Energy
CapEx Team

WHERE’S IT GONNA COME FROM?

Stop staring at your gains from the energy stocks for a second here. Take a seat in a nice quiet place and ask yourself this one really simple question: if oil demand continues to grow at ~1 million b/d for the next 8-10 years, where is the oil supply coming from to meet it? Rystad Energy, along with many others, including my friend Tracy Shuchart as well as the work of Josh Young over at Bison, show that US oil

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insurers vs big pharma
Insider
CapEx Team

Insurers VS Pharma

“Fascism should more properly be called corporatism since it is the merger of the state and corporate power.” – Benito Mussolini Let’s go through insurers. This is important because it provides us with some means to understand a potential road map of how we’re likely to see all of this play out over the decade. It is going to sound outrageous and there may be some of you who call me a conspiracy theorist, anti-this, that or the other thing, but

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backfiring
Bitcoin
CapEx Team

Backfiring

GiveSendGo CEO Sends Gateway Pundit Exclusive Statement: Fundraising Platform Sees MASSIVE Surge in Traffic and One Million in Donations to Canadian Truckers in 12 Hours! – Relentless DDOS Bot Attacks But it didn’t end there: Trudeau vows to freeze anti-mandate protesters’ bank accounts – BBC News The gloves are now truly off, and any pretense that this is about a virus or anyone’s health can only realistically be held by the most unfortunate among us. The braindead. This brings up

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OWTW
CapEx Team

Cues from the Super Bowl – OWTW

We argued before in these missives that magazine covers are one of the best contrarian indicators out there. This time around, we take our cues from last weekend’s Super Bowl, namely the myriad of crypto ads. The fact that it was called “the Crypto Bowl” in the popular press speaks for itself. On the flip side, how many commercials were there for oil and gas companies (hint: it rhymes with “hero”)?   THE POWER OF DISCIPLINE “Discipline is the bridge between

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ammonium nitrate
Agriculture
CapEx Team

Two-thirds of what?

Russia produces roughly two-thirds of the world’s ammonia nitrate. Russia introduces export ban on ammonium nitrate for two months — government – Business & Economy – TASS Russia imposed a ban on ammonium nitrate export for two months, until April 2, the government’s press service said on Tuesday. “The two-month ban on ammonium nitrate export comes into force from February 2. The relevant decree of the government was signed,” the press service said. “This is a temporary measure. The remaining

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Climate Change
CapEx Team

NOT GOING AWAY

Not a week goes by without some suit being trotted out on CNBC, MSN, or some such propaganda outlet to most earnestly — with furrowed brow and stern expression — explain to us that yes, the end of fossil fuels is now here. Not coming, not a future inevitably, but actually here. We are told that “we” (meaning you and I) must however act NOW, and a select bunch of jet-setting billionaires with unusual “interests” in underage girls actually have

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electric vehicles, EVs, wind turbines
Climate Change
CapEx Team

GIRD YOURSELF FOR THE GRID

Here’s a fun EV fact. To match the 2,000 cars that a typical filling station can service in 12 hours, an EV charging station requires 600 50-kW chargers at an estimated cost of $24 million and a supply of 30 megawatts of power from the grid. For. Each. Filling. Station. In. America. But we’re going to have full EVs within 10 years. Sticking with stupid… This time, it’s wind💨. Vestas warns of further turbulence for wind turbine makers | Financial

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different currency
Currency
CapEx Team

Holding Different Currency

We’ve got our fair share of risk at the moment. More than our fair share, really. In private conversations with Glenorchy Capital clients, one topic that often comes up is how to manage currency and banking risks. Say, for example, you’re banking in Germany, and you’re worried about the euro (as you well should be). Now, you say to yourself, “Well, that’s fine. I’ll open a foreign currency account with my bank and shift some cash into USD.” Or maybe some rubles,

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