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Thursday, May 20, 2021

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

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

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

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