Energy: This Is Not Going To Turn Out Well -- Juneteenth, 2021

It's too late: it's too late to avoid a major oil supply crisis. Link here. I really respect this writer/analyst, but how many times have we seen "woe is me, not enough CAPEX." Oh, give me a break. If oil hits $100, every shale basin in the US -- and there are scores of them -- will be booming.

Blackouts in the west: drought reducing hydroelectric power. From The WSJ.

• We've seen this movie before.

Oil bulls are dancing in the dark, FT, behind a paywall but easy to get around. 

• A typical FT story, reporting what most of us already know but offering no new insight.

Cuba or Venezuela: video at 9:00 p.m. 

• Gasoline lines now stretch for more than two miles, last longer than four days and four nights.

And it's just begun, from social media:

• a single Tesla battery weighs about 1,000 pounds; requires the removal of about 500,000 pounds of various ores from the earth.
• the BEVs in North American (one million cars) have as much cobalt in them as one billion iPhones
• and then, of course, there's always the Anaconda copper mine;

From a reader, California and diesel:

"A major retailer told me if that engine [the Cummins Westport 15-liter-natural-gas engine launched in China a few months ago] was available here today, they would pull all of their trucks out of California tomorrow - the diesel trucks - and replace them with natural gas."

The above statement came from a Commercial Carrier Journal article from 3 days ago titled 'Nat gas trucks enjoying great interest ...". 

About a 10 minute read focusing on RNG ... Renewable Natural Gas, with a scathing highlight on one of [the blog's] favorite topics - the gross inadequacy of infrastructure to 'power' Electric vehicles.

While I personally think the entire RNG world is silly, it appears that I may be mistaken from an investment/financial perspective. (The RBN Energy post today touches upon this topic). 

With California punishing diesel while simultaneously giving money to dairy farmers, landfill operators and municipal waste water facilities, the switch away from diesel might occur more rapidly than I would have anticipated. (See above quote).

My quick reply: From an investor's point of view, betting against "California craziness" could be costly.