Ferg's Finds

This is a short weekly email that covers a few things I’ve found interesting during the week.

Article

I’ve been reading articles with interest as China takes a pragmatic approach by locking in long-dated LNG contracts: China Is Buying Gas Like There’s Still an Energy Crisis.

Europeans, on the other hand, are busy quoting Shakespeare and more concerned about legal clarity regarding their decarbonisation goals than energy security.

Podcast/Video

Enjoy the market huddle and Kuppy, so this was a treat: MH+ Ep.06 Patrick chats with Kuppy.

Quote

“Most great investments begin in discomfort. The things most people feel good about – investments where the underlying premise is widely accepted, the recent performance has been positive, and the outlook is rosy – are unlikely to be available at bargain prices. Rather, bargains are usually found among things that are controversial, that people are pessimistic about, and that have been performing badly of late.”

-Howard Marks

Tweet

I hadn’t even considered this.

Charts

I was very aware of the top chart (14% is Apple and Microsoft), but not so much of the bottom chart. Something got to give…

Something I'm Pondering

I’ve always been interested in what wind turbines’ lifespan will be in reality vs the projected 20-25 years.

Take this study: The analysis of almost 3,000 onshore wind turbines — the biggest study of its kind —warns that they will continue to generate electricity effectively for just 12 to 15 years. The wind energy industry and the Government base all their calculations on turbines enjoying a lifespan of 20 to 25 years.

Or this more recent article: 6 of 10 turbines out of commission at P.E.I. wind farm, the government says

I hope you’re all having a great weekend.

Cheers,

Ferg 

P.S. With all the toxic sentiment on coal, a few more people need to read this.