the PROBLEM is a concerted effort by ( MAJOR ) banksters NOT to fund fossil fuel projects ( that includes SOME fund managers ) ( look no further that the WEF 'chat ' featuring Mark Carney on how bankers were going to push forward the climate agendaThe oil companies all getting together and conspiring not to drill, up supply etc etc isn't exactly unrealistic either.
There's a reason why GUSH hasn't followed NRGU nearly as high.
Russia will NEVER sell to those ' unfriendly nations ' again once contracts need renewal , they are dud , deadbeat customers , they never reform ( they are proven debt-addicts ) , they just aren't worth talking toThe oil embargo involving Russia will eventually fade. Russians continue to export oil to China and India.
i have been ( mostly ) lucky in oil and gas ( TEG being the millstone ) , rather than skilled , i am unlikely to be adding to the holdings ( except via DRP ) unless in exceptional circumstances ( like BPT near 40 cents again )Not sure if buying the dip is going to be wise.
the Yanks need to lock their administrations in rubber roomsView attachment 143198
Powell's giving his half-yearly testimony. Republicans are on a tear. He's not wrong about this though - the yanks are the best/most insulated country probably outside of norway and the arabs.
Doesn't mean the situation's exactly "good" though, it's just the best of a bad bunch.
Biggest curveball still remains the U.S president curtailing some or all of yank oil exports.
Watch out,if you carry on,you will be called a crazy conspiracy madman...I think the true driver behind this is that western governments want fossil fuel prices to keep increasing forever until nobody is left on the planet able or willing to buy it.
The only constraint is to avoid total economic collapse causing widespread anarchy and public uprising directly against own governments.
The juggling act is keeping the pain going just enough to prevent chaos while forcing the transition to renewables.
There's no problem to fix, we are this way on purpose and will continue down this path until we have transitioned completely to renewables and most likely full socialism.
all my life , but the part that really irritates , is my total lack of empathy for those detractors ( when i am right )you will be called a crazy conspiracy madman...
Trouble is being right does not prevent the ongoing damages.all my life , but the part that really irritates , is my total lack of empathy for those detractors ( when i am right )
but they don't listen , or even think for themselves FIRST ,Trouble is being right does not prevent the ongoing damages.
I have no joy seeing people killed or maimed by their Pfizer shots for example, losing wealth on inflation or moving into ghetto trailer parks now renamed tiny houses by our woke world.... just most recent local news.
What always remains is greed power and stupidity...most economic and finance moves can be sourced back to these.
Conspiracy theory might as well be called spoiler alerts or future facts given the last few years.Watch out,if you carry on,you will be called a crazy conspiracy madman...
Been there done that. But fully agree,it is called the Reset....
Interestingly, economists and banks are now forecasting a recession.
the BIG banks , true .. but SOME smaller banks ( in Australia and elsewhere ) still have some potential growth paths ( included the regularly touted mergers )Powell's comments yesterday were "recession not inevitable". Green markets outside of banks & oil were the result. We shall see.
Nobody has any confidence in the banks - they seem to go nowhere no matter what else is going on.
Nobody has any confidence in the banks - they seem to go nowhere no matter what else is going on.
In Australia the BIG banks are quasi Government institutions, so they just follow the economic sentiment, somewhat like Telstra.the BIG banks , true .. but SOME smaller banks ( in Australia and elsewhere ) still have some potential growth paths ( included the regularly touted mergers )
I Agree! re INFLATION!View attachment 143267
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A large case of something becoming "prohibitively expensive".
Interdastingly, when you look at the rollover in bonds, rate hike bets, oil prices etc etc etc it does look like we might have finally gotten somewhere near a bottom. There was a nice bounce at open on tuesday and it's actually remained (markets are flat since). With futures well into the green we might actually have a positive week for a change.
Put a growth bet down then have you?I Agree! re INFLATION!
Am I missing out on something?
Which Commodity is at its High this Weekend?
Tough Talk from the Fed Works!
It's All We Need
IMHO The Inflation Game is Over
Very Small Interest Rates hikes from next month
Steady as She goes
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I have alreadyPut a growth bet down then have you?
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