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.
Why Lower Oil Prices Will Boost Natural Gas
Many years ago, when we were researching silver mining companies, I was fascinated to learn how insensitive production and consumption were to prices. Unlike gold, which is mostly held as an investment, silver has many industrial uses. Consumer electronics represents over a third of demand. Silver has few good substitutes and is a comparatively small […]
The Energetic Outlook For Energy
Goldman Sachs released a report last week forecasting that Brent crude will slip into “the low $50s” by late next year. It currently trades at around $66 per barrel, down $8 from its year-end level end and $11 over the past year. The Energy Information Administration (EIA), in their most recent Short Term Energy Outlook […]
Midstream Is Better Under Trump 2.0
Now that we’re more than six months into Trump 2.0, comparisons with Trump 1.0 are spreading. For energy investors, Trump’s first term was a huge disappointment compared with the high expectations held by many when he took office. A year ago, as investors pondered the impact of a Kamala Harris presidency, we were often asked […]
The Legal Boost For Pipelines
Most LNG export terminals are built when three quarters or more of their liquefaction capacity has been pre-sold to customers. This ensures that the project will generate cash needed to repay its financiers, since there’s not much else you can do with it other than export natural gas. Buyers have to pay the agreed liquefaction […]
AI, Trump And The Yield Curve
The other day I listened to an interview with the CEO of Anthropic, Dario Amodei, on an Economist magazine podcast. Anthropic is in AI safety and research. They write large language models for sectors including healthcare and financial services. Many people think AI will create such fundamental change that it will eliminate jobs across large […]