Putting Coca Cola back in IRA*** We had a nice little run when we owned it and you do not have to wait 30 days if it was a gain.
He’s calling the his broker t $2.90 on RDBX Calls, not sure why they were so cheap. Also bought 50 APPLE $135s..
More Commodity Inflation Beckons as War Boosts Coal: Bloomberg Survey More Commodity Inflation Beckons as War Boosts Coal: Bloomberg Survey (Bloomberg) -- The global commodity business can get a whole lot more expensive -- and dirtier, too. The war- and pandemic-fueled shortage of raw materials appears poised to fuel what’s already the biggest surge in commodity prices in decades, according to the latest MLIV Pulse survey conducted June 6-10. At the same time, demand for fossil fuels is only expected to rise as Europe seeks to shift away from Russian energy, dashing any immediate hopes that high prices will foster a shift to cleaner renewable sources. A continued rise in prices would add to decades-high inflation worldwide, which is threatening to exacerbate hunger and instability in the developing world and slow growth globally as central banks raise interest rates aggressively to tame it. The pressure has increased sharply since the outbreak of the war in Ukraine, which has imperiled its grain exports and caused much of the world to sever economic ties with Russia, a major oil producer. That’s exaggerating supply bottlenecks and shortages that have persisted since the pandemic and driven up the Bloomberg Commodity Index by about 35% this year, putting it on track for the steepest annual advance since 1979. The cost of wheat will keep advancing this year, worsening an increasingly precarious global food situation, even as crude oil pulls back from its elevated levels, according to the MLIV survey, which was completed by 805 participants. Meanwhile, coal looks set to be Europe’s go-to fuel to make up for Russia-related natural gas shortfalls this winter rather than more renewable sources of power. “The combination of the war and the supply and demand imbalances that were already in place before the war began, especially in energy, will really push up ag, base metals, precious metals and energy together,” Paul Christopher, head of global market strategy at the Wells Fargo Investment Institute, said on Bloomberg Television. “We favor strongly a broad-based commodity basket there going into the end of the year.” Europe’s decision to cut back on Russian fuels had been seen as a potential opportunity to shift to cleaner sources of energy, but Bloomberg readers appear doubtful this will happen in the short term. Coal is likely to play a bigger role in filling Europe’s energy gap in the coming winter according to 68% of respondents in the MLIV survey, while just 32% saw renewables leading the way. While Europe is a leader in the transition to renewables, it will struggle to install wind and solar capacity quickly enough to make up for the Russia shortfall, which is being exacerbated by unforeseen problems with nuclear power generation in France. “The reality is they’re going to have to find their energy from someplace, and coal is going to increasingly fill that gap in certain countries,” said Matthew Sherwood, senior lead commodities analyst at the Economist Intelligence Unit. “The green-energy transition is probably going to be slower even than we were expecting in the developing world.” A degree of skepticism about how concertedly the world is actually shifting toward cleaner energy was evident across the survey, with three quarters of respondents saying that the world has not yet reached peak oil demand. A majority of 57%, meanwhile, said that hydrocarbon producers should be eligible for inclusion in so-called ESG funds that focus on sustainable investments. Increased demand for oil would also enhance the power of the world’s biggest petroleum exporters, such as Saudi Arabia. Close to four-out-of-five survey respondents believed that the OPEC+ alliance is likely to be a dominant force supporting crude prices for the remainder of 2022. That shift is underscored by the recalibration of the US administration’s stance toward a Saudi regime that President Joe Biden had previously vowed to turn into a “pariah.” The goals of reducing greenhouse gas emissions and finding fuel to keep the lights on “are definitely in conflict now,” said Andrew Blumenfeld, director of data analytics with market research company McCloskey by Opis. The MLIV survey shows that 64% expect the Bloomberg Commodity Index will end the year even stronger. Among four key commodities, the biggest proportion of respondents, 34%, thought that wheat would lead the gains. Close to 27% saw copper rallying most, with a similar number picking oil, with gold the laggard around 13%. Around 37% picked oil leading declines, compared with less than 17% for wheat. Crude fell a third day amid a global market selloff as Friday’s shock US inflation data put pressure on the Federal Reserve to tighten further. The war in Ukraine has disrupted trade in a range of cereals, cooking oils and fertilizers, sparking a record spike in prices and prompting dozens of nations, including India, to respond with food-export restrictions. This could have a domino effect that aggravates shortages in net food importers, which in turn could provide a catalyst for the types of civil unrest sparked by the 2007-2008 global food crisis. Upward pressure on food costs is “unlikely to abate in the short term,” and that probably will have social repercussions around the world, Massimiliano Bondurri, chief executive officer of SGMC Capital, said on Bloomberg Television. And while he is skeptical that resource markets will witness a big rally much beyond current levels, “commodities are very likely to remain supported.” Even if raw material prices don’t climb further from here, though, most poll respondents expect inflation to remain above central bank targets. That suggests that readers see spiraling price pressures becoming more entrenched in other parts of the economy. That’s evident in the world’s largest economy, with new figures last week showing US consumer-price inflation unexpectedly accelerating to 8.6%. “We’re planning for continued inflation for the foreseeable future,” Nick Hampton, chief executive officer of London-based food-ingredient manufacturer Tate & Lyle Plc, said on Bloomberg Television. “We’re managing our business assuming inflation will continue and it’s very difficult to predict precisely how long it’s going to go on because things are evolving so rapidly at the moment.”
