This lady thinks you may be missing the inexorable rise of renewables Peeny.
https://www.eenews.net/stories/1060097107
"Even more what I was really struck by and really surprised by were the smart private equity people I talked to who are no longer even investing in shale because they think the dawn of the age of renewables is that close.
And ... once you see the end of oil, even if the end of oil is 20 years off, once you see it, the price goes into a secular decline and it never recovers. That's what happened with coal.
People are actively spending tons of time trying to figure out when that might be.
I think that's the other reason I'm kind of skeptical about this whole notion of beating our chest about American energy independence when the world is rapidly moving away from nonrenewables.
For us to be so proud of ourselves for having this oil and gas wealth and not to invest in renewables is sort of missing the way the world is going to be."
An interesting point of view. I wonder of she meant circular rather than secular?
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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