AGM..., page-30

You think you are correct, did you do any numbers. There are 5.3 LBS of carbon in a gallon of gas. The rest is hydrogen. A ton is 2000 LBs of carbon. So 5.3 /2000*$194= 0.54 ? Galon. But this is only an opening day proposal. We are 2 days into a 2 week long conference. Will it make it to the end unchanged? I doubt it. Every conference on anything always opens with pie in the sky objectives. Will it be a step change? JMO but more likely a phase in. Do not forget most of our electric still comes from carbon sources. Nuclier and renewables have no CO₂. NG is less than gasoline. Petro is more per gallon and coal is a lot more. So the tax hits electric as well.

https://www.statista.com/statistics/220174/total-us-electricity-net-generation-by-fuel/?

Will stock go up Monday I think it is likely not because of anything COP28 is doing but because on the 21 of Nov it was 681 and closed at 6.35 on Friday down 10% in 7 market days anything that falls that fast will always have a bounce. My guess is give it another 5 to 10 market days and it will be below 6.35. Time will tell.

I have been in favor of a Carbon tax for over 20 years I think more than what COP28 is proposing is needed. Politically it is poison so it is another thing I say I will believe it when i see it happen not just someone talking about it. My guess is the best we will see is $200 a ton phased in over 10 or 20 years with a ramp to delay most of rise.