Our entire political class are sold on Net Zero & the reduction of consumption of everything by the general public.
As you know, long term inflation control / competitiveness / economic growth , can only be achieved through a plentiful supply of low cost energy (i.e. hydrocarbons) - THEY WILL NOT ALLOW THIS! It's as if someone is holding a gun to their heads.
The current tinkering, is to offer taxpayer backed handouts & additional windfall taxes, whilst also doubling down on more renewables.
You can see where this is going, and it's looking grim.
MARXISM & total state control / ownership is the true goal behind all of this & the agenda of the WEF.
The federal government buys oil and replaces the oil removed from storage. Removing oil from the SPR is a short term band aid that makes the shortage worse later.
I've wondered whether the CCP is behind some of the climate activism groups ... small change for them to make large numbers of small, anonymous donations to these groups that then undermine the West.
Permanent switching or having the option of dual firing for generators, would make a lot of sense - but again, in the UK, I don't hear any discussion about this possibility.
To be honest, I was never keen on the almost universal adoption of natural gas for mass generation of electricity (for the sake of short term reduced capital outlay). Coal for base load has proven benefits (combined with responsible combustion i.e. scrubbers), which is why China continue to increase their capacity.
(Chinese renewables are purely to showcase their product offering to the west, since there is so much money to be made here).
I guess large scale consumption of natural gas is ok when you have a limitless domestic supply for decades to come - otherwise - no! Few have such luxury & even fewer are now allowing such exploration.
Anyone reading this page, are most likely invested in LNG (either directly or indirectly), but that doesn't change the fact that (other than short term security / continuity issues) as a major contributor to the energy mix of any country - LNG is insane - bonkers - mad! The specialist infrastructure required (liquefaction / transport / regasification), is horrendously expensive, takes years in planning and years to build. The product having gone through this process is many times more expensive than any domestic production & you've also lost 15% of product to boil-off.
But I don't get to plan nations energy policies.
Perhaps some of your readers (myself included), would be interested to hear your opinion / discussion on the LNG space, as it continues to grow (along with with debt) - there don't seem to be that many opportunities for retail investors. Whilst I'm invested in multiple North American upstream / midstream / some downstream cos, the only pure LNG play I hold is stock in Cheniere (which likely does not offer much upside from here). Considering the debt, it might be best to bypass any such "opportunities" should they arise? (Tellurian was a risk too far for me.)
In the UK, we don't have a choice.
Our entire political class are sold on Net Zero & the reduction of consumption of everything by the general public.
As you know, long term inflation control / competitiveness / economic growth , can only be achieved through a plentiful supply of low cost energy (i.e. hydrocarbons) - THEY WILL NOT ALLOW THIS! It's as if someone is holding a gun to their heads.
The current tinkering, is to offer taxpayer backed handouts & additional windfall taxes, whilst also doubling down on more renewables.
You can see where this is going, and it's looking grim.
MARXISM & total state control / ownership is the true goal behind all of this & the agenda of the WEF.
I live in Europe ( Netherlands at the moment). I'm expecting a lot of government wipe out around here.
Just hope in won't get to much extremist to the power (wishful thinking).
Thanks for your posts.
I guess the Strategic Petroleum Reserve needs to be replenished at some stage too. How does that actually occur ?
The federal government buys oil and replaces the oil removed from storage. Removing oil from the SPR is a short term band aid that makes the shortage worse later.
Thanks. No doubt pays the prevailing price. It strikes me as a very un-strategic move.
I've wondered whether the CCP is behind some of the climate activism groups ... small change for them to make large numbers of small, anonymous donations to these groups that then undermine the West.
Permanent switching or having the option of dual firing for generators, would make a lot of sense - but again, in the UK, I don't hear any discussion about this possibility.
To be honest, I was never keen on the almost universal adoption of natural gas for mass generation of electricity (for the sake of short term reduced capital outlay). Coal for base load has proven benefits (combined with responsible combustion i.e. scrubbers), which is why China continue to increase their capacity.
(Chinese renewables are purely to showcase their product offering to the west, since there is so much money to be made here).
I guess large scale consumption of natural gas is ok when you have a limitless domestic supply for decades to come - otherwise - no! Few have such luxury & even fewer are now allowing such exploration.
Anyone reading this page, are most likely invested in LNG (either directly or indirectly), but that doesn't change the fact that (other than short term security / continuity issues) as a major contributor to the energy mix of any country - LNG is insane - bonkers - mad! The specialist infrastructure required (liquefaction / transport / regasification), is horrendously expensive, takes years in planning and years to build. The product having gone through this process is many times more expensive than any domestic production & you've also lost 15% of product to boil-off.
But I don't get to plan nations energy policies.
Perhaps some of your readers (myself included), would be interested to hear your opinion / discussion on the LNG space, as it continues to grow (along with with debt) - there don't seem to be that many opportunities for retail investors. Whilst I'm invested in multiple North American upstream / midstream / some downstream cos, the only pure LNG play I hold is stock in Cheniere (which likely does not offer much upside from here). Considering the debt, it might be best to bypass any such "opportunities" should they arise? (Tellurian was a risk too far for me.)
I concur! keep it up.