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Here’s Why Magazine Covers Reveal the “Market Zeitgeist”… What Investors Should Do Instead..

Here’s Why Magazine Covers Reveal the “Market Zeitgeist”… What Investors Should Do Instead..

Magazine Covers

Too many times in the past have I seen covers like this… and a few years later it didn’t turn out too bullish!

We covered magazine covers before as a great way to gauge “market zeitgeist.” It will be a while before we see offshore oil and gas, coal, or uranium hailed as a worthwhile investment on these covers. And when it happens, that’s when you’ll know it might be a good time to offload our positions. In other words, there’s still a lot of upside available in the hated sectors we focus on here at Insider.

Offshore Juice

Coming back to the offshore oil and gas theme…

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding an estimated 14 billion barrels of oil equivalent (boe) of resources.

That’s the estimate in Wood Mackenzie’s latest analysis of upstream oil and gas projects expected to reach final investment decisions (FIDs) in 2024.

And who stands to gain by all this spend? Oil and gas service companies — still the world’s worst performing sector over the last 10 years and still down some 80% from the start of 2012.

Philadelphia Oil and Gas Equipment and Services Index relative to S&P 500 indexed

Australia: Lights Out or Diesel?

This is Hegelian dialectic (an interpretive method in which the contradiction between a proposition and its antithesis is resolved at a higher level of truth) at play in the land down under.

Let the lights go out (let our standard of living go backwards) or burn diesel (maintain our standard of living)? You guessed it…

…click on the above link to read the rest of the article…

 

It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For

It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For

Saving the Planet
Don’t tell Greta, but the hits keep coming for wind projects…

For perspective, $4 billion equals about 28 billion DKK. Orsted’s equity is 76 billion DKK, so that $4 billion hit is equivalent to some 37% of its market cap. How the hell did they get it that wrong? Perhaps we can just put it down to delusional expectations that pervaded in the wind industry and still pervade today.

Remember: your energy bills have skyrocketed in order to subsidise bird-killing wind turbines that don’t work. You may think it’s just silly and those pushing this agenda are simply delusional, but this is actually part of the Net Zero agenda to deliberately deindustrialise (and thereby impoverish) the West, while China and other countries unashamedly continue to capitalise on the huge economic prosperity afforded by the use of fossil fuels.

None of this has anything to do with saving the planet, and everything to do with demolishing our standard of living, demolishing our economic prosperity and transforming the former middle class into a neo-feudal peasant class.

  • From Wall Street Silver: “Net Zero was never viable. It is impossible to completely remove CO2 from our energy needs and overall economy. Politicians are just now beginning to realize that. Just about every modern technology requires oil, natural gas and/or coal in order to function. Many of the metals required need to be mined and new deposits are often remote with no access to the electric grid.”
  • Then there’s this from The Travelling Scientist: “The Paris accord interestingly promotes “non-fossil biocarbon-based” CO2 sources as being okay and counts towards net zero… so cutting trees and burning wood is no problem to the regulators, and becoming ever more popular to meet regulations companies are even patting themselves on their backs in their quarterly reports for doing so.”

…click on the above link to read the rest…

Here’s Why Our Monetary System is a Giant Ponzi Scheme

Here’s Why Our Monetary System is a Giant Ponzi Scheme

Monetary System

Ponzi schemes keep going until the perpetrator is stopped from the outside. They never stop by of their own volition. Bernie Madoff kept going until it all blew up.

In the year 2000 the Nasdaq composite exceeded a P/E of 200 before collapsing 78% by October 2002. The more successful a Ponzi the more egregious the bubble and resultant pain. The granddaddy of Ponzi — far greater than anything we’ve seen before — is our monetary system.

Let’s consider what money is. It is a technology that allows us to produce and consume not just in the present but across time.

It is, for this reason, that it needs to provide both a medium of exchange as well as a store of value. If for example a transaction needs to be made over a crop cycle then the value of the money needs to remain sufficiently stable over that time frame to allow the participants to make an exchange and not come out underwater. This benefits neither party to the transaction because, while in the short term party A may get an excellent deal from party B, if the deal is so “excellent” as to bankrupt party B, then no future commerce will be done and overall production declines causing less supply and a fall in the overall standard of living.

The money needs to be useful to both parties. In prisons they use cigarettes. Even if you don’t smoke enough inmates do and the cigarettes don’t change (consistency) and so they form a money.

Of course, over time we’ve used all sorts of things used as money: gold, silver, copper, even slaves. At primary school I used to use marbles and Garbage Pail Kids (ah, those were the days).

