POWER!!!! Fortescue Future Industries, page-681

I can understand you are really bullish on woodside, that's excellent. But I'm looking at the 5 year return which is a 20% loss and fmg is up 3 fold in the same time

Past performance is not always a good indicator as the world economics change. Due to ESG world wide movement and foolishness of many governments, financial institutions, superfunds etc there have been a huge underinvestment in the industry. It created a supply shortage. As world's economies are recovering from Covid, the demand simply cannot be met by supply. As you guys are huge fans of China in this forum, you probably heard that they had to shut steel factories due to blackouts. Chinese Commos made a big fuss that they are not to going to buy Australian coal, but quietly started buying again when sh$t hit the fan. Look at 2012,2013 and 2014 WPL performance. Those times are coming back.

I would suggest people exit any business related to fossil fuels. The advancements made in solid sate, lfp and ncm batteries and pem in the last year has signed fossil fuels death certificate

Well, I totally disagree with this one. When I drive around Sydney, I see a lot of ICE cars and this will not change soon. When I cook at home, I use gas. When I have friends for a BBQ, I go a swap an empty gas bottle at the petrol station. Oil is used to make roads, oil is used to make plastic , the list just goes on. The coal will eventually be replaced by others( gas, nuclear, renewables) . Gas will be a huge part of that substitution. Let's imagine that EVs will be 50% of the market by 2030. where do you think the power would come from to charge them IMHO Tesla will disappear before Woodside.

Hydrogen will eventually play a vital role in the energy sector, but we are probably looking at 2040 and beyond.