AIRCRAFT ORDERSWe are almost back to air travel levels before the pandemic. International travel has not fully returned. Both Boeing and Airbus have orders for Aircraft that take them into 2035. Half the current aircraft will be retired but thier are orders in place that will see aircraft grow by almost 30 percent from todays level. All of this will require fossil fuels. Because of the growth in non first world countries for transportation the stock of ICE vehicles will not decline for some time. Thankfully electric vehicles are allowing the world to redistribute transportation opportinties to other countries. The net result is we need more fossil fuels to power the existing fleet of ICE vehicles and to provide power for the new electrical demands for at least the next decade. Do your own due diligence and invest wisely.
GLTA Canadian Oil investors.