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The amount of water vapor the atmosphere can hold is dependent on temperature. Under normal conditions, most of the heat emitted from Earth’s surface in the form of long wave radiation goes into the atmosphere and out into space. However, the presence of increased greenhouse gases traps more long-wave radiation, which means there is more energy in the atmosphere to warm the Earth’s surface.
https://iedro.org/articles/water-vapor-and-global-warming/
Water vapour may act as an amplifier to the effect of other greenhouse gases, so logically if the amount of those gases is reduced (by using hydrogen rather than a fossil fuel) that amplification effect will be reduced
FUN FACT is WRONG.....
https://www.treehugger.com/the-largest-oil-spills-in-history-4863988
EV's are an interim solution to HYDROGEN power.
Posts on social media suggest electric cars do not help lower climate-changing emissions because people rely on coal power to charge them. This is misleading; data shows that they still produce fewer emissions over their lifespan than gasoline-powered vehicles, even in regions where coal is burned to produce electricity for the grid.
https://factcheck.afp.com/doc.afp.com.9ZD7BV
A Western recession reduces oil/gas demands.
Europe is moving to coal. re-commissioning old power stations.
LNG is massively increasing with EU/USA deals recently announced while existing European LNG terminals are to be enlarged to reflect increasing demand.
Not forgetting the 90 day storage gas capacity of Europe in an emergency
Europe is fighting back as Russian gas supplies could be used as a sanction against the West
But PUKIN does need the Billions to sustain his War.
There is a technical indicator that denotes when the transition from a bull market to a bear market has occurred. For copper, that took place on 8 June, when its 50-day short-term moving average price crossed from above to below its 200-day long-term moving average. Not everyone is an advocate of technical analysis, but in this case it certainly chimes with market fundamentals, at least in the near term. What’s more, copper isn’t an outlier; net-long positions for a range of industrial commodities have withered to a two-year low.
We can surmise, therefore, that there must be a speculative element in copper’s recent price weakness, particularly given that the purchasing managers' index (PMI) for China's manufacturing sector rebounded into expansionary territory in June. China is the leading importer of copper ore, but the country’s economic recovery has been hobbled by Beijing’s insistence on eradicating the Covid-19 virus altogether, a noble if somewhat unrealistic aim. At any rate, any pick-up in Chinese orders would probably fail to compensate for the aggregate fall in industrial demand in western economies.
Although speculative short positions will remain in evidence for the foreseeable future, the market fundamentals for the metal over the long haul remain highly favourable. At Antofagasta’s (ANTO) recent annual meeting, its chairman, Jean-Paul Luksic, reiterated the view that “copper has a vital role to play in helping countries, cities and companies to decarbonise”, although he went on to point out that “the effect of grade decline and depletions will lead to a growing supply gap”.
That’s the long-term price dynamic in a nutshell. It also suggests that copper miners will be on the hook for increased capital allocations if persistent supply deficits are to be avoided, along with the negative implications for the journey to net zero. Rystad Energy projects that demand for the metal will increase by 16 per cent through to the end of the decade, meaning that global demand will outstrip supply by more than 6mn tonnes by 2030. Last year, global production came in at around 21mn tonnes. Leaving aside the vagaries of operational issues and intensifying capital demand, the pricing outlook for Antofagasta and industry peers is set fair despite current weakness.
Tail end of long IC article released online today