Entries by Simon Lack

LNG Growth Faces Few Headwinds

SL Advisors Talks Markets
SL Advisors Talks Markets
LNG Growth Faces Few Headwinds



Loading





/

Exxon Mobil (XOM) is not typically associated with Liquefied Natural Gas (LNG) but they are planning to double the volumes they handle by 2030, to 40 million tonnes pa. This would be equivalent to around 5.3 Billion Cubic Feet per Day (BCF/D). The US currently exports around 12 BCF/D although that will grow as new […]

Life Is Better After Greta

SL Advisors Talks Markets
SL Advisors Talks Markets
Life Is Better After Greta



Loading





/

Life after Climate Change: Better than you think by Bjorn Lomberg was recently published in the National Review. Lomberg has published several books arguing that climate change isn’t the existential disaster often portrayed in the media. His most recent is False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to […]

Environmentalists Opposed To Windpower

SL Advisors Talks Markets
SL Advisors Talks Markets
Environmentalists Opposed To Windpower



Loading





/

Climate extremists have a well deserved reputation for a simplistic approach to solving the complex problem of curbing CO2 emissions without impoverishing us all. However, poorly informed objectives doesn’t mean they have a co-ordinated approach. The growth in solar and wind power is setting environmental extremists against one another.  Take New Jersey, a state whose […]

Sending More Carbon Back Underground

SL Advisors Talks Markets
SL Advisors Talks Markets
Sending More Carbon Back Underground



Loading





/

Last year’s Inflation Reduction Act (IRA) raised the tax credit for CO2 that’s permanently buried underground. Some CO2 is used in Enhanced Oil Recovery (EOR) to help push crude out of mature, low pressure wells. It can then be pumped back into the well for permanent storage. This is Carbon Capture, Use and Sequestration (CCUS). […]

Still Uncovinced By Oneok Magellan Combo

SL Advisors Talks Markets
SL Advisors Talks Markets
Still Uncovinced By Oneok Magellan Combo



Loading





/

It’s almost two months since Oneok (OKE) announced their proposed acquisition of Magellan Midstream Parners (MMP). Consummation of the transaction has never looked more promising than on the day of the press release. By mid-May, the market was ascribing less than 30% odds of shareholder approval, based on the gap between MMP and the combination […]

Celebrating The 4th of July

SL Advisors Talks Markets
SL Advisors Talks Markets
Celebrating The 4th of July



Loading





/

Independence Day is a wonderful holiday. It involves being outside in warm weather with the family to eat and watch fireworks. What’s not to like? Perhaps more than at any other time of the year, Americans rightly feel pride at our great country. As a transplanted Brit for now 41 years, my riposte to the […]

America’s Favorite Energy

SL Advisors Talks Markets
SL Advisors Talks Markets
America’s Favorite Energy



Loading





/

When it comes to energy, the media has a decided liberal bias. With a few exceptions, journalists covering this sector breathlessly highlight the phenomenal growth of renewables and criticize those evil fossil fuel companies who supply 82% of the world’s primary energy. The solar/wind juggernaut is barreling along and if you don’t jump on you’ll […]

Using More Of Every Energy Type

SL Advisors Talks Markets
SL Advisors Talks Markets
Using More Of Every Energy Type



Loading





/

On Monday the Energy Institute (EI) published the 72nd edition of the Statistical Review of World Energy. BP handed off this responsibility last year. They probably felt that saying anything about energy consumption would inflame climate extremists without commensurate benefit. The EI launched the publication with a webinar, which predictably was both upbeat on renewables […]

Infrastructure As An Inflation Hedge

SL Advisors Talks Markets
SL Advisors Talks Markets
Infrastructure As An Inflation Hedge



Loading





/

We’re getting used to 4-5% inflation. Using the Fed’s preferred measure, core Personal Consumption Expenditures (PCE), it’s been above 3% since April 2021. People are quietly mentioning the unmentionable – what if the Fed raises its inflation target?  The Economist recently published a briefing warning that “failure to quell it quickly will transform financial markets”. […]

Stocks Aren’t Cheap

SL Advisors Talks Markets
SL Advisors Talks Markets
Stocks Aren’t Cheap



Loading





/

The Equity Risk Premium (ERP) is a measure of the relative attractiveness of stocks versus bonds. It compares the earnings yield on stocks with the interest rate on ten year treasury notes. For much of the past decade it’s shown stocks to be relatively attractive compared to the average relationship going back to 1962 – […]

image_pdfimage_print