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The Truth About The Global Energy Transition

Energy Transition

It’s Not Easy Being Green

It's not just the sad mantra of Kermit the Frog. The Biden Administration has found itself stuck between its ambitious green agenda and the harsh realities of high oil and gasoline prices. For investors, it opens up a lot of risks and a lot of new opportunities. 

The energy transition is a double-edged sword. Just ask Europe. 

Regardless of the predictable banality of American partisan politics, there will be a price to pay for the transition. There’s always a price. The trick is in balancing it out and getting the timing right. It will require brains that can process a multitude of variables simultaneously, and they likely don’t exist in the corridors of power (past or present), consumed as they are with obtaining and maintaining… power. 

That means we are in for a rather wild energy ride, in case you haven't noticed yet.  

Europe has now found out the hard way that renewables aren’t quite where they need to be to fill in the gap during a natural gas shortage and a price spike. They’re too intermittent, and Europe, which relies on an impressive amount of wind power, suffered a rather windless summer, so there wasn’t enough in storage when the natural gas crisis hit. This isn’t all about Russia refusing to pipe more in, though that surely will be a geopolitical chip that Moscow cashes in at some point. 

The provinces in China’s sprawling industrial heartland are suffering from severe energy shortages that are leading…





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