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Might be 'in the most hated bull market in energy stocks in U.S. history': Strategist

Posted: Tue Jul 18, 2023 9:20 am
by Cliff_N
Post on Yahoo Crude Oil Page: https://finance.yahoo.com/video/might-most-hated-bull-market-162107300.html?contentType=VIDEO

This was one of my favorites of the quotes:

"But, again, most people look and say, we're not going to need new supply in the future. They think that we need less energy. That the idea that we're going to go to a far less energy intensive future. And unless we're going to be living in log cabins with no electricity, I think that looks futile."

This goes along with Dan's "Paradigm Shift" that is underway.

Cliff

Re: Might be 'in the most hated bull market in energy stocks in U.S. history': Strategist

Posted: Tue Jul 18, 2023 1:28 pm
by dan_s
All humans are energy consumers soon after birth. Each day ~185,000 more humans are added to the Earth's population. My four grandchildren all have their own ipads.

The paradigm that we will have less energy demand in the future is about as false of a concept as it gets. People in China and India want to move toward the standard of living of living we enjoy.

BTW the tens of thousands of illegals crossing our southern border each week consume a lot more energy in America than they did where they came from.