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Oil Analyst Makes Case for Electric Cars and Picks Copper as Way to Play Battery Future
He talks about fracking and refracking. Refracking is going back into a well that was already fracked and using new technology and real-time drilling to adjust and get a lot more out of the well. This means that there is technology for a lot more oil and gas. There can be the occasional market and geopolitical situations where there is a price premium but the technology means there will be supply growth that will keep a lid on prices.
He indicates that Kazakstan and Russia are driving the uranium prices down. However, he believes in two to five year it will no longer make economic sense to overproduce depleting mines.
Green Energy – Hydro is Like Gold, Wind and Solar Are Like Silver and Copper