Bonds will sink banks and pension funds again eventually

Not many financial panics play out in slow motion. Especially when they involve banks and pension funds. But the vast losses on bonds that caused both persist.

Renewables cannot meet our exponentially growing energy demand

This year, my understanding of our energy system radically changed forever. While most people peddle a story of energy transitions, this is false.

Happy New Year!

With the holiday season now mostly behind us, we turn our attention what the new year might have in store…