Where Are All The $70-Brent Bulls Now? -- May 20, 2021

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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.

See ten-year history here.

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

Link here.

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Summertime ...

... and the living is easy.

Summertime, George Gershwin, Lana Del Rey

While My Guitar Gently Weeps, Dhani Harrison