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Strategies & Market Trends : Value Investing
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To: Johnny Canuck who wrote (78717)12/14/2025 6:37:07 PM
From: robert b furman2 Recommendations

Recommended By
bruwin
toccodolce

   of 78748
 
Hi Johnny

IMHO the IEA's position on a glut is more political than it is factual.

OPEC+ does not agree with it.

The supposed looming glut in 2026 is based on the belief that EV's will curb oil demnad as they gain market share.

EV's have been supported by government subsidiee which have been phased out by the UK, and begrudgingly even the Euro land.

They are simply difficult to use when longer diving trips are needed. They are not inexpensive and they require huge energy to be made ( hink lithium mining for batteries and steel and concrete for windmills - not to mention the huge towers).

The green new deal just happens to overlook the entire costs of their scam.

EV's without governemt favoritism are on the wane as far as market share is concerned.

The emerging markets have never even embraced the transition. They desite inexpensive vehicles that use fossil fuels.

The dirty truth is fossil fuel have a greater energy coefficient than EV's runing onrenewables. ICE's , are reliable and easy to transport- thus desired by poorer countries who do not have the wealth to fritter away trillions on an unproven theory like "The New Green Deal. Nor should wealthy countries.

Don't be fooled by political themes coughed up by the IEA.

Bob
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