‘Copper is the new oil’ and other views on the future of energy

One of my interesting friends is in town visiting Chile for a few days.
His name is Gianni – he’s originally from Croatia but lives in Vancouver, and has spent most of his career in the mining business.
Gianni is especially bullish on copper… primarily because he thinks the Age of Big Oil is coming to a rapid close.
He believes that conventional gasoline vehicles will be increasingly replaced with electric cars, which simultaneously reduces demand for oil AND increases demand for copper.
For investors, this presents an interesting opportunity.
Oil and copper prices have been strongly correlated for decades; in other words, as oil prices went up, copper prices went up.

This post was published at Sovereign Man on January 12, 2017.