Club Mulgoa

Wednesday, April 10, 2019

Energy stocks

If logic applies in the short term, I would be a far richer man.

The price of oil is rising because of the civil war in Libya.  Yet the two oil majors in Australia, OSH and WPL, have not been sought by investors.  And it rose again last night.

While EV is the in-thing with politicians, the truth is far more conservative.  People will only switch when there is a critical volume and the infrastructure is there for re-charging an EV.  And of course, the cost of buying and running it has to be lower.  Caring for environment?  No, caring for the hip pocket.

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