Greg’s year end recap and outlook for commodities continues to be that. We are just hitting the start of a big increase in energy demand. With electric vehicles coming out as a conversion away from fossil fuels, it is important to keep the time horizon in mind. There will be considerable demand for both electric and fossil fuels for the next 10 years. Buying commodities near their lows is a better place to look when the business cycle is turning up. Greg’s charts suggest a strong likelihood of a double for a lot of the oil names as a shortage of drilling will limit new supply as the economies of the world ramp back up. The industrial metals like copper and steel look excellent as well as rare earth metals for batteries.