Plus ça change and tout ça. Many thought a positive by-product of Covid might be the fuller-throttle demise of fossil fuels. Alas no, looks like supply and demand alone won’t make all of us and our friends electric. Even though Trump won’t be reopening the coal mines any time soon, the Saudis have guns and the Russians palaces to pay for and we will, let’s face it, still need the oil for quite a few years to come. If they work together, they have us by the proverbial, I’m afraid.
“Markets in V-mode: vaccine hopes, Biden bounce in play”
It was interesting to look at the winners and losers in last week’s stockmarket Biden Bounce and Vaccine V. Cineworld led the charge, up 50% together with Stagecoach, National Express, Trainline and the airlines, Gym Group and property companies all by more than 30%....
