Speaker 1: With Laurent's segle and from London and Gerard Reed from Berlin.
Speaker 2: This is redefining energy.
Speaker 3: Happy new Year, Gerard, Happy new year, my friend got
Speaker 3: to see you. And of course we have for predictions
Speaker 3: Michael Barnard. Happy new Year, Michael.
Speaker 1: Happy new year to both of you.
Speaker 2: Yeah, looking forward to this.
Speaker 3: Well, first, as usual, we take our six predictions from
Speaker 3: last year and see who fair the best and who
Speaker 3: to't really missed it. Probably I'm going to jump right in.
Speaker 3: The first prediction is Stellentis will outsource his EV production
Speaker 3: in China.
Speaker 4: So who did this one? That was me? Can you
Speaker 4: elaborate a bit?
Speaker 1: Well? I think I did pretty well on this one.
Speaker 1: It didn't actually start. One of the things I had
Speaker 1: a thought on was he was going to put Prugio
Speaker 1: and Renault brands in the like stable of brands on
Speaker 1: Chinese medivs and stop pretending to be a man inside.
Speaker 1: What it actually did was establish a joint venture with
Speaker 1: Leap Motor, and it's actually importing Leap Motor branded vehicles
Speaker 1: into Europe. The second thing it's doing it's actually established
Speaker 1: a joint venture with CATL and it's going to be
Speaker 1: established a battery gigafactory in northeastern Spain, where it has
Speaker 1: a bunch of plants and about a million people in
Speaker 1: the ecosystem, unlike Northfolk's location and eighty percent decarbonized electricity
Speaker 1: with a Spain's industrial policy which is actually reducing the
Speaker 1: cost of industrial electricity as well. So it's actually got
Speaker 1: has many more of the conditions for success Northfolk did.
Speaker 1: So I'm feeling pretty comfortable that I got it close.
Speaker 1: Didn't think Tnaris was.
Speaker 2: Going to go though, I am totally witches.
Speaker 3: Yeah, you also should have predicted that the shares of
Speaker 3: Stanislos last year, so I would have been able to
Speaker 3: shot them.
Speaker 1: So off my skill set.
Speaker 2: If I'm going to go mark out a five, If
Speaker 2: I'm gonna give him a four L five, okay, I'm
Speaker 2: gonna do because he definitely got and even the share
Speaker 2: place falling and stuff like that, it's all relation to
Speaker 2: the fact that he basically they have to go and
Speaker 2: change their business model and so yeah, they're making progress.
Speaker 3: Okay, So I give you three out of five because
Speaker 3: it's not just Stellontis. If you look at the results
Speaker 3: of the German main atomakers Onsagon profits went down last
Speaker 3: year by sixty four percent, D ninety one percent, BMW
Speaker 3: eighty four percent, and Massades Benz fifty four percent. So
Speaker 3: it's the all Western OEM went down. Well, it's not
Speaker 3: a crisis, it's an implosion. It's not just ste Luntist,
Speaker 3: it's pretty much everybody.
Speaker 1: But I'm going to defend myself. I didn't make a
Speaker 1: prediction about implosion. I made a prediction about bringing Chinese
Speaker 1: manufactured evs into Europe.
Speaker 3: Okay, Julie noted, but duly ignored. So you end up
Speaker 3: seven out of ten on this one. Next prediction, politics
Speaker 3: election in two twenty four, who derated the energy transition?
Speaker 3: That's me And I'm pretty happy with my prediction. Considering
Speaker 3: the fact that Trump has been elected and he has
Speaker 3: talked about dismantling most of the pro green policies of
Speaker 3: Biden and Journey speaking, what we've seen is that there's
Speaker 3: a much more emphasis on security than on green. So
Speaker 3: I feel pretty good about my prediction. What's your opinion, guys?
Speaker 2: I think maybe if you're talking about twenty twenty five,
Speaker 2: you're right.
Speaker 1: But let's be really clear.
Speaker 2: Twenty twenty four was a record year in terms of
Speaker 2: installations of everything renewable, whether it's solar wind evs in
Speaker 2: the United States and actually across the rest of the world.
Speaker 2: So there was no derailment whatsoever of the energy transition
Speaker 2: in twenty twenty four. So if I could give you
Speaker 2: a zero out of five, I would, But because Christmas,
Speaker 2: I'm going for a one.
Speaker 1: I'm feeling slightly more charitable because my comment last year
Speaker 1: was no, the elections will have impacts in the following years,
Speaker 1: not next year, and so I with Gerard and the timing.
Speaker 1: The big thing that I think is going to happen
Speaker 1: is that offshore wind in the United States is dead
Speaker 1: for another five years. Beyond that, the United States will
Speaker 1: be slowed by this, but the rest of the world
Speaker 1: is just going to buy more and more Chinese products.
Speaker 1: I'm going to give you a two because you're right
Speaker 1: in general, but you're not right on the time.
Speaker 2: Yeah, listen, because I'm feeling charitable, and you know it's
Speaker 2: January and all this type of stuff. Be nice to people,
Speaker 2: I'm gonna raise it to a two as well.
Speaker 4: Oh that is so nice of you. Okay, next job over.
Speaker 2: Supply of everything energy related to and that's what we've seen,
Speaker 2: and that starts with fossil fuels, oil prices down, gas
Speaker 2: prices down. If you look in the renewables area, costs
Speaker 2: of evs have collapse, cost the batteries of collapse, cost
Speaker 2: of solar has gone down, even wind has gone down.
Speaker 2: So yeah, I expect I should be getting a five
Speaker 2: out of five out of this.
Speaker 3: Yeah, but John, have you seen the price of the TTF.
Speaker 3: You know, up started the year at seven OPU and
Speaker 3: I is at fourteen.
Speaker 2: There's exceptions to everything.
Speaker 3: Yeah, there's exception to a five out of five. That's
Speaker 3: why I give you a four out of five.
Speaker 1: Michael Well, I was actually feeling like you were just
Speaker 1: making an observation a year ago, and so I wasn't
Speaker 1: going to give grank you very high on this except
Speaker 1: for the sheer magnitude of it. The collapse in battery
Speaker 1: prices down to under fifty dollars per kill a what hour.
Speaker 1: I'm a battery optimist, and I had no expectation that
Speaker 1: we'd hit that. The massive surge in solar and Pakistan
Speaker 1: because of the glut of solar panels, no expectation of that.
Speaker 1: I'm continue to be surprised in amaze. So while it's
Speaker 1: just an observation you made, and you didn't actually make
Speaker 1: observations about the implications of it, which is what a
Speaker 1: real prediction would do, which I'll demonstrate later. I'm going
Speaker 1: to give you four to five.
Speaker 2: Thank you very very much.
Speaker 3: Okay, force prediction, stronger top down governance of transmission and interconnection,
Speaker 3: Mike Kurn.
Speaker 1: That was in the EU specifically correct. I'm just gonna
Speaker 1: say I'm feeling pretty strong about this one too. In
Speaker 1: May of twenty twenty four, to the twenty seven members
Speaker 1: state energy ministers and make up the Transport, Telecoms and
Speaker 1: Energy Council of the EU agreed to the following and
Speaker 1: I quote underlines the need for a holistic, long term, coordinated,
Speaker 1: improved and integrated electricity grid infrastructure planning at European level.
Speaker 1: That's the people who make the decisions saying they need
Speaker 1: top down planning of grid and they need EU level coordination,
Speaker 1: not the current boys Club of utilities. So I'm feeling
Speaker 1: that this one I.
Speaker 5: Not did it in the p I'm going to add
Speaker 5: one little bit to support to Michael, which is he
Speaker 5: didn't talk about the US, which is in the US
Speaker 5: there I also has been really strong moods towards top
Speaker 5: down governance, and.
Speaker 2: Actually it's partially driven by energy security, but it's really
Speaker 2: been driven by data center growth and stuff like that.
Speaker 4: You know.
Speaker 2: So I'm definitely with your list. If I could give
Speaker 2: you a five point five out of five, I would,
Speaker 2: but I'm not allowed.
Speaker 1: So I'm just going to give you a five out
Speaker 1: of five.
Speaker 4: Thank you so much. So at five point five.
Speaker 2: Five out of five, I can't give a five point five.
Speaker 2: I'm going to give him five out of five.
Speaker 3: Okay, I write this down fight out of you realize
Speaker 3: that if you give him a fight out of five
Speaker 3: and I played smart and I give him also a
Speaker 3: fight out of five, you lose because I'm already last
Speaker 3: as usual. Yah, you're playing against your house. You're sure
Speaker 3: five out of five?
Speaker 2: Bit stupid on that, Yeah, but no, I think he
Speaker 2: was fair enough and he had no I think it did.
Speaker 4: I had to be scared.
Speaker 3: Okay, I give him also five out of five.
Speaker 4: Okay, I'm just gonna say.
Speaker 1: I will say in my defense, I was completely shocked
Speaker 1: to be right, Okay.
Speaker 3: Fifth to one the return of clean energy shares and
Speaker 3: if I look at the major indices like S and
Speaker 3: P Global clean energy indecks it's down twenty five percent
Speaker 3: last year. So on one hand, I got it totally wrong. Now,
Speaker 3: if I expand what clean energy is and I integrate
Speaker 3: what I would call the periphery, which means people are
Speaker 3: providing equipment, and then that would include Simon's Energy or Jeevanova,
Speaker 3: those shares went ballistick up. Yes, the core did not perform,
Speaker 3: but the periphery went extremely well.
Speaker 4: So I asked for your mercifulness.
Speaker 2: Well, listen, I just have one question then if you
Speaker 2: can ask it, then I give you a bonus point.
Speaker 2: Vestas biggest turbine manufacturing in the world, is how did
Speaker 2: their share price perform last year US?
Speaker 3: Yes, minus fifty three percent twenty four.
Speaker 2: Okay, well listen forgetting it right, I'm going to give you,
Speaker 2: you know, a mercy mark, and I'm going to give
Speaker 2: you two out of five.
Speaker 1: I've just got to say I'm actually somewhat pleased because
Speaker 1: I'm in portfolio rebalancing time. I'm a buy and hold.
Speaker 1: I'm not a trader, and right now, my god, is
Speaker 1: it a buyer's market. If you have cash, now is
Speaker 1: the time to get in, Because Laurent, you're off on
Speaker 1: timing again. But they're starting to fix the market mechanisms
Speaker 1: that have made it difficult for some of these friends
Speaker 1: to make a profit. They're starting to fix some of
Speaker 1: the auctions and stuff like that. But of course there
Speaker 1: is the other problem, which is that Gerard's wrong again
Speaker 1: by claiming that Vestus is the world's largest.
Speaker 2: Right used to used to be used to be, used
Speaker 2: to be, used to be.
Speaker 1: And so I'm once again I'm going to give you
Speaker 1: a two out of five because you're right in the direction,
Speaker 1: wrong in the timing.
Speaker 3: I said, only lost eight percent last year.
Speaker 1: Then of course it's nerdful.
Speaker 4: Yeah, ushush h.
Speaker 1: We won't talk about that. They tried to ip o
Speaker 1: that my god.
Speaker 3: Okay, guys, So that's another two out of five. Okay,
Speaker 3: so I already have my final score. Okay, we'll talk
Speaker 3: about it later. Last but not this prediction of last year.
Speaker 3: Jihad China, we gain massive international market in win and
Speaker 3: EV's yaho.
Speaker 4: Woa woa woa woa.
Speaker 2: Well, first and foremost we have seen it in the
Speaker 2: wind space. So they're not just selling into their own market,
Speaker 2: they're now exporting and actually they're very close to.
Speaker 6: Coming into continental Europe as well, which is a big base,
Speaker 6: big step forward as well in terms of ev sorry
Speaker 6: to say that the kings of EVS and what you've
Speaker 6: seen is Chinese manufacturers going everywhere across the world.
Speaker 2: So yeah, I'm quite happy with my prediction there that
Speaker 2: they would gain international market share within.
Speaker 3: The EVS, although eighty percent of their car export ice
Speaker 3: really yeah, you need to follow really expelled like Michael Juna,
Speaker 3: We really know what he's talking about.
Speaker 4: So I give you a four to five job.
Speaker 1: My observation last year was once again geord is making
Speaker 1: an observation, not a prediction, so I can't give you
Speaker 1: much because the implications of the observation is a prediction.
Speaker 1: We talked about Vesta's a share price being way off,
Speaker 1: and that's in large part because they're losing business. We
Speaker 1: talked about the European OEMs for car manufacturers losing lots
Speaker 1: and lots of business. I'll be talking a bit more
Speaker 1: about that in a couple of spaces, But those are predictions.
Speaker 1: Saying that China is going to dominate area is where
Speaker 1: it is already dominating and is chipping everywhere except Europe,
Speaker 1: which is a retrograde market globally, is just an observation
Speaker 1: so I'm only going to give you a three out
Speaker 1: of five.
Speaker 2: Oh, I tell you what, You're going to have trouble
Speaker 2: next year, my friend.
Speaker 1: Oh, I'm not going to forget this.
Speaker 3: So I've got the final results, Okay, as usual, I'm
Speaker 3: last with eight out of twenty, the next one as
Speaker 3: fifteen out of twenty, and the first as seventeen out
Speaker 3: of twenty.
Speaker 4: And the winner is Mike bomb Out.
Speaker 1: I now take my Nostrodamus twenty twenty four trophy, and
Speaker 1: I accept it with all humility and also tremendous surprise.
Speaker 1: I did not expect to be so right. These were
Speaker 1: aspirational hopes. Here you're twenty twenty five predictions, and they
Speaker 1: better not be vague. They aren't.
Speaker 4: So Prediction number one, Mike kil My first prediction is.
Speaker 1: Jale oil production will decline in the United States in
Speaker 1: the first year of the Trump presidency. And why shales
Speaker 1: into four point zero right now? What that means it's
Speaker 1: a consolidation play by global majors who have jale sites
Speaker 1: that they can develop. Jail only lasts for three years
Speaker 1: before seeing significant declines, so it is actually a technology
Speaker 1: response to demand at market prices. But the shale oil sites.
Speaker 1: They've already taken the highest profit ones. We're now seeing
Speaker 1: the more marginal sites that cost more to develop and
Speaker 1: have lower production. The combination of China's drop in significant
Speaker 1: demand for petroleum, especially over the coming years, is precursored by,
Speaker 1: for example, the collapse of the diesel engine market in China,
Speaker 1: where LNG engines for the longest range vehicles are going
Speaker 1: and everything else is going electric. Basically, anything that China
Speaker 1: can't electrify it putting ellen G in and it's getting
Speaker 1: that LNG from Stans. So the biggest export market in
Speaker 1: the world for patrolum is declining, and so the price
Speaker 1: of oil is going to decline. What that means is
Speaker 1: the shale of aill sites will no longer be profitable,
Speaker 1: and the global majors it owns them will develop them.
Speaker 3: But I will say that, as you know, they opened
Speaker 3: the Mattenhorn gas pipeline from West Access to the main hubs,
Speaker 3: which means that the WA hub, which used to be
Speaker 3: discounted to the Henry Hub, now is rebalancing. So as
Speaker 3: they're going to make more money on gas, they're going
Speaker 3: to pump more oil. That's my counter argument.
Speaker 1: We shall see in a year. What do you think, Jirod.
Speaker 2: I think this is very close to my second PARTICU,
Speaker 2: so I maybe go the second prediction and then I'll
Speaker 2: sort of answer your question.
Speaker 4: With this right job your ton.
Speaker 1: So my prediction is.
Speaker 2: That oil prices in two thousand and twenty five will
Speaker 2: hit forty dollars. And Michael, it's a little bit going
Speaker 2: on to what you're saying there as well. I'm actually
Speaker 2: going to come from it from exactly. I agree with
Speaker 2: you that we've seen probably peak oil demand in China
Speaker 2: for a start, but secondly, we've just got overproduction in Opec.
Speaker 2: You've got five million extra barrels a day. And I
Speaker 2: also think that we're going to see in the Ukrainian situation,
Speaker 2: we're going to see some form of peace solution there
Speaker 2: and that means you could have another one million barrels
Speaker 2: of Russian oil to come on the market, and I
Speaker 2: think that's going to just push prices down. So that's
Speaker 2: my specific prediction forty dollars oil two twenty five.
Speaker 3: Now, when you say forty is going to touch forty
Speaker 3: once ago come on or it's an average, oh touch.
Speaker 1: I'd just like to congratulate you. I'm finally saying something
Speaker 1: that is a specific production.
Speaker 3: My first prediction is, and it's very close to yours,
Speaker 3: is the following geopolitics, stress, supply chains and energy bonanza
Speaker 3: will bring a more innovative and better world.
Speaker 4: And let me explain.
Speaker 3: There are two trouble makers in the world geopolitics, Russia
Speaker 3: and Iran, and I think they are exhausted after years
Speaker 3: of funding wars and chaos. They are burning through their
Speaker 3: fossil fuel wealth with only destruction to show for. Something's
Speaker 3: gonna give. So I think that one or the two
Speaker 3: regimes are gonna go down, which mean that whoever's gonna
Speaker 3: come after is gonna threat the market. You cannot have
Speaker 3: countries run by guys in their seventies and eighties in
Speaker 3: pursuit of imperial or teocratic dreams. But on the other hand,
Speaker 3: the supply chains are extremely cleverb You're four years timed
Speaker 3: for a new guest our bine. So if we have
Speaker 3: a huge demand of energy, is going to be through
Speaker 3: innovation and vulnoables. So sorry, it's a bit sophisticated, but
Speaker 3: that's my prediction.
Speaker 2: Can I just make one cover. I like what you said, Laurent,
Speaker 2: and I hope You're right. There's one little issue with
Speaker 2: the three first predictions we've come up with, and that's geopolitics,
Speaker 2: because there is still geopolitics risk, and what you say
Speaker 2: doesn't happen, it could go in the other direction, and
Speaker 2: actually we actually have prices going up, we have US
Speaker 2: shale going up, et cetera, et cetera. We hope not,
Speaker 2: but I just want to just show that in.
Speaker 1: I don't know, they lean into this one as well.
Speaker 1: I like what you're saying. I agree that structurally Iran
Speaker 1: and Russia are incredibly fragile states, and I hope their
Speaker 1: dissolution is relatively non destructive and doesn't still over their
Speaker 1: borders too much. I remember the Syrian refugee crisis of
Speaker 1: twenty fourteen quite clearly, even though I wasn't on the
Speaker 1: beaches of the Mediterranean counting bodies, and it's the kind
Speaker 1: of thing that can cause those kinds of floods of refugees,
Speaker 1: which is heavily destabilizing geopolitically.
Speaker 3: That's a downer, it's a total down So I hope
Speaker 3: the nextpedictions are going to be a bit more uplifting. Michael,
Speaker 3: Y'll next.
Speaker 1: In the spirit of being uplifting. My second prediction is
Speaker 1: a blood bath in hydrogen for any energy and transportation
Speaker 1: in twenty twenty five. I'm going to start with just
Speaker 1: a little interesting thing. It's actually illegal to call hydrogen
Speaker 1: vehicle zero mission in Canada. Bill C fifty nine was
Speaker 1: introduced in the summertime, and it required truth and advertising,
Speaker 1: and it allowed private organizations to bring charges against people
Speaker 1: who were bringing misleading greenwashing charges. As a result, all
Speaker 1: of Canada's boiling gas lobby groups and majors took all
Speaker 1: their social media down and took all their claims off
Speaker 1: their websites. But hydrogen vehicles aren't zero carbon, so you
Speaker 1: can't make them zero carbon. Well to wheel, that's going
Speaker 1: to be interesting to play them. But at least one
Speaker 1: of plug Power, fuel Cell Energy, or ballad will finally disappear.
Speaker 1: They're treating at pennies on the dollar of their twenty
Speaker 1: twenty one peak, which was a mini blip compared to
Speaker 1: their two thousand massive peak. At least one major bus company,
Speaker 1: Western Bus Manufactural, abandoned hydrogen fuel cell buses. Maybe Selearis
Speaker 1: Norway will stop finally stop trying to build hydrogen ferries
Speaker 1: and replace the one operational one which has double the
Speaker 1: emissions of a diesel ferry, forty times the emissions of
Speaker 1: a battery electric ferry that operates on the same route,
Speaker 1: operates slower and costs ten times as much to fuel.
Speaker 1: And one of the major truck and bus firms that's
Speaker 1: trying to do both hydrogen and batteries is going to
Speaker 1: follow Countrine into bankruptcy, then Cool in Europe or New
Speaker 1: Flyer in North America. Is that precise enough for you?
Speaker 4: I love it.
Speaker 2: I love it, and I'll go along with you and
Speaker 2: that I love it. Yeah, bring it on.
Speaker 4: Job your next prediction.
Speaker 2: My second prediction is around installations of all everything clean.
Speaker 2: We're going to see record installations of heat pumps globally, batteries,
Speaker 2: global evs, solar panels, et cetera. And I give you
Speaker 2: an idea just in terms of numbers, because I need
Speaker 2: to be precise because otherwise Michael will get me in trouble. Right,
Speaker 2: We'll install in this year seven hundred gigawatts of solar,
Speaker 2: and I predict that we will install one hundred gigawatts
Speaker 2: of batteries. In terms of electric cars, I'm going to
Speaker 2: put a big number out there, and I think we're
Speaker 2: going for twenty million.
Speaker 4: There you go.
Speaker 2: That's my last one.
Speaker 3: It's a when not twenty million evs, which would be great.
Speaker 3: And you said that one hundred gigabat of batteries yet yeah,
Speaker 3: no problem.
Speaker 2: Yeah, two hundred gig what hours of batteries globally, I'd
Speaker 2: say seven hundred gigs of solo.
Speaker 3: Yeah, but when if you look at the major is
Speaker 3: going to be more difficult. And I agree with Michael
Speaker 3: that of show wind in the US's toast.
Speaker 4: Which are not.
Speaker 1: And I'm just please once again, Gerard, that you're learning
Speaker 1: what a prediction is. I mean, how many years have
Speaker 1: you that's been doing this? And I agree with your predictions,
Speaker 1: and I think what we'll see is the global self.
Speaker 1: We're going to see vastly more penetration there as we
Speaker 1: saw this year in Pakistan and others. Just the sheer
Speaker 1: drop of costs. It's going to be stunning to watch.
Speaker 3: Okay, So my last prediction start with the anniversary. It
Speaker 3: was exactly five years ago that we had the famous
Speaker 3: letter from Larry Fink black Hawk, who said black Hawk
Speaker 3: put climate at the center of a seven trillion strategy,
Speaker 3: failed to act on climate, and your fired pension fund says,
Speaker 3: and the most great one everything is ESG. Now that
Speaker 3: was exactly five years ago, and what I can predict
Speaker 3: is that two twenty five, it's the disappearance of ESG
Speaker 3: climate carbon in any financial product. Guys, you're stunned.
Speaker 1: It is a bold any financial product.
Speaker 3: May mean you see that five percent, but the new
Speaker 3: financial product named ESG climate Net zero carbon blah blah blah.
Speaker 3: You at a moment five years ago where overnight Morning
Speaker 3: star Ric Christian two hundred fund as ESG, and I
Speaker 3: think the label is going to disappear as fast as
Speaker 3: he appeared.
Speaker 1: And I agree with that clarification. Well, what I will
Speaker 1: say is that doesn't mean that ESG is disappearing, and
Speaker 1: that doesn't mean people investing in the space are going
Speaker 1: to lose money. There's a tremendous amount of creation of
Speaker 1: good stuff like Nesty is vastly undervalued for a company
Speaker 1: which is going to be a significant growth company over
Speaker 1: the next twenty years. So you're considering buy and hold.
