Locator: 49233INV.
A reader sent me a link to a Fortune article on Venture Global. It's an amazing article, a must-read.
My reply, not ready for prime time:
I absolutely cannot make heads or tails of natural gas as an investment.I would assume VG's chart (see below) reflects the company spending a lot of money ramping up with a lot of new tankers. I have no idea. I don't follow VG.But across the board, NG and LNG have been poor investments for me.Over the next five years, the US will ship more and more LNG overseas.But five years from now, one wonders what the mix of domestic use / export LNG will be.When you listen to the AI crowd there's no way the US will have enough natural gas to meet the needs of all these data centers, though I don't think the shortage will be natural gas (the commodity) itself but rather the infrastructure like gas turbines and building all these new plants (regulators, EPA, permitting, etc).If LNG / NG gets too expensive for the EU / China, they will switch to coal in a New York minute.I won't be adding any new money to LNG or NG. I'm well represented in fossil fuel, perhaps 60% oil / 40% natural gas (to include pipelines).I'm struggling where to put new money. In situations like this, I chicken out and put new money in Schwab ETFs.The good news: I have less and less new money to invest every year. I am now funding the Roth IRAs for two older granddaughters who now earn enough money to max out their IRAs.So, over time, my tax liability gradually drops.VG:LNG:Back to where to put new money. Just as there is a "magnificent 7" in the tech sector, I think there's going to be a few huge winners in "streaming." You know, like NBC/Peacock. If so, "streaming" will be driven by professional sports.Oh, as long as I'm rambling, my favorite tech: Oracle and Broadcom (CEO here).You might see this on the blog. LOL.Bruce
