"...I am at a loss to describe the mayhem going on in the energy world... it’s just that the macro scene is so ludicrous that it defies description or common sense.
...Think I’m nuts? Hear me out. It won’t take long.
- At present, Europe, China and India are in a mad scramble to secure hydrocarbon supplies before winter. Natural gas and coal prices are at record highs, and oil is at a 3 year high....More than half of India’s coal fired power plants have less than 3 days’ supply... And winter is looming. The problem could be catastrophic.
- ...At the same time, observe what is happening in capital/debt markets. For purpose of this discussion, two points are of note...producers cannot access capital markets, while all the users of that fuel tap debt and equity markets to fuel further growth, which will require more hydrocarbons.
...Global governments are standing by, pretending there is minimal “transitory” inflation, pretending that the trillions going into green energy are doing anything at all, and sweating profusely at the thought of this all unravelling.
...The world is sleepwalking into an energy crisis.
...The world is sleepwalking into an energy crisis.
Only independent voices have pointed this out, and have been drowned by a hypnotized and ignorant media...Read all!!!!!
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