Trillions spent on “renewable” energy sources like wind and solar have failed to make a dent on fossil fuel consumption. And the lack of investment in fossil fuels is creating energy shortages around the world… unleashing a cash flow windfall for one of the world’s most hated commodity producers.
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Our leading indicator of inflation growth tells us the Consumer Price Index is headed even lower when the May data is released. That should support the outlook for stocks…
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Betting on perfection is a fool’s errand in any environment. It’s particularly risky today as the economy teeters on the edge of recession and a looming debt crisis. Fortunately, the bubble in AI and tech stocks is setting up a tremendous opportunity elsewhere.
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At 76, Richard Adkerson is an elder statesman of the copper industry. For two decades he has been CEO of Freeport-McMoRan, one of the world’s biggest copper producers, valued at $55bn. He has seen it all, from short-term booms and busts to the China-led supercycle, and from industry fragmentation to consolidation. Freeport itself has pioneered
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Right now, U.S. gas prices are among the lowest in the world. But as America increasingly expands its LNG export infrastructure, U.S. natural gas prices will increasingly converge with much-higher international prices. And the companies that own low-cost gas reserves today will reap a windfall.
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In many ways, the 2020s inflation scenario matches that of the 1970s.
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Sorry, snowflakes, dirty energy is never going away. Instead, technologies have been, and will continue to be, developed to make coal (and other fossil fuel energy sources) cleaner and safer.
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The tiny, gas-rich country is opulent, uptight…and weak on the rule of law. Editor’s Note: We’re turning this week’s issue of Something You Don’t Know over to Porter & Co. publisher Kim Iskyan, for a boots-on-the-ground report from the Middle Eastern country of Qatar – which is at the crossroads of the global fossil fuels
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Porter & Co. is looking for a “maniacal” distressed debt analyst… see the end of this email for details… Late last month, the Wall Street Journal passed along a “great” stock tip. It was only about a decade late. “Any stock that doubles in five years, outperforms tech giants over three years and beats more
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Twenty years ago, Souki founded and led Cheniere Energy (NYSE: LNG, $160). He built the first successful, large-scale LNG export facility in the United States. After a dispute with Carl Icahn, he left the company.
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