A report out this week from California’s Global Energy Monitor shows that in 2021 there is still a bubble in gas and oil pipelines, and that the financial community is backing them to the tune of over $1 trillion, much of which could end up as built out stranded assets. The Global Energy Monitor (GEM) just focuses on doing one thing well, monitoring the planning and funding of oil and gas, in this instance pipelines, and the forward order book here is mostly gas pipeline, with the most milage being booked by China, but the highest volumes of gas and oil being shifted being through planned US pipeline consortia, which are being financed by US and international banks. If these…