Stuff That Interests Me

I wanted to discuss the natural resources industry today – energy and mining – because I see an industry caught between a rock and a hard place. If I get a bit ranty, I apologise. But this impossible situation makes me get a little frothy at the mouth, because it is in large part so unnecessary – and not the making of the industry itself, but of idiotic policy.We, as investors, however, need to understand the binds in which businesses find themselves, so here goes.We’ll start with supply chains.Disrupted first by Covid-19, then the Ukraine War, then more lockdowns in China, supply chains are still not working as they should. You don’t need me to tell you that delays cost money. Imagine a workforce ready to go, and being paid – but without the right equipment to get started. Money is draining out of one side and nothing is coming in on the other. This is particularly punishing where capital is tight. And boy, is capital tight in mining.Then there is, as we all