Watch this to get better understanding of global energy market

[dan_s]

Watch the 32 minute interview: https://www.youtube.com/watch?v=F1p2iPaE6NA

Key points for us:
1. Iran closing the Strait of Hormus was never a risk. If they tried to close it, the military response would be swift.
2. The fundamentals point to WTI oil price over $70/bbl. OPEC+ increasing quotas (much lower actual oil supply increase) is because they see oil demand increasing in 2026. < Upstream U.S. and Canadian upstream companies can be very profitable if WTI moves over $70 and natural gas settles in at more than $4.00.
3. Global energy demand growth is accelerating, and renewables cannot fill the gap.
4. Promotion of the Peak Demand for Fossil Fuels Theory was a scam to support the Green New Deal scam. Have you noticed that the Democrats don't bring up the subject anymore?
5. EVs impact on oil demand was and continues be grossly overstated. The number of EVs in China is probably grossly overstated.
6. LNG is really the only primary energy source that can fill the energy supply gap. Yes, nuclear energy is important but it takes too long.
7. The "Deep State" (where the Democrats and Republicans agree) supports U.S. LNG export growth, primarily because it is very important to the U.S. trade balance. This is the reason I believe the outlook for North American natural gas prices is bright.
8. Iran is very important to the global energy supply, which in my opinion is the real reason there needs to be regime change. China knows this too. It is the reason that China is not going to support the Supreme Leader. They know he is a Nut Job that needs to go.
9. Russia is also important. Interesting comments on how Russia is getting around the sanctions.
10. China needs a lot of energy and will remain a significant influence on global energy demand.

Bottomline: Demand for Fossil Fuels is not going down anytime soon.