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https://www.telegraph.co.uk/investin...omy-time-sell/
You just know this stock is going to rocket in 2-3 years, so do they
You just know this stock is going to rocket in 2-3 years, so do they
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Re: Hey, GRG55
I make the most money being a considered contrarian. When "everybody knows" that COVID-19 is going to hasten the "green" economy, you can be pretty certain that is the least likely outcome of the range of possibilities.Originally posted by Mega View Post
What is more likely to happen is the question, however.
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Re: Hey, GRG55
the consumption of gasoline and jet fuel is down markedly in the u.s., distillates down but not as much. at the bottom jet fuel utilization was down 80%,
with a partial recovery:
Gasoline consumption in the week ended June 12, at 7.87 million barrels per day, was still down 20.7% year-over-year, according to data reported by the EIA today. It has been about the same 20% year-over-year decline four weeks in a row
Consumption of jet fuel (kerosene type) in the US – based on jet fuel supplied, the EIA’s proxy for consumption – began to get hit in February as flights from the US to China were being cancelled. In April and May, demand for jet fuel collapsed by as much as 80% year-over-year in the two worst weeks. And in the week ended June 12, according to data released today by the EIA, consumption of jet fuel, was still down 53% from a year ago
In the week ended June 12, distillate consumption was down 12.2% from last year. It has been down for most of this year so far, but the year-over-year declines steepened in April and May. The decline, maxing out at -25%, however is pale compared to -48% during the worst week for gasoline and -80% during the worst two weeks for jet fuel.
so it seems to me that pressure to develop green alternatives has been REDUCED by the pandemic, because the pandemic has significantly reduced hydrocarbon consumption, and thus reduced co2 production. otoh, i could see various energy savings programs [better insulation for every building, e.g.] being part of a make-work infrastructure spend.
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