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Showing posts from July, 2021

Kingcoal's redemption : ESG backfire and China Australia trade war

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 In terms of energy, if anything I will call this age as CoalAge.  Just an year ago, oil considered obsolete sticky, goey dinosaur juice which no one wants to consume or produce. Oil went negative for an hour, rates plummeted and producers were starved off the capital. It was perfect la la land for left activists, electric vehicles, renewable like solar and wind and a happy green world. Now coal and oil are having their days, with oil above 75$ per barrel and coal at 11year time highs. Soaring commodity prices made renewables unviable.  Like it or not, we are in coal age.  What are the catalyst I see in this sector to make it a decently performing sector in near future?  First and most important, China Australia trade war and unofficial ban on Australian coal sent coal prices in North America and Asia soaring high. Secondly, earlier long term trend of ESG has led to capital starvation of coal producers, thus decreasing supply. Thirdly, the weather. More heat wave in Northern hemisphere

India wants to be BPO/Call center of the world 🌎

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One lesson I learned very early in life is 'never fight this Government'. They have tools and competence, that one can never imagine from a second world country's government with democratic system. When everyone was dead sure that rupee gonna depreciate, just like every other Asian currency, Indian rupee on contrary strengthened. It was all manipulated, USA put India in list of currency manipulators even then RBI didn't budged. So now if government wants to make India BPO hunt of the world, instead of ignoring it as another government scheme, I looked at the topic quite deeply. Firstly see what telecom minister has to say.  "We've issued a guideline today that's very extensively liberalising the other service providers' guidelines. The guideline is revolutionary in nature that'll make India a very favourable destination for expansion of voice-related Business process outsourcing (BPO) centres," Ravi Shankar Prasad, telecomunication minister. &q