Chart -TPD, page-445

definitely worried about global recession after such a long period of lowest interest rates ever but the shortage of gas (for energy) as they phase out of coal (globally and in Aus) is what makes the gas thematic (thus TPD & PB at large) such a compelling investment theme.....

There is huge money going into renewables (see below) but they just can't build enough of it fast enough to fill the energy gap left by coal. The problem, particularly as we don't have a nuke industry, is with us for at least 10/20yrs as I see it.....by which time TPD will be long gone!

Cut & past from Geopolitical Futures Daily Memo....last week.


Cheers

HC