Right on. We’re going to need to maintain/increase oil and gas investment because demand will continue to increase (economic growth and AI), there isn’t and won’t be a transition any time on the horizon, and nuclear is going to take plenty of time to build out.
And Urs, the longer the investment and drilling programs wait, the pricing elasticity will snap like a rubber band until supply is met, and prices come back down. The old concept of supply and demand is a real phenomenon; it's no longer taught in schools. The UAE stated yesterday that there is a significant demand, and we are only now seeing the UK and EU oil companies starting to return to basics. Your point about nuclear is spot on. I am interviewing Jay Yu, Founder of Nano Nuclear, and talking about how the Big Beautiful Bill can impact them.
Well, the law of supply and demand, like the laws of physics and thermodynamics, are laws, and not suggestions. Countries, particularly in the EU, should start electing people who understand fundamentals. We just lived through four years of being “led” by naive, child-like adults who believe they can make decisions based on the way they want the world to be, rather than it is.
Right on. We’re going to need to maintain/increase oil and gas investment because demand will continue to increase (economic growth and AI), there isn’t and won’t be a transition any time on the horizon, and nuclear is going to take plenty of time to build out.
Also - this morning I posted https://energynewsbeat.co/uae-says-oil-market-needs-more-oil-with-healthy-demand/ It is clearly apparent that OPEC+ is missing the capacity to pump more oil, and the UAE minister said that the world demand is healthy. There are numerous signs that the Oil Bulls will be around for a while.
Oh, and Urs, check out DRW this morning -This was a great article on the OPEC+ and supply of the US shale.
https://hottakeoftheday.substack.com/p/the-saudi-mirage-why-oil-is-going?utm_source=post-email-title&publication_id=242212&post_id=167903475&utm_campaign=email-post-title&isFreemail=true&r=u3vb3&triedRedirect=true&utm_medium=email
And Urs, the longer the investment and drilling programs wait, the pricing elasticity will snap like a rubber band until supply is met, and prices come back down. The old concept of supply and demand is a real phenomenon; it's no longer taught in schools. The UAE stated yesterday that there is a significant demand, and we are only now seeing the UK and EU oil companies starting to return to basics. Your point about nuclear is spot on. I am interviewing Jay Yu, Founder of Nano Nuclear, and talking about how the Big Beautiful Bill can impact them.
Well, the law of supply and demand, like the laws of physics and thermodynamics, are laws, and not suggestions. Countries, particularly in the EU, should start electing people who understand fundamentals. We just lived through four years of being “led” by naive, child-like adults who believe they can make decisions based on the way they want the world to be, rather than it is.