Has Energy peaked?
- Thread starter bluetors
- Start date
The key is knowing when the war will end. It can easily slip to $55 if war ends.
I doubt it. When the war ends, do we just forgive the Russians, and start buying their oil and gas, as if nothing happened? I don't think so.
Irrespective of how the Ukraine war ends Russia's oil production
is going to drop big time as a result of the withdrawal of foreign
oil investments. Without access to western oil drilling technology
the damage inflicted on Russian oil industry will be irreversible.
Looking to the bright side collapse of Russian oil should come
as a blessing in disguise to investors betting on oil prices staying
elevated as well as climate change sheeple longing for emission
reduction.
is going to drop big time as a result of the withdrawal of foreign
oil investments. Without access to western oil drilling technology
the damage inflicted on Russian oil industry will be irreversible.
Looking to the bright side collapse of Russian oil should come
as a blessing in disguise to investors betting on oil prices staying
elevated as well as climate change sheeple longing for emission
reduction.
That's great to know.
| CRESCENT POINT ENERGY | 1 | US$5,092.20 | -135.30 | -2.59% | -1,644.90 | -24.42% |
Baytex Energy | 1 | US$4,056.49 | -123.94 | -2.96% | -676.02 | -14.29% |
ATHABASCA OIL | 1 | US$1,017.88 | -30.05 | -2.87% | -255.39 | -20.06% |
Oil fundamentals are strong but the price is quoted in US dollars which is getting stronger, so from a pricing POV, I feel like a sudden drop can come any time, despite strong fundamentals (decent demand, tight supply).
Just a trade I'm thinking out loud. Don't know if XOM is worth shorting I just the see chart and it's very enticing. UP 77% ytd
Just a trade I'm thinking out loud. Don't know if XOM is worth shorting I just the see chart and it's very enticing. UP 77% ytd
I feel that the big issue is supply, demand will fluctuate, but supply cannot. Yes, the Russian problem and the release of strategic oil reserves have an effect, but there has been a war on oil, and that has caused companies to invest MUCH less in exploration and development of oil capacity, and that cant change fast.
Too late to short now. Theres upside risk all the way to 100-110+ per barrel. When demand comes back on, there is no additional supply. Nonone has invested in new drilling or wells (especially the shale companies in US but also other production cos.). I am bullish oil in 2023 (and copper longer term).
Along with copper I am bullish on iron ore, nickel and
cobalt. Demand for pretty much all the base metals needed
for EV manufacturing. wind, solar and nuclear power plant
construction have nowhere else to go but the sky in the coming
decade.
cobalt. Demand for pretty much all the base metals needed
for EV manufacturing. wind, solar and nuclear power plant
construction have nowhere else to go but the sky in the coming
decade.
Yeah, they really crashed back when the Saudis decided they wanted to put the frackers out of business by flooding the market.
You mean has Exxon peaked. You're not talking about energy in general.
Great time for you to short it. I'll watch.
But seriously...you can't be serious asking about shorting a stock on a monger board
There is no simple answer to how things will go in the future. Ever. The oil and gas industries, and energy in a more general sense, are always hard to predict as per the experience of the last 10 - 15 years. Experts have been convinced of the bull case in the past, and been dead wrong. Same with the bear case. Big questions on both the supply side and demand side are interacting in ways we have never seen before.
I have personal guesses, mostly that things will be volatile. For crude, 60 to 100 WTI, for nat gas in Canada, steady but some volatility, for LNG much more volatile.
I have personal guesses, mostly that things will be volatile. For crude, 60 to 100 WTI, for nat gas in Canada, steady but some volatility, for LNG much more volatile.
A Mad Rush to Build More EV Factories, But Where are the Minerals?
JAN 2, 2023
...........................................................
The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
The 11-month total adds to the $37 billion in new auto-factory spending committed in 2021, when a number of new projects were revealed in states such as Tennessee, Kentucky and Michigan. The annual figure is up from $9 billion in 2017 and a more than eightfold increase from two decades ago, the center found.
