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AMERICA IS IN THE MIDST OF AN ENERGY REVOLUTION.

By capitalizing on American technology, ingenuity, and frontier spirit, the Shale Revolution—driven by horizontal drilling and fracking—is turning the world’s energy markets upside down.


ETF Mutual Fund


A Footnote on the September Newsletter

In writing this month’s letter (just published earlier today) I researched the source of the quote, “If you torture the data long enough, it will always confess.” It was attributed to Ronald Coase, listed on Wikipedia as “Born 1911”. Because his dates did not include an end date for his life, it somewhat improbably suggested he was still alive at the age of 102. However, not wanting to assume Mr. Coase’s demise prematurely, I did not describe him as “the late Ronald Coase”.

I just read in the NY Times that he passed away in Chicago yesterday, at the age of 102. I’m glad I assumed nothing less.

THE AI REVOLUTION NEEDS ENERGY

US natural gas demand is growing to supply data centers and LNG exports. We believe midstream energy infrastructure offers predictable cash flows to investors.

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