It's always spicy when Tom Luongo (@TFL1728) speaks, but it's when he gets the cigar going that you know it's going to be really spicy.

Currency wars, energy crises, cheap natural gas, cheaper oil, expensive uranium, and even tin - this one had it all.  https://t.co/aEPxcdcdkL pic.twitter.com/zsN8CORe0z

— Antonio A. (@antonioresource) May 17, 2024

At the end of the day, there isn't enough money for guns and butter.  There isn't enough money for cheap housing and cheap energy.  Nothing is cheaper than Russian pipe gas.  Net Zero is not going to work.  Oil consumption in general is going to continue rising.  I think oil is already too low at $83 a barrel.  I think it's just basing.  Uranium is coming back into the mix because I have no other choice.  Copper is your canary in the coal mine.  Copper is still your leading indicator of industrial demand for electricity demand.  You want to be long uranium?  Well, you're going to need copper.  Yeah, nuclear is coming back.  Uranium prices are cheap.  

It takes a year to get an aluminum smelting pot back up and running.  That's why they call it congealed electricity. It takes a huge amount of electricity to make aluminum.

Interest rates will rise during a recession.