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

ETF Energy Mutual Fund Inflation Mutual Fund

Life Gets Complicated For The Fed

Making eurodollar futures interesting is not among Fed chair Jay Powell’s goals, but he’s achieved it nonetheless. From just after their June FOMC meeting through Thursday, the market has lopped over 0.50% off the projected rate cycle. The cycle peak has even been brought forward, from March 2023 to this coming December. The FOMC’s Statement […]

Bad Investment Ideas Still Flourish (Part 1)

I spent the last couple of days at LPL’s Focus event in Denver, meeting a good number of clients and prospects. Denver’s enormous conference center was teeming with LPL financial advisors. CEO Dan Arnold gave an inspiring talk. Human contact is roaring back. On the flight out to Denver, a couple of recent conversations reminded […]

Why Natural Gas Affects Prices At The Pump

The other day a White House spokesman offered familiar criticism of oil companies for not reducing gasoline prices to match the recent drop in crude. It’s easy to manipulate charts to make a point, and the example used in the press briefing does that. Gasoline prices have fallen recently, but is their relationship with crude […]

Russia: The Climate Change Winner?

Higher prices for traditional energy are supportive of increased use of renewables. The point of a carbon tax is to create price signals for users and producers of coal, oil and gas that reflect society’s assessed cost of the burden imposed by rising CO2 emissions. Uncertainty over long-term public policy has led to years of […]

Pipeline Earnings Should Be Good

Earnings season for the pipeline sector kicks off Wednesday 20th with Kinder Morgan. Crude oil prices have slid over the past several weeks, reflecting increased fears of recession and China’s ongoing efforts to eliminate Covid through regional lockdowns. Sharp moves in oil affect energy sentiment and the consequent drop in midstream energy infrastructure reflects these […]