…click on the above link to read the rest of the article…

Here’s How the Energy Crisis Turns Into Hunger and Then… War?

Here’s How the Energy Crisis Turns Into Hunger and Then… War?

Energy

We have previously warned about a whopping food crisis and supply problems in the fertilizer market. Well, now is worse because that was BEFORE we had the natural gas crisis. Why is that important?

Natural gas is THE critical input into making fertilizer. Urea is essentially ammonia in solid state, the process of which entails reacting ammonia with CO2. And we all now know — thanks to the climate nazis — that CO2 is currently the devil. The problem of course is that with no natural gas there is no urea, and with no urea there is no fertilizer. And with no fertilizer… well, we will eat each other.

Here are the spot urea prices.

Something else that we had noted some time back (in Korea) but which now seems like a larger problem.

Here is an article about an Australian farmer who warns the urea supply crisis could halt normal life within weeks.

Here’s what he says:

‘Not only will we not be able to grow cattle and we will not be able to grow food and we will not be able to grow grain or anything like that, but even if we could, we can’t move it, because we can’t turn a wheel in a truck because we have no Adblue,’ [AdBlue is needed for diesel vehicles — half of all trucks on Australian roads run on diesel

As of February we might not have a truck on the road in Australia, we might not have a train on the tracks.

‘So quite literally the whole country comes to a standstill as of February.’

The farmer then, goes on to say:

…click on the above link to read the rest of the article…

Net Zero by 2050? Here’s What It Takes To Get It

Net Zero by 2050? Here’s What It Takes To Get It

Net Zero by 2050

Here is what a reasonably objective study from the Geological Survey of Finland concludes on just how much more electricity generation will be required to retire natural gas and coal…

The answer: a stink load!

But you need batteries to provide power when the sun isn’t shining and the wind isn’t blowing. Here is an indication of just how much materials would be required to produce all these batteries:

We won’t hold these estimates against the author as there are a number of variables involved. But you get the basic point: there aren’t enough materials on the planet to achieve this dream. It’s a grand absurd delusion!

We wouldn’t worry about natural gas and coal being phased out just yet.

The Net Zero is Just Plain Virtue Signaling.

What is virtue signaling? A form of moral grandstanding in which a viewpoint or answer is calculated to “look good,” thereby making the object or speaker appear virtuous to others, rather than being chosen because it is strictly honest.

The 2050 net zero narrative is virtue signaling in its purest sense. Here is a small excerpt from Kopernik Global Investors’ recent report:

“It seems like virtually everyone from cities to countries to corporations is setting targets to reach “net-zero” emissions. Over 3,000 companies and countries representing 89% of global emissions have “committed” to reaching net-zero.

We put the word “committed” in quotes because that commitment can mean very different things to different people. Even the United Arab Emirates recently declared a net-zero pledge for the year 2050, but not before they increase oil and gas production by 20% first. Let me be green…but not yet.

…click on the above link to read the rest of the article…

Investing For The Greenwash Bubble

Update: Ironically, this post has been censored by Facebook and other social media co’s, despite it containing no factual errors.

Greenwashing, in case you don’t know, is the “disinformation disseminated by an organization so as to present an environmentally responsible public image”.

You know, this sort of thing:

This is taken from the time of the now infamous Volkswagen emissions cheating scandal. Since then, other large car companies have faced similar controversy — jumping on the green band wagon. It’s because these days, it pays to be “green” (for more information, see Elon Musk).

But here’s the thing that otherwise intelligent people seem to fail to comprehend: Greenwashing extends way beyond false advertising in consumer goods. It’s made its way into politics, investment products, journalism, and now mainstream opinion in “the West”.

Greenwashing is actually now the norm, which we’re now going to get into after I fire off an early warning trigger alert:

This warning is if you’re a current believer in the generic clean energy revolution. You know the one — it goes something like this: Unless we “decarbonize” and move from fossil fuels to so called “clean” energy, within the next decade or so the world suffers irreversible and catastrophic changes that will:

  • Lead to increasingly warmer temperatures
  • Kill off swathes of wildlife, causing mass extinctions
  • Cause untold starvation and hardship for us bipeds
  • Increase inequality
  • And so on…

Well, today we’re dissecting this popular narrative that has virtuous intentions, but — like many things our governments have been mandating these days — are doomed to fail and actually make things worse than if nothing was done at all.

“That’s a little hyperbolic,” I hear you say.

Well, let’s see…

Here are some cold, hard facts, regardless of how controversial they might seem by today’s standards.:

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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