Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields. “There’s just a lot of oil being left in the ground,” Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. “Fracking’s been around for a really long time,
I’m pondering just how little EVs will offset oil demand in even the most bullish scenario over the next few years. Consider EVs only make up ~1.8% of the global fleet currently (26m EVS / 1.44B ICE), and passenger vehicles, in turn, only make up 27% of oil demand. EVs hit 10% of global sales
[A] few months back, I was on a panel with several other investors and the topic of uranium came up. Oddly, these investors were quite dismissive of uranium. I’m paraphrasing but this was the general tone, “But Kuppy, we all heard this uranium story 5 or 7 years ago. There are guys on twitter who’ve
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Investors look set to pile into the copper market on an unprecedented scale in the next few years as usage surges in electric vehicles and renewable energy, according to Citigroup Inc. The key industrial metal is widely known as a proxy for global economic activity, and prices have slumped in recent months on weakening demand
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“Doctor Copper” has long been held in high repute as an economic expert, and this week’s chart looks under the surface of what copper prices themselves are doing to see an interesting additional insight. The comparison in this chart involves the Institute for Supply Management’s index known as PMI, which used to stand for Purchasing