TODAY'S TOP ENERGY HEADLINES
' In the Know, Ahead of Markets, Deciding Wisely...'
February 28, 2022
Editor's Comments
One thing that can be expected is that the prices are going to bounce around as fears and emotions relative to the Ukraine Conflict shift on a moment to moment basis. The fact that OPEC is not providing more production may mean that its supplies are getting tighter as expected. OPEC countries were known to overstate reserves in order to achieve higher quotas. This backfires in the sense that you would lose more reserves faster.
What to expect? For sure, continuing volatility depends on geopolitical ups and downs near term. However, when we look forward one cannot forget that we are exhausting total global supplies meaning oil prices have the momentum to keep increasing - leading to higher pressures on all prices in the economy.
Commodities, in general, are looking to be the best asset class for investors while high tech flyers have the greater downside risks. Consider this question - how will businesses operate when supplies are exhausted or practically too scarce to continue operations? Renewables are not the answer as they are too intermittent, difficult to store and will need very scarce non-renewable resources by 2050 to be viable and dependable to the global industrial enterprise.
Let's look at the meta numbers. The mathematics is really quite simple - global oil reserves are about 1.1 trillion barrels and consumption is close to 40 billion barrels annually.
Now you figure it out - HOW MUCH TIME IS LEFT?
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