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

To: TigerPaw who wrote (13952)	6/9/2022 9:08:27 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26767

I am sure my gardener, who lives in a rent stabilized apartment, would like to know where he can buy a Tesla truck and get solar panels to charge it for free. Clean energy has a cost. It turns out to be very, very high as the "rest of the world" comes out of poverty and gobbles up every bit of low cost coal, NG and oil energy that can be produced... so in effect, we are in a bidding war. Higher prices used to mean higher production but ESG policy, that Trump rejected and Biden restored, has changed this. It is funny to read of warning of $100 oil just a few months ago: ESG And The Dangerous Structural Increase In The Price Of Oil Americans are understandably blaming the Biden administration for surging energy prices: “ Pain at the pump drives Biden’s suffering in the polls.” At over 100 million b/d, global oil demand is back to above record levels. This is very strong support for the world’s “black gold” because leisure travel and jet fuel consumption are still well below their pre-pandemic levels. This has major banks calling for $100 oil this year and even higher prices beyond. And, once again contrary to the purported goals of ESG, low-income and communities of color will suffer the most. forbes.com