Blog
THE AI REVOLUTION NEEDS ENERGY
US natural gas demand is growing to supply data centers and LNG exports. We believe midstream energy infrastructure offers predictable cash flows to investors.
Awash In Oil
Apparently, the senior executives of Exxon and Chevron weren’t the only ones worried about inadequate oil inventories causing prices to spike (see Is Crude At A Tipping Point?). The White House heard the message, and ships are once again moving freely through the Strait of Hormuz. The world is suddenly awash with oil, which by […]
Still Bullish After The Truce
Last week we were in Tampa and Orlando meeting with investors. It’s always a pleasure to see clients that have been with us for several years, because they’ve invariably had a positive experience. On the drive from Tampa to Orlando on I-4 we passed the exit for DisneyWorld, although sadly didn’t have time on this […]
The Good News On Oil
Crude oil has so far not reached the heights expected by industry insiders, including senior executives at Exxon Mobil and Chevron. The reasons include China’s decision to stop building its inventories, which reduced demand by 3-4 Million Barrels per Day (MMB/D). Their high penetration of EVs has supported a shifting from gasoline to coal as […]
Is Crude At A Tipping Point?
It has struck us for some time that crude prices continue to reflect an overly optimistic view about when normal shipping will resume in the Strait of Hormuz. There is no acceptable military solution available to the US. The Iranian threat will stop when Iran so decides. Nonetheless, every positive social media utterance from President […]
Still Not High
Although drivers are feeling it at the pump, crude oil prices and therefore gasoline have so far not approached the most dire predictions. We’re enduring the worst supply disruption in history in terms of volume, with an estimated 500 million barrels having been drawn down from global stockpiles. Moreover, it’s become apparent that Iran’s asymmetric […]