Social media, business news, oil journals suggest we could be on the verge of another incredible oil story going forward over the next ten years.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
With regard to energy, does it come down to this: oil, renewable energy (wind and/or solar), nuclear?
If there is something else, I am not aware of what it might be. No, it's not hydrogen. LOL.
Coal is out, except in China.
Nuclear is going away, except perhaps in Japan.
Saudi Arabia thinks there will be a crude oil deficit by the end of the year. Others have suggested the same thing.
The United States is going to spend a lot of resources / is going to waste a lost of resources on renewable energy over the next four years.
If the administration is successful in curtailing the US oil sector, the Mideast will easily make up the shortfall.
Now note: the opening sentence: "....on the verge of another incredible oil story going forward over the next ten years."
The pivot to "all EV" will occur faster than the renewable industry can keep up. We'll see that in five years.
Policies in the western world will drive us toward renewable energy, away from fossil fuels.
The gradual increase in the price of energy will be like the frog on a log in ever-increasing heated water.
Five years from now it will be obvious to all that there is simply not enough water or land on which to put all the wind and solar farms necessary to provide all the energy needed for all the nuclear energy plants shut down.
At some point, renewable energy will max out.
And that will be that.
Five years.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
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