Black Monday

[Bobdn]

Good for you JB. I was piling into oil in August/September 2020. That's sounds great but I completely mistimed my entry (naturally!) and was down 20 per cent at one point. If you check out the charts of XLE/VDE/IXC in that period, there was a big whoosh down and then the vaccines came along. It's sunny uplands now of course.

A lot of NZ funds are proudly ESG and have near ZERO exposure to energy, the best performing sector last year and this year to date. As long as energy is working, market down turns will be particularly hard for these funds. And if we have a 10 year commodity super cycle, then it's even worse for them. Of course the oil price could collapse tomorrow so this is far from a one way bet.

There was a good commentator on World Wide Exchange last night who said we really don't want oil much higher than it is now. $100 oil will bring too much drilling.

[bull....]

some of the best returns have been from oil , coal , uranium etc dirty energy.

last night energy up us only sector , today asx energy up preety much only sector , oil futures painting another high as we speak heading to 100 this yr maybe even this half ? on the plus

the higher they go the better alternative green look eh

[Joshuatree]

The higher oil goes the more serious we will get going green rather than all this greenwashing,so go high oil( am holding a few energy stocks ATM)

[Panda-NZ-]

The higher oil goes the more serious we will get going green rather than all this greenwashing,so go high oil( am holding a few energy stocks ATM)

So much constant roadworks popping up across NZ. Mainly because of the damage from trucks.

NZ should place more of its freight on trains.

[mcdongle]

The higher oil goes the more serious we will get going green rather than all this greenwashing,so go high oil( am holding a few energy stocks ATM)

Where are the affordable vehicles to do this

[Panda-NZ-]

An electric bicycle ?

[Panda-NZ-]

Maybe art and coins are something which can protect from inflation.

search ancient roman or greek coins on ebay.

*Needs to be legitimate ones though.

[nztx]

An electric bicycle ?

the way things are going - it may be a pushbike or skateboard for many

might be some of the same ones who still haven't got their promised homes

[pedro.nz]

So much constant roadworks popping up across NZ. Mainly because of the damage from trucks.

NZ should place more of its freight on trains.

Totally agree - rail is VERY VERY under-utilised infrastructure

[glennj]

Totally agree - rail is VERY VERY under-utilised infrastructure

Many of the bad roads are where there are no railways so in many instances using railways is no alternative. Some years back when dealing with NZ Rail re bulk freight they were very unforthcoming in wanting us to pay for rail wagons and pay for sidings. It was far cheaper and more convenient to use road transport even though we would have been happy to use rail if it stacked up and we did so elsewhere. Lack of state highway maintenance especially bridging has been a disgrace in recent years! There are bridges that should and would have been replaced years ago that keep being deferred by the current administration.