SPDR S&P 500 (SPY): The energy policies though are huge and...

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Saturday, 01/28/2023 7:56:15 PM

Saturday, January 28, 2023 7:56:15 PM

The energy policies though are huge and incredibly decisive in the US. We have New York and California pushing for the ESG (Environmental Social Governance) which includes everything from banning coal, gas, and oil to mandatory vaccine passports to buy food.
Then Texas and Elon Musk saying ESG is the worst policy ever created.
The potus continues to say we’re banning gas vehicles and we’re going to transform the whole US into a giant electrical grid at the same time.
Well ok but our secretary of transportation can’t keep our plane travel operational but he’s reliable enough to initiate a complete overhaul on our national energy infrastructure to support the move away from gasoline?
How does one even begin to start thinking about a safe long term investment strategy let alone how comfortable does anyone feel about buying a new car or house right now?

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