RE:RE:RE:Well in other news, Suncor valuation vr6...thank you
Horse and buggies delivering milk in the 50s? Don't recall that. Remember a guy in a small delivery truck delivering our milk from the dairy on the corner....lol...maybe they did where you lived...
I am not saying that the world won't need energy, the question is what kind?
In the energy producer category I have held TOU for a numbers years having bought in in and around 30 a share since I do believe that NG has a much longer flight path than oil. As oil in transportation is replaced by EVs etc, the electricity needed will not be produced by oil.
But frankly, in reading the posts here for the last while, with all due respect to the contributors here, I think from an investment point of view, people are missing the fundamental point. It far easier to make money buying companies that are growing and have Governments helping them than buying companies where there are growing substitutes for their output and have Governments legislating against them. This is not rocket science!!
As for 3rd world demand growing, I must admit that I am somewhat skeptical about that. Back in the day I recall people saying that Africa would be a growing market for traditional telephone switching equipment and transmission lines. Well with technology changes that never happened or least nowhere near the extent that technology deniers were predicting. As a case in point, the private company that I am invested in will in the future deal with the electricity demand in Africa and won't be using a drop of oil to do this. The two most populous countries in the world India and China in the future will require less oil than they use now as they move to renewables and nuclear. The richest man in India isn't in the oil business.