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.
Greenpeace Picks The Wrong Fight
In recent years climate extremists have become adept at weaponizing the legal system in pursuit of their dystopian aims. The Mountain Valley Pipeline (MVP), which was built to move natural gas from West Virginia to Virginia, faced extensive delays with only a few miles left, because climate activists were able to persuade a judge to […]
Unloved Tariffs
There are few parts of America redder than Naples, FL. Kamala Harris signs were nowhere to be seen last year. Florida has shifted from purple to red in recent years. A friend once received hostile comments from a local who noticed his Connecticut license plate, demanding that he not relocate but should keep his liberal […]
Discussing Energy In The Caribbean
I spent a few days last week at the Catalyst Funds National Sales Conference in Puerto Rico. Catalyst is our mutual fund partner. It is about ten degrees warmer than Naples, FL where we’ve spent most of the winter, and the conference was once again thoughtfully located at the Royal Sonesta Hotel on the beach […]
Natural Gas Is The Future Fuel
On Monday the market dipped back below its pre-election level. The proximate cause was Trump’s ambiguous response when asked if there will be a recession. He has warned that the tariffs will likely cause “a little disturbance.” To this observer, the problem is more the rapid unpredictability with which new import taxes are announced and […]
Midstream Is About Volumes
Midstream companies are generally unaffected by the current round of daily tariff updates. Their stock prices may gyrate with the rest of the market, but nobody is revising guidance. It’s worth remembering that these are toll businesses, focused on volumes not commodity prices. Consumption of petroleum products is remarkably stable. It’s been between 20 and […]