedge.
I don't know the answer, I just had those questions running around in my head. [Plus this image of Jennifer Garner in a schoolgirl outfit, but I digress.]
P.S. You probably already know this, but most plastics are made with hydrocarbons.