EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors.
Will Europe Feed The Crocodile?
Among Winston Churchill’s many memorable quotes is, “An appeaser is one who feeds a crocodile, hoping it will eat him last.” This applies to some European countries’ posture towards Russia. The Economist recently asked, Will Europe return to Putin’s gas? Could they return to their reliance on Russian energy? The question has been buffeting LNG […]
Gas Projections Keep Going Up
On Thursday morning Williams Companies released their earnings without the rumored announcement of a Behind The Meter (BTM) deal. The stock briefly dipped as algos reacted to the news release but was soon rallying because the broad outlook for natural gas demand remains strong. It’s turning into a global high tech arms race. Proliferation of […]
AI Demand Ramps Up
On Monday Energy Transfer announced the first Behind The Meter (BTM) agreement of the AI era. They’ll provide up to 450 Million Cubic Feet per Day of natural gas to a data center being built by CloudBurst Data Centers in central Texas. This represents 0.45 Billion Cubic Feet per Day (BCF/D), almost 0.5% of US […]
Hyperscalers Plow Ahead
On Friday both the Wall Street Journal and the Financial Times ran stories about planned capex on data centers by the big US tech companies. The DeepSeek news of two weeks ago hasn’t resulted in any discernible change. The case for increased power generation remains intact. On Wednesday Williams Companies will report their quarterly earnings. […]
Bond Buyers And Tariffs
Although the US is energy independent and a net exporter of petroleum products, we still import certain blends of crude. Canadian tar sands oil is the heavy type for which American refineries are configured as is Mexican oil. Shale oil is lighter. So we buy what we are set up to handle and sell what […]