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Over on twitter earlier today, someone asked, "where are all the $70-Brent bulls now?"
My reply: "Quietly buying Chevron stock."
Brent today: flat, down 3 cents. Trading at $65.
April 12, 2020: Brent was selling for $9.12 / bbl. Tht was one year ago.
Whoever asked "where are all the $70-Brent bulls now?" is asking the wrong question. And it leads right into the next subject.
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IEA: To Get To Net Zero ...
... "we" need to end all new oil, gas, and coal development ... now."
I wonder if anyone has actually thought about this?
This is not Elon Musk tweeting about Dogecoin. This is the IEA -- the IEA -- providing a "full" talking paper on net zero energy (NZE).
I think this is very, very clever.
I wish I had more time to talk about this. I'll eventually get to it.
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Traffic In Europe Accelerating
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Summertime ...
... and the living is easy.
Summertime, George Gershwin, Lana Del Rey
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