/biz/ - Business & Finance

>>57448627
>Why do they want "green steel" if water vapor is a greenhouse gas?
Because the general populace is under-informed and co2 = bad for a large, non-negligible portion. It's a lot easier to pass more complex objective agendas under the guise of climate. See most recently the pause on new LNG terminal licenses. Publicly it's for climate, but it's functionally a protectionist policy to keep natgas low at home at the expense of global competition.

>Biden's surprising protectionism
I don't think he's the one making decisions necessarily, but to me the reshoring, nearshoring, and friendshoring is set up for a bigger global conflict. I think they know what's on the horizon and having a closer & more secure supply chain is a grand-game objective currently.

I do share your outlook on the future of steel. Something interesting is on the longer time frame it tends to oscillate about gold, at least going back to 2009 w/ tradingview's data

>>57449107
>redpill me on XOP
Very diversified oil exploration & production etf. Good equity exposure to price of oil. Could give some decent gains for lower risk if oil spikes on conflict.