Apr. 25 at 11:36 AM
$XOP $EGY $XLE $COPX $GSM
Equinor and Shell own the Rosebank and Jackdaw oil and gas fields in the North Sea.
It mentioned that even if they come online, they will do nothing to offset the damage that’s been done.
Birol mentions that nuclear and renewables are clearly the path to become less oil/gas dependent.
The issue, we don’t have enough resources above ground for this to take place anytime soon.
Oil/gas offer the combustion the world needs.
It’s going to take 20-30 more years to transition away from fossil fuels.
I personally see natural gas remaining prominent for decades to come.
All of that to say, I’m going to continue to remain overweight commodities.
Miners/Oil/Gas/Energy
Nothing exists without it. Especially technology.
I still see WTI-Brent moving to
$300+ in the future.
Start saving money, you’re going to need it.
https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol
