BP is trying to buck the trend and save the Western world, but it would appear that decline is written in stone, post 2032. The WEF's accelerated green agenda that all these western politicians and CEOs are blindly following will ensure the steep decline of the West in a decade or so and ensure the East becomes economic top dog.
What I found amusing was the synchonicity of the IPOs of Deliveroo and Trust Pilot -- especially when you read the reviews of Deliveroo on Trustpilot. Now, I know you'll get a preponderance of bad reviews over good reviews, because anger trumps satisfaction any day of the week when it comes to human nature. However, Deliveroo are going to find it hard going in the coming months and years. Hope they make it.
"Appears to me like an orchestrated systematic destruction of the economy. Just don’t understand the reasoning behind it."
The W-E-F and the political marionettes under its control (EU+UK and now USA) have declared war on fossil fuels, the tourist industry, travel, entertainment and hospitality -- all the things that give people pleasure, using a virus as the perfect cover. All of the governments involved are using the WEF slogan 'Build Back Better'. That's no coincidence. Hydrocarbons are embedded into everything, so they're going to cause tidal waves of disruption if they're successul, which I don't think they will be.
There aren't that many shares to go around. The market makers have got to make a market. We're on the verge of a big commodity boom in the years ahead. Unless you want to make a few bob trading, then you really want to be hanging onto these shares and accumulating more.
The trouble is 'green' hydrogen has about a third of the energy content of natural gas, also requiring a lot of modifications all along the gas delivery infrastructure. Why would you increase costs by 2/3rds and the rest, unless the consumer/business pays for it so they can wear their green badges? Sure, costs may decrease with new developments, but the move to hydrogen seems a bit daft. Gas is already the cleanest fossil fuel.
This is going up in anticipation of the "future." By 2025, it will reach probably 20 quid a share, and that's being conservative. Between then and now, expect ups and downs. Back in 2015, if you had bought £10,000's worth of Greatland Gold for one tenth of a pence a share, it would be worth over three and a half million quid now.
A democratic President would raise capital gains tax. If Trump loses, then there will be a big sell-off this year on the S&P and Dow as punters take profits. The FTSE will follow the US's lead. You clearly don't understand what's at stake.
I understand BP's conversion and seeing the light now. They want to be an energy company first and foremost, embracing the 'new trends' and new capital lurking around the corner. And everything comes down to the cost of capital in the end. And with a new green accounting system, the world could be their oyster again.
BS. Keep wringing your hands till you draw blood. People who think that societies can magically go green overnight such as academics like Klaus Schwab of the World Economic forum infamy promise are clueless, just as Marx was . They just don't understand human nature, or the economy and how it works.
The earth and its atmosphere is far more resilient than you think. As are people. Humans have only been here for a blink of an eye in terms of the earth's existence And human activity is puny compared to the effects of Milky Way, the Sun, etc. The psycho-paths behind this Great Reset aren't doing things because they care for humanity or the earth. This is about control and restricting freedoms. They actually hate people.
The bottom isn't far off. Hydrogen is a non-starter, due to the energy returned on energy invested. EVs are the future trend, but it's just not primetime yet. Hydrocarbons will be with us for this decade anyway, plus they're used in just about everything that you can think of. As for certain commodities, prices will pick up again. The time-frame is uncertain, but I would say over the next few years, tying in with widespread shortages due to all these dumbo climate-change inspired lockdowns and general supply chain carnage.
The same exuberance that pushed it to 27p has dissolved into fear and profit taking and taken away those gains. Shares rise and fall more on anticipation than on fundamentals. However, this recent drop is not a surprise. Seen it so many times once a high hits on the AIM casino. Still a good share to have in your portfolio though. Unless you've taken advantage of the drop, you just have to learn to live with days like this if you're a noobie or a seasoned investor. Human nature is what it is.
If the oil industry wants to change the trend, it needs to leverage its power and understand there are elements using this virus and global lockdowns to bring them down. Currently, without the oilcos, there's nothing: No supply chains, no food, and especially no big US tech cartels, stifling competition.
RE: GOLD PREDICTIONS - RBC SAY $3,060 by MARCH 202105 Aug 2020 21:50
We've got a commodities boom on the horizon, with copper and gold prices pushing upwards up to 2024 at least, according to a well-known forecaster, so these are interesting times to be in commodity shares, even those not in production currently, and especially those with tier one assets.
RE: Price of Gold and Where Is It Going27 Jul 2020 15:50
As long as confidence in governments continues to dissipate in the west, gold will continue its ascent. Yes, there will be ups and downs, but my guess is that by 2024/25, physical gold prices will be £4000+, a commodities boom also buoying up the price.