Why Bidenâs War On Gas And Oil Is A Crippling Pipe Dream
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Ignoring the graphic lesson of the havoc a pipeline shutdown can bring, Michiganâs governor, Gretchen Whitmer, is trying to close the operations of a critical oil-and-gas pipeline that serves Canada and the Midwest. Her stated rationale doesnât hold oil, er, water. Her real rationale is hostility to the oil and natural gas industryâa hostility that is fervently shared by the White House.
This episode of Whatâs Ahead explains why the Biden Administrationâs goal of ultimately replacing oil and natural gas with wind and solar power is a dangerous pipe dream. To do so would require gargantuan amounts of minerals, and that, in turn, would necessitate a catastrophic increase in tearing up the Earth for numerous new mines and enormously expanding existing ones. Just one example, we would need a 20-fold increase in nickel.
Bond Market Crash? Why Individual Investors Should Stay Out Of Bonds
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This episode of What’s Ahead describes why investors shouldn’t buy bonds. The great bull market in bonds that began in 1982 is over. If you have bonds in your portfolio, make sure their maturities are no longer than three years.
Although interest rates have come up a tad in recent months, they are still at levels not seen before in recorded history.
Rates will be rising as the economy recovers from the pandemic and as the Federal Reserve starts printing money in earnest to help pay for Joe Biden’s spending binge.