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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (13405)	3/26/2022 11:12:49 AM
From: robert b furman	Read Replies (2) \| Respond to of 26806

Hi Kirk, Long term impact from a decade of low investment into E&P CAPEX on a global perspective will take much longer for the world to increase capacity to pump crude. IT IS THE EMERGING MARKET DEMAND FOR CHEAP FOSSIL FUELS THAT ARE ALWAYS UNDERESTIMATED. Renewables have been a poor allocation of Capital. That poor allocation has resulted in more expensive electricity where ever it has been attempted. The reality of renewables is, they need a back up system. That makes natural gas the cleanest and cheapest bridge fossil fuel. It is the bridge till we embrace nuclear in a much bigger way. It is like our community meeting when we discussed recycling. A person asked if it was more expensive to recycle. The waste management representative said, "It is more expensive to run two trucks through your neighborhood than just one". Ditto renewables and a back up system - duh. Fossil fuels are here for decades. Shutting them down is a fools move. Green cult like environmentalists are funded by fossil fuel foreign nations with nefarious intentions. Trump proved it to the World with his presidential orders. Sadly Biden reinstituted the blockade of developing our god given natural resources. The price of gas PROVES THE SCENARIO. These folks have been on the money for more than two years. It explains why production has been maintained over the pandemic (completion of Drilled but uncompleted wells (DUCS) - which are now depleted to very low levels). The resumption of drilling must now take place, which requires a relaxation of ESG restrictions. ESG has accumulated a lot of money that has nor found its application. Much like Europe now declaring natural gas and nuclear as green sources PK for funding, so to will US ESG funds once again find the oil patch. Big question is will it happen in North America or in dictatorships. Should be a no brainer but politics/kickbacks enter the realm. An excellent read: blog.gorozen.com Bob

To: rdkflorida2 who wrote (13405)	3/27/2022 10:54:15 AM
From: Kirk ©	1 Recommendation Recommended By Sdgla Read Replies (1) \| Respond to of 26806

SMH (Shake My Head).... A very, very important and I thought very good speech that they are walking back already... Is there a pattern? #1 Press releases saying he's using every tool at his disposal to lower the price of oil then when they fail, the White House spins? #2 Yesterday.... says the leader of a country you want to negotiate a peace with should not remain in power (be removed from office.) I can't see how this helps the markets or the US status in the world when what you clearly say on the World Stage is immediately walked back by staff.... Will it be back into the basement for Joe?