Plus, an old friend comes to visit, Big Oil reports record profits and plenty more...
Without a massive change in population or technology, oil & gas will continue to run the world's energy needs, with supplemental help from the "other" sources.
As for Porter, I shed no tears on his selling of Stansberry Research. I'm sure he made plenty of money and now has started his new service to re-make his old service. I have no problem with that, in fact I subscribed to his new service. The craw stuck in my throat is that he's big on selling "lifetime" subscriptions, but it is only the subscriber that is there for a lifetime. Porter and the other authors who do the same, can hire a replacement and move on without you. Something seems wrong about this strategy to me...
When the government mandated COVID-19 plandemic lock-downs made the whole world grind to a halt, the demand shock caused oil prices to temporarily drop to $0 per barrel. As a result of this asinine mandate the oil companies reported historic combined losses of $79.9 billion in 2020. Funny how the economically illiterate, virtue signaling, Woketards advocating an excess profits tax on oil companies never even mention this little bit of recent history. No shortage of laughs in this era of Peak Stupidity :-)
The trade of the decade is a perfect fundamentally shrouded hypothesis based on surmounting evidence. The gas and oil global dependency and consumption quantitatively indicates a positive trajectory for the next 100 years based on the factual increase in the global population and economic financial sectors of segmented world populace.
Coupled with simplistic research data provided by Professor Bessembimder, anyone invested in Exxon Mobile Corp for the next 20 years can comfortable retire with money to boot!
The black gold of humanity is oil, the yellow gold is the cream for the rich, and a few “wanna be” middle class spectators. 😂
Both oil and gold will outlive everyone, until they both rest motionless on the earth’s surfaces. The black gold will always outweigh yellow gold in the form of consumption, but yellow will always look prettier around your neck. 😂
As the crow flies, the sands of time trickle down the hour glass. The eternal mind seeks placement outside the vessel, to wander and float amid the nebula of gas and matter. The nano particles cannot be define, for the eternal question of “what’s that?” overtakes the hierarchy of consciousness. Hahaha!
No friends like old friends usually.....thru heartbreaks and triumphs, the friendships or memories of those friendships still remain! As Willie Nelson reminds us "Sweet Memories".
‘’Mobjority’’ Joel. Misspelling perfection. Worthy of at least two glasses of Malbec. Glad Bill and Porter are yakking together, it could be beneficial for navigating BIzarro World. Dave.
Global population increase? Much of the world's producing countries seem to have reproduction rates below that which will sustain their current population. Time will tell whether today's "excess deaths" (Covid treatment linked?) will continue to erode vulnerable populations. These trends take generations to reverse. Nature continues to dominate. It will not succumb to man's misdirected attempts to override. Beware of AI...especially the nearby, predicted Singularity.
Bill, GREAT article about your real life without all the hidden sarcasm or innuendo..contrarian views are fine but sometimes just telling it like it is makes for better comprehension and appreciation! well done on this one and please keep it going for this most wonderful year of our lives!
So far your trades of the decade have been doing just fine, oil doesn’t look like it’s going to buck that trend
Good old Richard must have been in the RAF because as I recall (reading) the British had an easier job, bombing at night and the Yankees in the daytime. As for the numbers: "by 1999, 33 years later, and the 'final' maximum didn't appear until 2021 - 55 years later." 2021-1999=22 The number of years between peaks is decreasing. No wonder, because everything is getting faster in our spaceship Earth.
Before I was a BPR subscriber - I tried to guess the TOTD. I went with XLE. It’s done slightly better than the TOTD and pays a 3.6% dividend. Holding.
I feel like I am late to the Trade of the Decade. Anyone else starting a position now at these levels?