RE: We’ll get there!!!30 Jun 2022 16:14
Barchart Brief today
HYDROGEN BOOM COMING SOON: Throughout the 1900s, investors made fortunes on oil. Shell, Chevron, and others all created billion-dollar empires as oil became the modern economy’s centerpiece. But right now, they’re betting BIG on Hydrogen to replace crude oil as the future of energy.
Hydrogen has been touted as a viable clean energy source since the 1970s. Yet, since then, its power still hasn’t been harnessed. But with the Ukraine war disrupting the global supply chain, Hydrogen is about to have its moment.
Russia’s invasion of Ukraine has sent oil and natural gas prices to the moon. And while solar and wind would make great alternatives, both have severe limitations in terms of capacity and efficiency. Thanks to technological breakthroughs and falling renewable energy costs, Hydrogen can now be produced on a global scale from renewable energy sources cost-effectively, without reliance on natural gas. Even more astonishing, Hydrogen can be produced via electrolysis at giant factories and pumped into existing pipelines to arrive at fuel pumps and homes.
Why is Hydrogen the answer to this energy crisis? Well, unlike fossil fuels, solar or wind, Hydrogen is the lightest element in the universe and is infinitely more available (and dense) than a power source made with anything else.
So long as there’s water – two hydrogen atoms and one oxygen atom – there’ll always be hydrogen power. By the way, over 70% of Earth is covered in water.
This explains why Germany is considering using Hydrogen-powered trains in its capital region … and why major oil players are betting BIG on Hydrogen as the future of energy. BP, for example, is leading a $36 billion green hydrogen project in Australia. Total Energies is in on a $50 billion “green hydrogen” venture, and Shell will be spending around $22 billion every year to produce hydrogen.
All this to say, Hydrogen could be the “next big thing” in energy, and investors well-prepared could see substantial gains as this new trend takes flight.
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