Wolf Money(Portfolio update end March 2026)part 1 early release
(Image credit: Freepik.com; Oil Rig) Politics of Oil Beside the human loss to the war. Oil made the headlines. LWF was trying to buy a good oil play for my portfolio. Unfortunately, none got onto my buy list. The closest to an indirect oil play is Tai Sin Electric. The War and subsequent rise with the price of oil will hasten the transition into electric vehicles. If I may draw you back to a decade or more ago. During the last oil bull run, CNG vehicles were the hottest selling vehicle type. CNG vehicles, for various reasons never took off in Singapore in a big way due to mileage issues and the difficulty of finding a CNG station. The problem eventually killed its popularity. Electric vehicle is unlikely to go through the same path as CNG powered vehicles as the government green plan is set in motion. There wouldn’t be any ICE vehicles being sold in Singapore from 2030. ICE vehicles will be retired from our roads by 2040. Tai Sin Electric is in the sweet spot on the bigger trend ...