Solar panels could destroy U.S. utilities, according to U.S. utilities

[AdHocSolver]

58. All of the major energy companies are controlled by a common financial royalty.

The utilities, coal companies, oil companies, and gas companies are intertwined financially.

They invest in each other and control big blocks of stock in each other through investment firms, hedge funds, and the banking system.

If they abandoned coal for solar power, they would lose big profits on the sale of coal.

Years ago, I came across a large book that listed oil companies in the U.S. Out of curiosity, I skimmed through it, and discovered some interesting facts.

The book listed business data including assets, revenue, and the names of the board of directors and officers.

There were over 200 oil companies listed in this book. The most salient feature was that the same names, or the same family names, appeared over and over again among the Board of Directors and officers of the various firms.

If utility A switched from coal to solar panels, it would cause big profit losses to the "owners" of utility A who also had big investments in coal company B.

There is a financial royalty that controls most of the capital assets on this planet. Their goal is to prevent competition that wpuld affect their profits.

They are greedy and corrupt. They are not stupid.