"With 84% of the world’s energy consumption coming from fossil fuels, it shouldn’t be surprising that the world’s largest energy companies primarily produce them as well.
It’s also true that most of their capital spending is still devoted to fossil fuels — across the largest companies, just 6% of capital expenditure was devoted to clean energy in 2020. Most oil CEOs maintain that oil and gas will play a large role for a long time to come."
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Heading to Maine early tomorrow morning for some fun in the sun! :)
In the meantime, read this piece by Andrew Biggs.
See you next week!
andrew biggs @biggsag writes...you read. This is not negotiable
https://littleknownfacts.substack.com/p/the-two-charts-any-social-security
We'll review various 25 year time frames under the "harvest your gains retirement plan"
Here's the link! https://vimeo.com/event/6194932