Monday, October 25, 2021

Where to Look as Shrinking Fuel Supply Leads to a Winter Energy Crisis

 
October 25, 2021
 
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Get Your Coats. Winter Could Be Cold Without These Fossil Fuels.
I started my career about 15 years ago as a data analyst for global research provider Wood Mackenzie, now part of insurance and big data holdco Verisk Analytics.

Back then, I worked out of my house in Morgantown, WV. And among my first responsibilities were to familiarize myself with mining costs at the coal operations in my native Appalachia.

It was a huge undertaking because there were around 1,500 individual mines stretching from Pennsylvania and Ohio down through Maryland, West Virginia, Virginia and Tennessee.

But over time, the information is digestible. So ultimately, you start to think about them in terms of companies, regions, mine types and equipment types.

Surface mining in Appalachia was clearly on its way out at the time — mid-2000s — due to environmental campaigns to eliminate the practice known as "mountaintop removal" or "MTR."

And that's where the coal shortage we're seeing began.
How to Trade It
 
Why Bitcoin, Crypto Are Setting up for Their Biggest Bull Moves Yet
It was another bullish week for crypto as Bitcoin hit a fresh all-time record high in October 2021. It's extended in the short term and due for a pullback, so don't go run out and buy some…

In fact, Bitcoin is down this morning, but we're setting up for a big, bullish move in the medium-to-long term!

In a nutshell, we've seen a long consolidation phase from April to October. And we're up four weeks in a row so it's overdue for a dip.

We saw a breakout above its previous record high set back in April, which is super bullish. But I would hang tight on Bitcoin for the moment...
There Other Coins to Buy Now
 
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Divergence occurs when the stock price and another key indicator move in opposite directions on a chart. Divergence in technical analysis may signal a major positive or negative price move. Positive divergence occurs when the price of a security makes a new low while a key indicator such as RSI, Stochastic, or MACD starts to climb. Conversely, negative divergence is seen when the price makes a new high but the indicator being followed closes lower.
 
 
 
 
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