The renewable energy cult reckons “coal is dead”, but the market says otherwise.
Thermal coal prices are off the charts, with record demand driving record prices: Australian thermal coal prices recently hit $US$400 ($548 a tonne), with prices still on the rise.
The crowd that tells us that we’re only a heartbeat away from an all wind and sun powered future have been telling all who care to listen that investing in fossil fuel producers, in particular coal-miners, borders on insanity; with lots of talk about “stranded assets”, the prices of which will plummet, to never recover.
Well, that’s the cult’s mantra, anyway.
Meanwhile, back on Earth, Terence Corcoran explains that, in an energy hungry world, fossil fuel producers are a very safe bet, indeed.
Which energy assets will be stranded?
Financial Post
Terence Corcoran
4 May 2022
Oilprice.com covered the latest energy trends Monday with a report that U.S…
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Utopia, you are standing in it! 
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