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..
Saturday`s Attack Is A Game Changer
Early analysis of the twin attacks on Saudi Arabia’s oil infrastructure has focused on the length and severity of supply disruption. 5.7 Million Barrels per Day (MMB/D) of lost output is the biggest supply drop in history, although its impact will depend on how long it takes to repair the damage. This misses two more […]
America Offers Safer Energy
Saturday’s surprise attack on Saudi Arabia’s Abaqaiq oil facility in Buqyaq has sent crude oil prices sharply higher. There are estimates of up to 5.7 Million Barrels per Day (MMB/D) of lost output. For perspective, the last two big drops in crude oil, in 2008 and 2014-16, were caused by around 2% excess supply. The […]
Momentum Crash Supports Pipeline Sector
Breaking News — Drone attack disables Saudi crude ouput Although we don’t normally highlight the favorable geopolitics of U.S. midstream energy infrastructure, this news does emphasize that much of the world’s crude oil comes from unstable regions. See WSJ story U.S. Insulated From Possible Supply Shock After Saudi Attack Momentum Crash Supports Pipeline Sector The […]
Climate Promises from Politicans: America Will Do Better
Over 60% of U.S. liquid hydrocarbon production comes via hydraulic fracturing (“fracking”). This includes 7.75 million Barrels per Day (MMB/D) of crude oil (total 12.4 MMB/D), and three MMB/D of Natural Gas Liquids (NGLs, including propane and butane) out of five in total. In addition, shale natural gas production is 68.5 Billion Cubic Feet per […]
MLPs: Five Years On, Cheaper Than Ever
The end of August was the five year anniversary of the peak in MLPs. Had it not been for the distraction caused last week by a more compelling story (see Blackstone and Tallgrass Further Discredit the MLP Model), we would have already noted this milestone. The Alerian MLP index, albeit much changed and diminished since […]