I don’t play gas any more, I am playing MAY as I think oil won’t...

I don’t play gas any more, I am playing MAY as I think oil won’t start to decline until 2025 and won’t get seriously impacted until at least 2030.
Much of the industrial use of gas , through the reticulated networks, is likely to defer to electrical energy as this becomes cheaper. In essence we have 2 competing networks , so even if only 20% of gas is used for electricity generation I expect renewables will eat into the gas market. In any event I don’t want to invest in a product that I see as vulnerable and from the limited number of gas plays that I do watch, like STX are all down around 50% . So I feel I am not alone.
Woodside is building a blue H2 plant in Kwinana and STX is looking for a blue NH3 plant in Geraldton. I see these as a half baked solution to the wrong problem. They have too much CH4 so let’s go half green. This begs the question of why do they have too much CH4.
Oil I see as less vulnerable in the short to mid term, renewables will displace gas more easily but even so it’s the market sentiment factor that mildly concerns me. VOGC uses $25 in ground in his valuations and I wonder if that isn’t a little generous in a world gone off fossil fuels. Hopefully we will know shortly with a nice documented discovery.