- The economic rebound after Covid lockdowns have lifted will boost consumer demand.
- Lower investment by miners and drillers has constrained fossil fuel production.
- The hyped ESG Investing idea and compliance requirements pushed the world to overestimate how much they can reply on renewal energy and underinvest in energy infrastructures.
If you follow my blog, you know I was bullish about the energy sector since a few months back when everybody’s focus was on technology stocks and bitcoins. I also reiterated my conviction in my August “Ivan’s reflection”. My thesis was simple: