Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.
Sentiment: POSITIVE
A commodity producer should be comfortable being exposed to prices.
Historically, there has been a bull market in commodities every 20 or 30 years.
What I see are people who want affordable energy. They want strong environmental standards - they want a lot of things - but first and foremost they want affordable energy. And if you want affordable energy, you want oil, gas and coal.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.
In 80% of the world, energy will be bought where it is economic. You have to help the rest of the world get energy at a reasonable price.
The market we're going after is the clean-energy market.
Now, what produces a want of demand? A refusal to take from other countries the commodities which they produce.
The exchangeable value of all commodities, rises as the difficulties of their production increase.
Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
The consumption and production of energy is a major component of the global economy.
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