Target $18.72, page-2967

They all are about energy (in some form or other).

cavemen clans fought for fire and food regions. Timber is the king of energy.
medieval fiefdoms fought for arable land and forests and iron ore. energy.

I need not mention why we had all the subsequent wars. The pacific war was all about resources. the Middle East is one big energy war from WWI.
No WWI....NO Arab emirates and saudi arabia control of oil. Of course the Arabs getting the oil was not the true intent of war...just an unforeseen consequence.
The Sino-Soviet conflict was over only one thing. Oil/Gas and metals one country wants and the other country has and we all would like. Don't underestimate the desire in the southern land of the two.


IMO

Great posts hagetaka. one of the more sensible voices on here. IMO

In terms of WHC... there will always be a market for our coal because there will NEVER come a time when FF are not needed to keep the modern economies going. And with less profitable suppliers being picked off we can only see a positive market. Everything is about energy. Coal and Oil and Gas are super-concentrated sources of energy.
Purely because they represent millions of years of solar energy stored in a complex atomic structure which releases the energy consistently. Even if only 0.01% of the light energy absorbed by a leaf (coal) or plankton (oil) was trapped over those millions of years a solar panel would need to be sitting there for 100 years to collect the same energy. And a leaf or plankton doesn't use up much of its energy (it's a very efficient storer of energy in it's own right) Maybe if they cover the Simpson and Sahara deserts with solar panels they might reach some sort of energy parity to the energy stored in FF. IMO. enough of that anyway.