Long Term Future of Santos, page-266

It is a hard game at the minute. Fair punt to be long as there has to be some good numbers coming but still market is not thinking they are continuing going forward. Hope your punt pays off. Not sure how leveraged you are but you could also buy some cover with options to lower risk if that suited you investment style.
Recession coming- will means no new competition as no one will invest at higher interest artes in long term fossil fuel assetts
Shortage of energy everywhere and little investment - also a positive as future supply curve is flattening but demand still strong so prices will be higher than average - how long will that last?

Tug of war - who will win?

Inflection points are governemnt policy changes, market price changes of commodities and realistically an awakening that renewables will take longer to bring on board than first thought. For a long time there will be fossil fuel use but it may be taxed to hell by opprtunist government and state policy. . Doesn't matter how much $ are planned to be spent on renewables the actual ability to implement them quickly and scale up is high risk and high cost energy
Also starting to hit home taht all the oil and gas byproducts are still in demand and many don't have a cheap readily avaliable alternative. This will affect many industries around the world.

The Australia Government now understands that industry can't transittion away from gas quickly and it will simply close and leave australai not rebuild in a country that doesn't allow industry transittion time.

With all the $ being thrown at hydrogen by Forrest and others they are struggling to make it ecconomical and viable as a process and they are long term thinkers. If it struggles against high cost mining it will means massive increase if used in current forms in non isolated lower energy cost areas.