Super-Spiked Videopods (EP37): Goodbye Europe, Hello Rest of World

We return to our sub-theme of "Goodbye Europe, Hello Rest of World" sparked by Barclay's updated Climate Change Statement (links below), evidence of structural de-industrialization in Germany, and our recent analysis on Norway's resilient overall oil demand despite gasoline erosion due to its electric vehicle (EV) ramp.
With Europe fading as a core driver of global GDP growth, our macro focus is on how key population centers in Asia, in particular China (1.4 billion people), India (1.4 billion people), and the rest of southeast Asia (1.3 billion people) will meet their massive unmet energy needs. Climate policies being pursued in Western Europe, the United States, and Canada that disproportionately and perplexingly negatively impact traditional energy companies in their home regions is one of the key contributing factors to the messy energy transition era. For developing Asia, it remains an open question as to whether American and Canadian oil and natural gas (via LNG) will be part of the solution or will they instead need to rely on the Middle East and Russia.
Barclay's updated Climate Change Statement that promises to stop financing new oil and gas fields and infrastructure expansion is the latest example of a western-world financial institution succumbing to pressure from "climate only" ideologues. It is deeply unfortunate. Germany's ill-advised energy and climate policies are undoubtedly a major contributor to its relatively high power prices and undeniable signs of structural de-industrialization. Norway's rapid EV ramp shows how hard it is to kill overall oil demand-a fact "net zero by 2050" scenarios bizarrely ignore. Ill-advised energy and climate policies from European governments and, increasingly, financial institutions like Munich Re and Barclays (among many others) is contributing heavily to what we call a messy energy transition era-our motivation for creating Super-Spiked.
Barclays Climate Change Statement (summary): home.barclays/news/press-rele...
Barclays Climate Change Statement (detailed): home.barclays/content/dam/hom...
For all Super-Spiked content, follow me at arjunmurti.substack.com or at veriten.com.
Twitter: @ArjunNMurti
DISCLAIMER
My views are my own and not attributable to any current or past affiliation.
CREDITS
Intro & Outro music: Wolf Hoffman on Apple Music: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.
This episode of Super-Spiked Videopods was edited and produced by Veriten Productions.

[@SharonMuniz100]

Super interesting. thank you!

[@eatlaughandstupid4430]

I learned so much...thank you!

[@zjxn06]

Thanks for saying what very few are willing to say. Hopefully, you're calling out the ESG "emperors" will give management teams courage and inspiration to do the same. Too much time and money spent trying to appease them. XOM's Darren Woods has recently gone on the offensive. Good for him.

[@super-spiked]

thank you very much. And yes, kudos to XOM for standing up to non-shareholder oriented resolutions.

[@fmpipeline]

One of your very best videos

[@super-spiked]

thank you very much for the kind words

[@CBLE]

6:05, we know, thanks to the vest. That looks comfy. The Norway's demand is interesting. Thanks, good stuff.

[@super-spiked]

LOL. one of the best comments ever.

[@CBLE]

@@super-spiked For one of the best podcast.

[@martytayman9138]

Terrific Arjun. I rely on your analysis.

[@amirshalev3689]

Arjun for president.

[@super-spiked]

LOL. Veriten already has a great president, but appreciate the sentiment!