Kontrarian Korner
Kontrarian Korner
Kontrarian Korner #12 - Anas Alhajji
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Kontrarian Korner #12 - Anas Alhajji

The Petrodollar Is NOT Dead, Conditions For The Saudi Riyal Depegging From The Dollar, Issues With Oil Data & Misleading Headlines

Last week I had Anas Alhajji on the podcast to discuss all things energy. For anyone interested in oil, gas, or coal, you will definitely learn something from this one. We hit on a wide variety of topics, but you can also watch it on YouTube here. We talked about the greatly exaggerated death of the petrodollar, and what would be required for the Saudi Riyal to depeg from the US Dollar. I know that I have listened to multiple podcasts recently talking about the death of the petrodollar, and Anas picks that idea apart in great detail.

He also broke down how energy industry data has deteriorated since 2017 and how misleading headlines have become common in recent years. Anas also explained why he is taking the other side of the so-called renewable (Solar, Wind, and EV) bet. Below is a link from Anas on recent headlines from EV manufacturers. He also talked about the various uses for petrochemicals and how a massive increase in energy demand from things like AI could eventually lead to an energy crisis. His book recommendation, How To Win An Information War by Peter Pomerantsev, ties directly to his thoughts on misleading headlines.


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The headlines below tell the whole story and what to expect in terms of higher oil demand than current forecasts. While sales of EVs in general are up, the growth is way lower than expected. There are positive news for EVs around the world, but what matters is that oil market outlooks assume larger penetration of electric vehicles than what we see on t…
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