Last week, China announced that it would cut the reserve requirement ratio for its banks. This basically means banks in China will now be required to hold smaller reserves than what was previously required.
Earlier this week, oil prices climbed following news of an economic stimulus in China, a weaker dollar, and a rather large crude storage withdrawal in the U.S. None of this is coincidental.
While EVs still have some downsides, they’re not as catastrophic as some folks want you to believe. And whether they like it or not, the EV market will continue to grow rapidly for the foreseeable future. I don’t say this just because I love my Tesla and have long been a fan of electric cars. I say this because, as investors, you have to make investment decisions based on data and objective analysis.
Coal will lose market share due to its heavy environmental burdens and inefficiencies, natural gas will roughly maintain at current levels, renewables will continue to gain market share, and nuclear will stage a long-awaited comeback, which has already begun. This, thanks to the development of small modular reactors, or SMRs. Boasting cheaper construction and operational costs coupled with SMRs being environmentally superior to traditional nuclear power plants, SMRs are going to take the nuclear industry from years of stagnation to a legitimate contender in the world of energy.