Read an article in Bloomberg today speculating that the pandemic
has accelerated "peak oil". The original concept was that we would
run out of oil, because it is a finite resource. What happened
during the pandemic is that demand crashed. Something like 19
million barrels less of oil being consumed worldwide because of
the impact to transportation. Peak production has not occured
because of fracking, oil sands, and oil shale. So we are reaching
peak oil, but not supply; rather demand. Sure it will pick up as
we leave the pandemic, but the overall result is that oil is seen
now as a declining business. Estimates from various are that oil
will become a declining business anywhere from 2028 to around
2035.
Curiously, demand for electric vehicles did not diminish. And now solar electricity is the lowest cost energy production. Speculation is that because solar is not a commodity, but an energy source that keeps on giving, that current trends will continue.
bp
<part15sbs{at}gmail{dot}com>
Psuedo green energy sector will probably bump when the election is certified and then again after inauguration. Wind energy has the best grift so theyll probably see a lot of motion. Chinese owned solar will move too
On Wed, Dec 2, 2020, 5:28 PM Matt Hoppes <[email protected]> wrote:
Recently got back into stocks and day trading.
Any recommendations on short term stocks to hold for a few months with extra cash?
Any experience with ARK ETFs or other ETFs?
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