#OOTT In times of these 'expert' reports from obviously biased agencies, I refer back to the Napoleon quote-"Never interrupt your enemies when they are making a mistake". While the push for a Green energy revolution is in the best interest for the planet, it is being executed
#OOTT 2/ by a clown show of disingenuous actors. Just like the cost of a container has skyrocketed, there are none available. The same will happen in the fossil fuel industry. Look at coal, yes coal the most despised FF, as it is in short supply and none is available at any
#OOTT 3/ cost in India and China. Why? Because the drive to replace it only cut back the supply, but not the demand. Demand charts past 12 months are just speculation. Now it is $NG's turn as there is no excess supply available at any cost-despite Putin talking the price
#OOTT 4/ down. $WTI is up next as it replaces the $NG short fall through substitution. Will this go on indefinitely? Unlikely, but it will be longer than the MSM thinks. COP26 will be a disaster as China and India are the main targets of emission reduction, and they are
#OOTT 5/ not in a position to comply with 'West's' demands to cut back. They march to their own agenda and will continue to do so. Will $WTI hit $100 in the next 2 quarters? Anything is possible with the supertanker of liquidity sloshing around the financial markets. Central
#OOTT 6/ Bankers have lost control and commodities across the spectrum are being purchased. Politicians getting involved only makes the situation worse. Politicians will panic when the first cold snap hits and prices ramp thanks to the financiers. Carry On and enjoy the ride.

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More from @Tin_Man67

16 Oct
Napoleon quote: "Never interfere with your enemy when they are making a mistake". That is the Chinese game plan ever since they were admitted to the WTO. For 20+ years, US business has done a wonderful job of off shoring jobs, pollution, and technology to China under the
2/pretense that they could sell their wares to the 1.4 bln potential customers. China thinks in decades, not on FYs. Their plan was simple. Absorb all the US technology and learn how the capitalist system works to bring their country out of the dark ages. For 20+ years
3/ they have executed their plan and now the game is changing. The US middle class has been gutted and thousands of one factory towns have fallen victim to the outsourcing. US labor got smoked as the 1 bln of low wage Chinese workers allowed US employers to move it off shore.
Read 10 tweets
16 Oct
#OOTT The curve is steep in backwardation and the citizens are seeing the effects of the Biden Administration and Green advocates policies. Maybe this is part of the transition team's plan to jack up the price of FF to make the Green initiative more palpable to the citizens.
#OOTT 2/ But of course the best laid plans always have a wrinkle. 'You reap what you sow' and the efforts by Fink, Gore, Bloomberg, Biden and a host of other anti FF advocates has resulted in a truly monumental clusterf$%k . History books will be a fantastic read of this era
#OOTT 3/ and will be a text book case for HBS on how not to run a policy shift. 5+ years of capital starvation for an industry has an effect, especially when the replacement is not all the promoters forecasted. Capital is starting to wake up and sees opportunity. E&P being
Read 5 tweets

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