The race by auto makers to populate their lineups with electric vehicles is the biggest factor behind the factory-spending spree. The federal climate package passed in 2022 is likely to further accelerate U.S. investment, earmarking tens of billions of dollars to subsidize EV and battery factory projects, as well as facilities for processing battery materials such as lithium and graphite.
Some foreign-owned car companies are targeting the U.S. for expansions, an offset to weakness in other global markets. Meanwhile, freshly
capitalized EV startups, including Rivian Automotive Inc., are building out their manufacturing capabilities.
Rivian, which began building vehicles in Illinois in 2021, has committed to a second factory in Georgia to open in 2026. Hyundai Motor Co. has revealed plans for a $5.5 billion factory complex in the state, as well.
The Inflation Reduction Act further hastened efforts to increase domestic output. It offers billions of dollars in manufacturer incentives for domestic battery production, and limits a federal tax credit for EV buyers to vehicles with batteries and their mineral components sourced in North America or from trade-friendly countries.
In the past year, General Motors Co. opened a new battery factory with LG Energy Solution in Ohio and is developing two more, in Tennessee and Michigan.
..........................................................................................
mishtalk.com
JAN 2, 2023
...........................................................
The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
The 11-month total adds to the $37 billion in new auto-factory spending committed in 2021, when a number of new projects were revealed in states such as Tennessee, Kentucky and Michigan. The annual figure is up from $9 billion in 2017 and a more than eightfold increase from two decades ago, the center found.
The race by auto makers to populate their lineups with electric vehicles is the biggest factor behind the factory-spending spree. The federal climate package passed in 2022 is likely to further accelerate U.S. investment, earmarking tens of billions of dollars to subsidize EV and battery factory projects, as well as facilities for processing battery materials such as lithium and graphite.
Some foreign-owned car companies are targeting the U.S. for expansions, an offset to weakness in other global markets. Meanwhile, freshly
capitalized EV startups, including Rivian Automotive Inc., are building out their manufacturing capabilities.
Rivian, which began building vehicles in Illinois in 2021, has committed to a second factory in Georgia to open in 2026. Hyundai Motor Co. has revealed plans for a $5.5 billion factory complex in the state, as well.
The Inflation Reduction Act further hastened efforts to increase domestic output. It offers billions of dollars in manufacturer incentives for domestic battery production, and limits a federal tax credit for EV buyers to vehicles with batteries and their mineral components sourced in North America or from trade-friendly countries.
In the past year, General Motors Co. opened a new battery factory with LG Energy Solution in Ohio and is developing two more, in Tennessee and Michigan.
..........................................................................................
A Mad Rush to Build More EV Factories, But Where are the Minerals?
The auto industry has earmarked billions of dollars for EV projects resulting in the Biggest Auto-Factory Building Boom in Decades The U.S. auto industry is
mishtalk.com
There is magic in the air. We can all convert everything to electricity and the electricity will magically appear and it will be cheap enough.
Reality. Electricity = more coal, and other fossil fuels. Solar, wind, are a very small blip in total electricity production, and are not at all good for basic electrical needs. So go ahead and buy your coal fired Tesla, or other electric/coal powered vehicle and see how it solves the carbon emission problem.
Reality. Electricity = more coal, and other fossil fuels. Solar, wind, are a very small blip in total electricity production, and are not at all good for basic electrical needs. So go ahead and buy your coal fired Tesla, or other electric/coal powered vehicle and see how it solves the carbon emission problem.
Folly, lol. Ok, guess we shouldn't even try to do anything at all then right
Most new power plants are LNG which while obviously not carbon neutral only produces 50% of the CO2 emissions of coal power plants. A 50% reduction is still pretty fucking significant if you ask me. Nevermind the huge reductions in mercury and other toxic emissions that LNG only produces a fraction of vs coal.
