EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH

America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..

Renewables Confront NIMBYs

SL Advisors Talks Markets
SL Advisors Talks Markets
Renewables Confront NIMBYs
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Last week a Federal judge blocked completion of the Cardinal-Hickory Creek high-voltage transmission line. The 102-mile project linking Dubuque County, Iowa, to Dane County, Wisconsin has one mile remaining. Three environmental groups opposed its construction through a Mississippi River wildlife refuge. It’s needed to upgrade an existing transmission line built in the 1950s, add capacity, […]

Energy’s Slow Transition

SL Advisors Talks Markets
SL Advisors Talks Markets
Energy’s Slow Transition
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Treasury bills yielding 5.3% are not the worst place to put some cash. Long term expected returns on US large cap equities are generally 5-7%. Schwab expects 6.2%. JPMorgan is at 7%. The Equity Risk Premium is the lowest it’s been in over two decades. S&P500 earnings projections for this year and next are roughly […]

Renewables Are Pushing US Electricity Prices Up

SL Advisors Talks Markets
SL Advisors Talks Markets
Renewables Are Pushing US Electricity Prices Up
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The Artificial Intelligence boom means the need for vastly more computing power. This is leading to a sharp jump in data centers, with a consequent increase in projected electricity demand (see AI Boosts US Energy). Elon Musk noted the pressure this is putting on the supply of electric infrastructure. Electricity is stepped up to very […]

AI Boosts US Energy

SL Advisors Talks Markets
SL Advisors Talks Markets
AI Boosts US Energy
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In recent years the International Energy Agency (IEA) has moved from providing objective forecasts to championing the world’s shift away from fossil fuels. In embracing a liberal political stance they’ve lost relevance to companies and governments making investment decisions to meet future demand. For example, the IEA projects peak oil demand within the next few […]

Who Do Energy Investors Want In November?

SL Advisors Talks Markets
SL Advisors Talks Markets
Who Do Energy Investors Want In November?
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Last week I saw some investors in Florida before joining my partner Henry in Puerto Rico at the national sales conference for Catalyst Funds, our mutual fund partner. The warm, sunny weather and ocean breeze stimulated much useful interaction with clients and salespeople about midstream energy infrastructure. It’s always helpful to hear firsthand the questions […]