Post by
lifeisgood1010 on Aug 19, 2022 11:51am
Drought all over and crack spreads
I wonder how many investors take into account all the major drought occuring all over the world.
In china the water level are in many places at critical level.Same thing in the USA.
Lake Mead level is 25 feets lower...
There will be huge demand for company that still have long live assets like SU, CVE.CNQ...
How reliable will be these eletric power stations going foreward?
As i write, WTI is up$1.30 but the 3-2-1 spread is keeping up at $58.57.
Comment by
Experienced on Aug 19, 2022 3:59pm
good points about buying water levels and electricity. There could be a shortage of capacity's in the future especially if there are more EVs. One of the reasons I have electricity producers in my portfolio
Comment by
mrbb on Aug 19, 2022 5:45pm
one more renewable, hydropower is losing its shine