The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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pak73

To: elmatador who wrote (7944)	9/15/2021 7:36:32 AM
From: robert b furman	1 Recommendation Read Replies (2) of 13803

HI El, I'd add the biggest inflationary force that is only reversible in the long run. Energy will be doubly expensive. The realization that renewables are not only more expensive vs how they have been hyped and pitched PLUS the intermittency of renewables REQUIRES fossil fuel backup - even coal if you have not embraced conversion to gas. Add to that, the capex reductions of fossil fuel E&P, will increase the prices of fossil fuel globally. The greenies hype is being exposed, and every body is going to pay more, till all electricity sources are promoted and invested on. That means the world's electrification will take longer, and do to exaggeration of renewables being cheap and its adoption being quicker, it will not only take longer to be adopted, but the cost of both renewables and fossil fuels will be much higher. The pendulum had swung too far to the renewables are the savior We'll now pay thru the nose, as we revert to what common sense should have taken us. Energy independence at the lowest cost requires the embracing of all sources of energy. Quite simple and common sense, but the lobbyists and politicians who saw big income from taxes and energy credits took it down the rabbit hole. Bob

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