Video Of The Week

A Headline Review Of Geopolitics, Energy & Other Various Topics

I only have one video this week, but it covered carbon capture, a topic that I think will continue to get more coverage in coming years. He also covers his investing strategy and how he things younger investors should approach their portfolio. The carbon capture and carbon credits grift has started to grow in recent years, because apparently carbon dioxide is the invisible enemy instead of a building block of life. Readers can feel free to come to their own conclusions, and I’m certainly biased, but I think that ESG movement pushing solar and wind energy is a scam.

In my mind, all of the ESG movement and investment in unproductive forms of energy to make everyone feel good about themselves is going to die once the subsidies run out and it starts to have an impact on people’s daily lives. We have been ignoring reality on the ground, which is fine for most people as long as they can pick up groceries, fill up (or charge) their car, and have reliable internet and electricity, but if the electric grid starts to have issues because our government decided to build more wind and solar, that gravy train stops real fast. If we start to see blackouts, or other issues that prevent our cheap and easy access to abundant energy (which we in America are used to by now), the whole facade of “renewable energy” starts to crumble.

John Polomny's Weekly Update

One of the other Substacks that I like to follow is Doomberg. They spend most of their focused on energy policy, geopolitics, and other current events in the finance world. I’m paraphrasing, but they like to say that “When policy and physics compete, physics is undefeated.” Now that I’m done with my rant I can get back to the video. One of the things I found interesting about the video was his mention of Warren Buffett, CEO of Berkshire Hathaway. Buffett is well-known to be one of the best investors in history, and he has been investing in wind and solar through subsidiary MidAmerican Energy. Buffett himself has said that they wouldn’t invest in the solar and wind projects without government tax incentives.

If these solar and wind projects made sense economically, we wouldn’t need subsidies and tax incentives to build them. The carbon capture isn’t the only topic, and he discusses energy, including oil and uranium, along with copper. I watch his weekly updates because he has been all over the commodities sector, which usually have a segment focused on offshore energy. If you want a weekly video covering the news in the commodities sector, John Polomny's Weekly Update is a good place to start.