Since the financial crisis of 2008 we have had a bear market in fossil fuels and a bull market in almost everything else, based on cheap money, inexpensive energy, and free trade, all of which are now in the rear-view mirror. Investors lost interest in energy: cast out by the high priests of ESG into the financial wilderness, to live out the remainder of its days in penitence for its sins. Like the Israelites emerging from Sinai, with oil now back over $100 per barrel, fossil fuels are now being…
‘Why fossil fuels will be the trade of the next decade’
07 Mar 2022
Posted by Barry Norris