Coal use will hit an all time high in 2022, both because of increasing use of coal in Europe, but also because of increased coal use on a global basis as Europe bid up liquefied natural gas prices. There's no amount of self-imposed carbon reductions that the Western world can implement that will offset what the developing world is going to do. And who are we to tell four to five billion people that they should not develop their own standard of living and that they should allow us to live on the top of the totem pole while they struggle and muddle through? It's simply not going to happen.
If a country can’t get natural gas to power its needs, where does it turn next?
Doomberg is an anonymous team of energy writers working on the number one financial publication on Substack. Motley Fool Senior Analyst Nick Sciple caught up with Doomberg to discuss: - Tradeoffs made during Europe’s energy crisis - A durable shift for coal demand - Countries shutting down (and investing in) nuclear energy - An energy storyline that “many analysts are underestimating”
Company mentioned: PXD
Host: Nick Sciple Guest: Doomberg Producer: Ricky Mulvey Engineer: Rick Engdahl
Learn more about your ad choices. Visit megaphone.fm/adchoices