It’s interesting to observe apparent market reaction to the IEA report. Oil remains well supported. Equities are getting hammered…. Market confusion by those without deep knowledge of the O&G industry is presenting another buying opportunity. Fine with me. E&Ps can keep working down debt and buying back shares. The returns later this decade and into next keep looking juicier and juicier for those with ample reserves
Where do EVs get their recharge?
Coal & NG & nuke fired electricity.
Oil is not used for electricity.
Just a shell and pea deception.
Great piece and excellent advice to fade nearly every IEA report. They've entered the Jim Cramer zone.
It’s interesting to observe apparent market reaction to the IEA report. Oil remains well supported. Equities are getting hammered…. Market confusion by those without deep knowledge of the O&G industry is presenting another buying opportunity. Fine with me. E&Ps can keep working down debt and buying back shares. The returns later this decade and into next keep looking juicier and juicier for those with ample reserves