Net Zero - The Truth at Last!And so the shift away fron Net Zero begins.....Europe admittedly doesn't have the money and can't compete with American green agenda subsidies. But apparently the US can afford it? The US currently has over $33 Trillion in debt with interest payments alone on their debt now exceed their entire annual military budget. US debt interest payments were $89 Billion in October so annually about a whopping $1 Trillion dollars!
The Truth About Net Zero, at Last (msn.com) This should mean fewer trips to Europe now by Trudope and friends since the political climate and lack of funds for the green agenda is clearly waning and well that just won't get him the votes.
And so where will Europe get their fossil fuels from once the tide shifts and they come to realize fossil fuels aren't going away any time soon?
And for those who think Sultan Aber Jaber is simply protecting his oil empire interests, apparently a variety of Nobel Prize winning scientists who are actually the experts in this field would seem to agree with his analyses and even back it up with scientific historical data. This second link is a bit lengthy with the real interesting parts (graphs/charts/data) about 3/4 of the way through. I posted this link a few months back for those who may have already seen it, for those who haven't it's well worth a close read.
Why value investors should doubt “climate science” - Chris Leithner | Livewire (livewiremarkets.com) Don't get me wrong, we all need to be kind to our environment and reduce fossil fuel emissons wherever possible and reasonable to do so but this 'The world will End' Climate Change activist movement that has been turning people around the world against each other is not working and may just get us all before fossil fuel emmissions ever do!
With this apparent developing shift in European Climate Change sentiment, I don't believe the price of oil will be staying around the $70 level for very long. My opinion only, please DYODD.
HB77