My big question with the energy transition has always been: where’s the baseload going to come from?We want to get rid of oil. Okay. Around 80% of a barrel of oil is used in transportation. If we electrify everything – EVERYTHING – you get rid of a lot of oil demand.But now you need a whole bunch more electricity. It can’t come…
The market is flying. Meme stocks are back. It is good times again. But I have not been a big buyer.Instead, I have taken the opportunity to reduce my positions – particularly in oil – and…