Energy Sector

[TwoCitiesCapital]

+1 

 

Russian oil/gas was still finding it's way to market, so I don't expect that will meaningfully impact global prices. Will just make it more expensive for India/China who won't be able to buy hated oil at a discount and less expensive for Europe who now has more choices - but average prices globally will remain largely unimpacted. 

 

Agreed it's not bullish for net investment and new production at this time. 

Edited March 5 by TwoCitiesCapital

[Ulti]

https://www.reuters.com/world/us/ceraweek-top-oil-executives-reckon-with-downturn-even-trump-cheers-them-2025-03-09/

[whiskybravo]

Hard to believe we have such a competent energy secretary.  Energy realism
 

https://open.substack.com/pub/robertbryce/p/chris-wright-we-need-more-energy?r=9iue0&utm_medium=ios

[Eng12345]

10 minutes ago, whiskybravo said:

Hard to believe we have such a competent energy secretary.  Energy realism
 

https://open.substack.com/pub/robertbryce/p/chris-wright-we-need-more-energy?r=9iue0&utm_medium=ios

Yeah tbh Chris Wright is one of the best appointees. 

 

One of the only times I can remember rational energy policy coming from Washington. 

[treasurehunt]

14 minutes ago, whiskybravo said:

Hard to believe we have such a competent energy secretary.  Energy realism
 

https://open.substack.com/pub/robertbryce/p/chris-wright-we-need-more-energy?r=9iue0&utm_medium=ios

 

Damn! I am not a big fan of oil executives generally, but this is a brilliant speech!

[gfp]

It seems like out of all the supposed "trump trades" on that old thread - Natural Gas going up in price is the only one that really worked.  

[Pelagic]

29 minutes ago, whiskybravo said:

Hard to believe we have such a competent energy secretary.  Energy realism
 

https://open.substack.com/pub/robertbryce/p/chris-wright-we-need-more-energy?r=9iue0&utm_medium=ios

Really liked this line.

Quote

This lifestyle requires an average of 13 barrels of oil per person per year. What about the other seven billion people? They want what we have. The other seven billion people, on average, consume only three barrels of oil per person per year versus our 13. Africans average less than one barrel.

It's a point made often by energy companies regarding global demand, I think Exxon had a version of it in their annual report. And sure maybe we make major efficiency gains and the developed world brings that down 10-20%, but the delta between the developed world and undeveloped is still massive and it's going to close a lot faster than most people expect.

[Ulti]

“Back in our own country, over 20% of Americans struggle to pay their energy bills and roughly 10% have received the utility disconnection notice in the last 12 months. Think about that for a moment. The last administration recklessly pursued policies that were certain to drive up electricity prices, “

 

While he mentioned part of the price of energy going up is the rapid advancement of AI data centers…… the cost of extra energy consumption being borne by the states residents ( at least in the state of Georgia even with the new very expensive and way over budget nuclear power plant). Legislation has yet passed the republican house and senate in Ga as well as no help from the all republican members of the state PSC.

 

“We have outsourced far too much manufacturing and our allies in Europe have gone much further in this destructive direction”

 

yea we have and this was driven for many years by corporations corporate profits and. cheaper goods for the consumer .(. Not a leftist or rightist policy per say)

 

overall I agree a more rational energy policy … no more windmill giveaways like in Cape Cod where there’s been an environmental crisis 

from failure 

https://www.capecodtimes.com/story/news/environment/2024/07/24/nantucket-select-board-turbine-blade-failure-vineyard-wind-cape-cod-marthas-vineyard-offshore-wind/74506581007/