• Federal Reserve Chairman Jerome Powell said he expects policymakers in December to discuss accelerating the timetable for the tapering of monthly bond purchases.
• Speaking before a Senate panel, he said tapering could wrap up “a few months sooner” than anticipated. That would open the door to interest rate hikes thereafter.
• Powell also said, “it’s probably a good time to retire” the word “transitory” to describe inflation.
• Copper is the “essential metal” for energy transition, being used in wind, solar, EVs, and power grids.
• Global energy consumption is expected to double by 2050, with many countries pledging to be carbon neutral by that same time.
• 100% recyclable and can be used repeatedly without losses in performance.
• Incredibly energy-dense, with a single uranium pellet (~1g) being equivalent to 1 ton of coal, 120 gallons of oil, or 17,000 cubic feet of natural gas.
• Global energy consumption is expected to double by 2050.
• Nuclear power is greenhouse gas-free and has lower lifecycle pollution than even wind, solar, or hydro.
· The burgeoning energy crisis and oil’s role in it. (0:45) · How might OPEC respond? (06:45) · ‘Winners’ in the energy sector from the supply crunch (8:24) · Container shipping supply chain woes (11:15) · Companies that could benefit from shipping. (15:33) · Outlook for metals during energy transition (16:29) Click Here to be Redirected to ContentRead More
• Crude oil and natural gas liquids are ubiquitous.
• Carbon based energy has unmatched energy density.
• It will be difficult to wean the world off oil and natural gas.
• Natural gas is the cleaner and greener of the two.
• Demand for crude oil will continue for decades.
• Natural gas demand will continue to grow.
Deficit spins out of control with Covid stimulus.
Explosion of deficit spending on top of already broken fiscal budget.
Covid spending was on top of never repaid 2008 Financial Crises bailout.Read More