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1984. I was with you all the way on money supply till your last line. Without green schemes we've got nothing to fall back on for when we burn through our coal, gas and oil legacy. 11 Billion people on planet earth by 2050. NET energy will be falling long before that.
The watering down of Britain's net zero commitment is an admission that we won't have enough electricity supply to electrify transport and heating under the original timetable. The obvious alternative to pushing back our net zero pledges is to bring forward our pledges to SMR electricity production.
Buy when others are fearful, Sell when others are euphoric. Never believe anyone who has to work for a living when they tell you the secrets to getting rich. Don't believe brokers that tell you that you need a diversified portfolio - they have no choice to advise this. Instead choose one stock that is vastly undervalued and wait. BP or RR during the pandemic lows for example. Property when interest rates were 15% in the 90's is another example. Maybe Guilts now as they have taken a hammering lately. Get a recession, interest rates go down to near zero again, boom, lock in high yields now and watch as Guilts prices double.
Nuclear energy is not a renewable energy source as it requires Uranium which is finite. If the whole World were to build nuclear reactors we would run out of Uranium in about the same time as we run out of gas and oil, namely before the end of this Century. Other energy sources such as from Thorium or by nuclear fusion have never been successfully demonstrated and probably never will. Even our so called "renewables" like solar and wind require huge amounts of fossil energy in their manufacture, maintenance and distribution so that they are unlikely to be renewed once we run out of gas, oil, coal and uranium.
Good for you Metom. You need to do a sport too while you go travelling. I'm 61 and been climbing round the world for the last 40 years. While not climbing I road bike and just started paragliding. Health and having enough money to do what you want are two of the most important things in life plus having someone else to share it with. I wish I was 32 again.
200k @ £1 in an ISA wrapper. Everyone has repeatedly told me I was/am mad to be all in, in one company. See where RR goes. Rational: it's a recovery stock - we are recovering, Britain needs nuclear if we want to go net zero and electrify everything - RR is at the forefront of this. Eventually I'll cash in to buy Gilts - hopefully at the top of the inflation/interest cycle to ride the Gilt prices up.
There are certain buzz words that inflate share prices in companies. Words like blockchain, AI, Cloud etc. SMR could become one them. Basically the electrification of everything will require nuclear energy. I see RR teaming up with another company or Nation with deep pockets in the future to exploit RR proven expertise and experience in the field. Tesla for example might want to get involved - they either go from zero or buy into RR for a head start. Saudi Arabia might want to do the same thing. I'm not saying this is going to happen but just an example of the sort of things that may happen.
Russia controls about a third of the World's natural resources. They also have a first rate education system so in theory can produce anything they want plus use cheap labor in China and India for anything else. Resources, especially energy resources are king, everything else is finanial trickery.
Https://www.statista.com/chart/24599/passenger-screenings-at-us-airports/
BP do a review on global energy supply. In their last one they estimated that the World has 60 more years of oil and gas left and 120 more years of coal left at CURRENT consumption levels. Sure, more resources will be found but at the same time the World's population will grow from the current 8 billion to 10 to 11 billion. The age of the private motor car will end, and end sooner than most people think. We need Nuclear - that's why I'm a LTH of RR stock.