JPMorgan says the coming energy crisis may be worse than what Europe experienced - lifts global energy stocks rating to overweight

JPMorgan lifts global energy stocks rating to overweight

The analysts do not share the peak demand fears, at least on its investment horizon that runs through 2030, saying the clean energy system is not mature enough to capture and distribute to end customers. “As a result, this places greater pressure on traditional fuels to fill the gap and meet rising EM-led demand growth. However, without increasing oil and gas capex, we risk energy deficits and acute inflation across the commodities complex.”

“This may lead to multiple oil-led energy crises in this decade, potentially much more severe than the gas crisis seen in Europe in 2022. Moreover, it serves to position OPEC firmly at the steering wheel of the global oil market, to take greater share of demand growth, while helping mitigate sharp price moves in either direction.”

One interesting note is that the analysts do not find oil prices in the $100-to-$120 range to be demand destructive, as it would still imply oil’s share of the world economy below 4%.

Weblink for full article:

https://www.marketwatch.com/story/jpmorgan-says-there-may-be-many-o...

 

 

While Barely Anyone Was Watching, Leaders at the UN Made a 7 Year Agreement to Implement a Single Global Agenda
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The climate change agenda has NOTHING to do with the climate & everything to do with letting China catch up to the U.S

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China Says Fossil Fuel Phase-Out Is Unrealistic

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Green Bubble Burst: US ESG Fund Closures In 2023 Surpass Total Of Previous Three Years

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British PM Rolls Back Multiple Environmental Policies in ‘Pragmatic’ Move That Leaves Climate Alarmists Fuming – Worries About Financial Impact on Families

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Who is Hansjörg Wyss, the Billionaire Swiss National Bankrolling Progressive Media and Politics in Maine?

https://www.themainewire.com/2023/09/who-is-hansjorg-wyss-the-swiss...

This is an Orange

https://www.youtube.com/watch?v=qf_aMyy8aSQ

 

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CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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