How many warnings does it take before the Biden Administration wakes up to the risks from its climate policies to the U.S. electric grid? The latest came this month from the North American Electric Reliability Corporation (NERC), and please pray the wind keeps blowing. NERC’s summer reliability assessment forecasts that no less than two-thirds of
Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed. The only growing non-OPEC basin is the Permian in West Texas. Never before has oil supply growth been so geographically concentrated. Six counties in West Texas are
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields. “There’s just a lot of oil being left in the ground,” Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. “Fracking’s been around for a really long time,
I’m pondering just how little EVs will offset oil demand in even the most bullish scenario over the next few years. Consider EVs only make up ~1.8% of the global fleet currently (26m EVS / 1.44B ICE), and passenger vehicles, in turn, only make up 27% of oil demand. EVs hit 10% of global sales
[A] few months back, I was on a panel with several other investors and the topic of uranium came up. Oddly, these investors were quite dismissive of uranium. I’m paraphrasing but this was the general tone, “But Kuppy, we all heard this uranium story 5 or 7 years ago. There are guys on twitter who’ve
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Investors look set to pile into the copper market on an unprecedented scale in the next few years as usage surges in electric vehicles and renewable energy, according to Citigroup Inc. The key industrial metal is widely known as a proxy for global economic activity, and prices have slumped in recent months on weakening demand