In the s/t there may be the ups and downs as always.
In the l/t they will only go one way - UP.
Reason is simple and I will give one example - AFRICA. The popn of Africa now is around 1.5b. This is expected to increase to 4b by 2050. There will be industrialization on a huge scale and other "givens" for such a popn.
There will be increases elsewhere too.
So demand will shift to the right and supply will become increasingly constrained. Price will only go one way - UP!
And forget about those who think 'renewables' is the way to go for energy - they have blinkers on. Unless we get something from the left field that provides unlimited and cheap energy, the Ruskies are set to become the wealthiest nation in history! And Putin knows - you can tell from his demeanour!
IVR Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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