Speaker 1: There's some amazing deals, as I said earlier.
Speaker 3: Yeah, certainly, but the monika ESG is just going to vanish.
Speaker 2: I think it's not that easy to do it over
Speaker 2: night Laurn just because you've got a bureaucracy in place
Speaker 2: in around ESG. But I'm definitely living in hope that
Speaker 2: it does disappear in twenty twenty five because I think
Speaker 2: in a lot of ways it is not helping.
Speaker 4: A side prediction.
Speaker 3: A side prediction is carbon capture also is going to
Speaker 3: weane because can you imagine there were five hundred carbon
Speaker 3: and capture lobbies that coup twenty nine And there was
Speaker 3: the famous interview of Diine Woods, the CEO X and Mobile,
Speaker 3: and he says, and I quote, CCS doesn't work.
Speaker 1: I have to give the fossil fuel industry credit for this.
Speaker 1: They really know how to reuse and recycle. Every five
Speaker 1: to ten years you get another bubble of carbon capture
Speaker 1: and hydrogen for energy and coon diesel, and it's just
Speaker 1: recycling the same nonsense they peddled previously. It's actually quite
Speaker 1: efficient and effective them. I think we should have plumbed
Speaker 1: them for their circularity.
Speaker 3: The amount of money they can expect from taxpayers is
Speaker 3: absolutely staggering. But I'm with you. I'm very interested by
Speaker 3: your prediction. And if oil touch forty donar, like Jos says,
Speaker 3: I can tell you that there's going to be some consideration,
Speaker 3: and when the company's pretty ripe for being taken over
Speaker 3: its VP, they're not going to survive if the price
Speaker 3: goes down.
Speaker 1: One of my potential sideline predictions, I was thinking which
Speaker 1: company would I predict would disappear, which one of the
Speaker 1: major oil majors, and I chose not to go that way.
Speaker 2: By the way, guys, I think that's one prediction we
Speaker 2: all agree on. I don't think it will survive here.
Speaker 3: Well, gentlemen, that's it. We've done our six predictions for
Speaker 3: the year, which I'm going to try to summarize. Number one,
Speaker 3: all production down in the US. Number two old price
Speaker 3: will eat forty, develop a barrel into twenty five. Number
Speaker 3: three geopolitics stress supply chain and energy bonans up will
Speaker 3: bring a more innovative and better world. Number four a
Speaker 3: blood bath or hydrogen in transportation sector. Number five record
Speaker 3: installation of salar seven hundred giga, what batteries two hundred
Speaker 3: gigo what hour? And evs twenty million? And the last
Speaker 3: one n of esg climate carbon in the financial product. Gentlemen,
Speaker 3: So with a pleasure predicting the future with you, I'm
Speaker 3: sorry I lose every year loose all the time.
Speaker 2: Things can only get better.
Speaker 4: Yeah, that's what we say every year.
Speaker 1: As the new defending champion, all I can say is
Speaker 1: I'm surprised, but I'm the defending champion, and I'll be
Speaker 1: surprised if I actually managing to friend my crown.
Speaker 2: You have no chance this year.
Speaker 4: I'm telling you, I'm.
Speaker 3: Just I will bid up the oil market like you
Speaker 3: have no idea. So just a jahwe on this one.
Speaker 3: Because job, this is a prediction of five or zero.
Speaker 3: You can't be half right on this one.
Speaker 1: Yeah, I know that's true.
Speaker 4: That's true.
Speaker 2: That's true.
Speaker 3: Okay, And if we reach nineteen point nine million evs
Speaker 3: and not twenty same zero, guys, great being with you.
Speaker 3: We thank our listeners. Be ready for a great tour
Speaker 3: twenty five. We love you all.
Speaker 1: Happy to hear everyone, and the future is so bright.
Speaker 1: We gotta word shades.
Speaker 2: Well said, well said, Good luck everybody.
Speaker 1: Thank you for listening to Redefining Energy.
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