Key insights
- The author believes geopolitical tensions, specifically those involving Iran, may accelerate the shift towards renewable energy sources. They express optimism for renewable energy ETFs like ICLN, suggesting the energy crisis could be a catalyst for broader adoption of renewables. This could lead to increased investment and growth in the renewable energy sector, positively influencing related equities.
As an American, we have been beholden to oil, coal, and natural gas for a century. Renewable energy is consistently lobbied against and hard to churn up continuous movement towards a cleaner energy future because of political turbulence. I think Trump fucked up so hard with Iran that the entire planet will take a deep dive into renewable energy, because Iran doesn’t own the sun, nor do they own the wind blowing in my face as I type this. Most renewable energy assets can go up in your own yard even via a solar panel or windmill. I’m cautiously optimistic for ETFs like ICLN. The world can’t be lied to forever andI think this could be the breaking point. It could also just be my own internal biases. What do you all think?