Actionable Intelligence Alert

Francis Menton is a retired attorney and long-time resident of New York City.    I found his blog "Manhattan Contrarian" a while back and really enjoy reading his views on a wide range of subjects including; poverty, energy policy, the environment, critical race theory, income inequality, and even Trump.   He writes new articles a few times a week and I have not read one yet that was not interesting or that I did not learn something new.  I asked him to come and he agreed. We had a wide-ranging discussion about NYC politics, schools, energy policy, China, CRT, and of course some Trump.    I hope you will check out his writing at:  https://www.manhattancontrarian.com/

Years of underinvestment in new reserves and production is going to lead to an energy crisis in the near future. Tremendous amounts of money will be made by those who understand what is happening vis-a-vis energy especially oil and gas.

China controls between 71% and 97% of the solar power supply chain.  The alleged efficiency gains that have been reported and are being counted on for the energy transition are no alleged to be based on nefarious factors.  I remain convinced that any transition to the energy paradigm of wind and solar is destined to disappoint.    This will lead to a huge bullmarket in fossil fuel and nuclear-based power sources.

Trust in all our institutions; the press, government, education, corporations, etc.. is at an all-time low.  This is for good reason in my view. We are constantly lied to, deceived, and manipulated by unscrupulous actors bent on wealth and power.   In order to cut through the BS and be successful in the markets one has to think critically and take responsibility for making informed decisions. Following the crowd over the ledge into the sea is not a recipe for long-term success in the markets or in life.

www.actionableintelligencealert.com   Exxon had two board seats go to activists this week. Their goal? Comply with climate change goals.    Shell lost a court case in a Dutch court and must lower emissions by 45% by 2030.   Chevron shareholders voted to have management detail how the company will meet climate goals.  All of this will lead to less supply of oil. If demand stays constant or rises which is likely we are heading for higher oil prices.   I detail how to take advantage of this news.  There is one cohort of oil companies that are focused on producing oil and focus on that. Do you know who they are?

California regulators issued direction to utilities in the state that they would need to replace 11,500 MW of electric supply currently provided by nuclear and natural gas-fired generating stations with zero-carbon sources.  There is no power source that is zero carbon. The stupidity burns.   This will not change until standards of living get wrecked and people rise up and throw these fools out.

Commodity and resource markets are booming.  Monetary policy and reflation are supportive of continued gains. Supply will also have a hard time catching up as underinvestment begins to bite.  Are we seeing a repeat of the 1970's monetary and inflationary policies which led to a tremendous boom in resource markets?

www.actionableintelligencealert.com   The jobs report was weak this week as more and more businesses are complaining that they are having a hard time attracting employees back to work.  It seems that sitting at home and collecting all the government pandemic relief benefits is more lucrative.    Charlie Munger said, "Show me the incentives and I will tell you the outcome"

This week Sprott Asset Management announced they cut a deal with Uranium Participation Corp. to convert UPC in the Sprott Uranium Trust which will trade in both the US and Canada.  This will allow money to flow directly into the purchase of uranium and potentially cause the discovery of how deep the actual spot market is for uranium.    This could be the biggest catalyst yet for the baby bull market in uranium and uranium shares.

Earth Day was this past week. It has been 50 years of cataclysmic climate predictions that have curiously never come true. Yet, the same conmen and grifters are allowed to continue to talk non-sense while asking for more of your money and for you to sacrifice more of your liberties.   In the meantime, China, India, and other developing countries continue to build and operate more coal, natural gas, and nuclear plants. Who will end up more prosperous and powerful after this plays out? Is this actionable?   Plus that transitory inflation Jay Powell keeps talking about looks like it is beginning to imbed itself into the economy.