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.
Fed Catches A Few Gullible Bankers

Silicon Valley Bank (SIVB) succumbed to poor risk management in holding long term bonds funded with demand deposits. If that’s all there was to banking we wouldn’t need many banks. But at a strategic level, Quantitative Easing (QE) as pursued for too long during the pandemic created the conditions for poor decisions. Central bank strategy […]
Americans Work More Remotely






Real estate investors are keenly attuned to the Fed’s efforts to curb inflation. The Vanguard Real Estate Index Fund (VNQ) is down 18% over the past year, lagging the S&P500 which is –6% and the American Energy Independence Index (AEITR) which is –1%. Rising rates have cooled the hot property market that the Fed’s bond […]
Using Carbon Technology To Reduce Carbon






From time to time we come across new companies and technologies that offer the potential to reduce emissions, thereby contributing to the energy transition. One recent example is Sea Forest, an Australian company developing a seaweed-based food additive for cattle that will reduce methane emissions (see How Seaweed Can Fight Global Warming). A few weeks […]
Climate Policies Confront Reality






Casually following news of the energy transition can create the impression that the world is a few years away from running on solar power and windmills. The reality is that climate extremists have propagated two impractical beliefs that are impeding policies based on pragmatism. One is that solar and wind are the complete solution. The […]
Infrastructure’s Energy Demands Attention






The “energy” in midstream energy infrastructure is often the primary consideration of potential investors. It probably began with the increased investment during the shale revolution, and the energy transition generated questions about energy mix and stranded assets. But nowadays capital discipline beats growth capex while without energy security there is no transition. It’s time to […]