Warrior Met Coal, Inc. (HCC) <------ Put on watch list NYSE - Nasdaq Real Time Price. 33.78-2.54 (-6.99%) As of 10:40AM EDT.
THE DUKE!!!!! (doesn't look real big does it? Hell I could make one of those) Largest floating solar power plant in the Southeast at Fort Bragg June 13, 2022 Share This Story Part of larger energy services contract with Duke Energy Project also includes a 2-MW battery CHARLOTTE, N.C. – The Southeast’s largest floating solar plant will be producing power soon at the U.S. Army’s Fort Bragg in North Carolina after a major utility energy service contract with Duke Energy and its prime contractor Ameresco. The 1.1-megawatt solar facility is part of a $36 million contract that focused on energy resilience and security at Fort Bragg, including infrastructure modernization, lighting and water upgrades, heating, ventilation and air-conditioning, and boiler system improvements. “Duke Energy’s work with Fort Bragg will lead to better energy efficiency and cost savings at the base,” said Brian Savoy, Duke Energy's chief strategy and commercial officer. “We’re excited to help put Fort Bragg at the forefront of renewable energy innovation through this unique floating solar facility.” The floating solar system was built on the Big Muddy Lake located at Camp Mackall. Fort Bragg will own and operate the solar system. “We are grateful for our relationship with Duke Energy and Ameresco,” said Col. Scott Pence, garrison commander for Fort Bragg. “With this system, the largest floating solar array in the Southeast, we will be able to provide energy resiliency to Fort Bragg operations through sustainable resources. With this partnership, Fort Bragg not only has renewable electricity, but energy security that will be critical with continuing the installation’s mission during a power outage.” “The opportunity to implement this innovative use of clean energy technology for a military base as notable as Fort Bragg was one that our Federal Solutions team was thrilled to lead on,” said Nicole Bulgarino, Ameresco executive vice president and general manager of Federal Solutions. “The completed floating solar system – still an underutilized technology in the U.S. – will assure the Army’s mission with clean energy. We look forward to continuing our relationship with Duke Energy and Fort Bragg, working to identify additional state-of-the-art opportunities to reduce the installation’s energy consumption and strengthen its resilience.” The floating solar installation is being paired with a 2-MW battery energy storage system. The system will supply power to Fort Bragg from the local grid and provide power during electric service outages. “This project fulfills the commitment made in our Army Climate Strategy to increase resilience while delivering clean energy and reducing greenhouse gas emissions,” said the Honorable Rachel Jacobson, assistant secretary of the Army for installations, energy and environment. “When we collaborate with local utilities and industry to promote energy resilience while powering the local grid, it is a winning solution across the board.” Floating solar is expected to grow quickly over the next decade. Currently, only 2% of new solar installations are on water. But the nation has more than 24,000 human-made bodies of water that could be useful for floating solar development. (View and download video and photos). North Carolina and Duke Energy are leaders in solar energy. The state is fourth in the nation for overall solar power capacity. Duke Energy owns and operates more than 40 solar facilities in North Carolina – one of which is a 13-MW facility at the Marine Corps Base Camp Lejeune in Onslow County.
Ya know when I was researching the power companies, I was surprised at how many are using coal. Domestic coal might be a good call short term Stoney. The heat! Need lots of AC.