Real Problem14 Apr 2021 13:29
The real problem here at the moment is volume. So far today there have been 159 trades. That is nothing. There is a demand for oil but the politics and the potential unrest coupled with the Greta and climate change activists is stopping many people from investing. 24% drop in a moth in the sp is the result. I think the world needs to move on from fossil fuels but there will still be a demand for oil for many years yet. I witnessed the roads yesterday and they were bumper to bumper. What is striking though is the lack of VLCC's arriving at Felixstowe. There berths for the biggies are dormant. The Ever Given getting stuck and the one billion fine to release the ship has sent the whole supply chain into chaos.. I shall hold my shares here but think I shall in the future avoid energy companies....I am not negative but the constant time needed to watch volitile shares in the Summer is not what like is about..