RE:HBOC German Manufacturing PMI: August 2023: 39.1ZT....The first part of your post is something I have been saying here for quite a while.
Your last paragraph is very important IMO. Despite the total misunderstanding of my message by people here like Integrity and his associated silly labelling of me, I see the political forces for renewables as wrong headed....let market forces play out naturally
My message has been that things will get screwed up and that there is money to made investing in companies that have solutions to the problems that will emerge. That is where my money is going and the returns from doing that far outweigh over the longer run any returns from investment in oil when politicians around the world are legislating oil out of business.
As an example, the private company I have invested in is currently doing another round of financing at 16X the cost base of my ownership of 1% of the company. A week ago I invested in another company that is up 9%. A million dollars at 16X is 16 million!!
The crazy thing is that if Migraine and others here are right about shale oil (and frankly I think he is right), it will result in a downturn in asset pricing due to the collapse of the banking system the likes of which we haven't seen since 1929. The asset prices of all stocks could go down 90% like they did in 1929/30.....not a place I want to be invested in.
Bottom line?
People like Integrity who only like to read those that reinforce their narrative will wake up one day and regret their narrow minded approach to investing. I learned a long time ago to seek out people who have a different view cause they have thought of things that I haven't.