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.
Pricing In A Less Dovish Fed
Bond yields have drifted up 0.25% over the past month. Real yields on TIPs have barely budged from around –1%, so the move in bonds has translated into rising inflation expectations — now solidly above 2.5% for the next decade. The persistence of negative real yields is surprising – with the Fed likely to finally […]
Why The Energy Crisis Will Force More Realism
The two front covers from The Economist, thirteen months apart, represent an overdue liberal education. Much of the mainstream press has heralded the energy transition to renewables as a source of jobs, innovation and everything else good including lower CO2 emissions. In September 2020 The Economist ran a leader titled Is it the end of […]
Inflation Edging Higher
Yesterday the IMF warned central banks around the world to be “very, very vigilant” about inflation. The Fed and its peers employ legions of economists and it’s doubtful the IMF will have triggered a sudden reassessment in marble halls in Washington, Frankfurt or Tokyo. But their outlook will add to the growing concern investors have […]
More Energy Discussions In The Palmetto State
Covid introduced us to first-time meetings over Zoom. Last week I had the pleasure of meeting Jack Jeffords and Adam Bloomberg, from Mount Pleasant, SC, in person after having first met them both via a video call several months ago. Recognizing a familiar face along with the person’s voice reinforced how helpful it is to […]
Discussing Energy Markets In The Palmetto State
In June of last year my wife and I fled the draconian lockdown imposed on New Jersey for the south (see Having a Better Pandemic in Charleston, SC). Whereas back then our autocratic governor had even forbidden a solitary walk in the park, Charleston SC felt like a world apart. We were left awestruck at […]