Insights

Inconvenient truths:

Three quarters of the planet is expected to see exponential growth in fossil fuel usage over the next 40 yrs. This includes China, Russia, India, Africa and South America. These nations are not about to implement unaffordable trillion-dollar “green energy” investments that even Michael Moore admits simply do not work. Their first goal is to get all of their people out of poverty, which means access to much more reliable and cheap energy. In other words…fossil fuels … Oil and natural gas seem likely to be beneficiaries.

Activists protests to stop funding oil and gas are working and will drive oil and gas prices up, which will contribute to rising inflation.

Oil’s current consolidation seems likely to be similar to the action of June – November 2020: temporary.

 

 

 

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