As so often happens, in a distant village, a troubled twenty-something sought counsel and guidance from an elderly guru that lived on a mountain at the end of a steep torturous trail. As the young adult, struggling for breath, approached the master, he asked, “Why do you guys always live in such difficult places? Can't you be a hermit close to a road even? How do you even get food up here?” The elderly man’s wise countenance clouded, un-guru-like. “What is it with you punks these days? You [Read more]
Next week is going to be something else, but the real consequential show to watch will be bond markets
As an abused victim of natural gas markets, I can claim firsthand knowledge of the wild impact of gas market traders. What puts them into Lambos and ski chalets is volatility, and they will, hmm, help along, one could say, the wildest gyrations possible in that pursuit. Ten cent gas today, ten dollars next week. Then back again. That’s their dream. Chaos be damned. Thanks for the “liquidity”. You’re the best. It happens in stock markets as well. A company that the market suspects will need to [Read more]
BRICS is a big deal, people, even if the west doesn’t like their invite list
Young people, as a rule of thumb, engage in some serious eye-rolling when older generations/annoying parents talk about what it was like “when I was your age”. Yeah yeah yeah, we’ve heard it all before. You played outside all day and no one kidnapped you. You watched and apparently enjoyed something called Bugs Bunny. OK Boomer. Don’t be hard on them. It’s just the wheel of life. That’s what I did when I was a kid too. Well, maybe a bit of an eye roll but nothing more because slaps on the [Read more]
Energy notes from the edge: LNG Canada may impact prices unexpectedly; Global LNG trade soars past naysayers on energy security priorities
LNG Canada to boost and stabilize Canadian natural gas prices? Not so fast… There was a worthwhile read here last week in the BOE Report entitled “Canadian natural gas firms eager for LNG boom swamp market with excess supply”, which sums up the current situation quite well. It is astonishing that over the summer, the lowest-priced thing I can think of - candy, a stamp, anything - was a gigajoule of natural gas, and ten of those can look after a modest home for a month. What a world. There [Read more]
Ruling-class energy ignorance is a global wrecking ball
In the US resides a guy who’s academic and professional credentials are as impressive and impeccable as one can assemble in a career. His Wikipedia professional/academic bio shows top-level roles at a who’s who of globally significant institutions. Larry Summers has been: student at MIT, PhD from Harvard, US Secretary of the Treasury, director of the National Economic Council, president of Harvard University, Chief Economist of the World Bank, US federal Under Secretary for International [Read more]
Energy notes from the edge: Utility bills gone wild, and Canada’s huge AI data centre potential if we don’t screw it up
Rage against the utility bills Have you noticed your utility bills lately? Not many do, I don’t think, outside of the small cohort that scrutinizes them diligently and makes spreadsheets out of the carcass because they are excellent stewards of the household budget (I wish), or are claiming a tax deduction, or maybe just because they have a very low concept of fun. Regardless, there is a current oddity in the bills that is definitely attention-getting. What’s happening these days is a [Read more]
Energy notes from the edge: EV industry on limp-home mode; Greenpeace’s firehose used against them and they’re not happy
Summer was pretty quiet, thankfully, but time for a jolt to get reengaged. There’s no better way than getting yelled at, so today let’s talk about a surefire recipe - Electric Vehicles. Those that love EVs really love ‘em, and to speak ill of them in front of the fans is akin to asking questions about the size of their children’s ears. EVs have an outsized role in the current cultural and economic landscape, in an odd way. They are seen as the best hope to turn the tide of general consumer [Read more]
“The engines can’t take it, captain” – A global Captain Kirk-like plea for more power gets Scotty’s standard line
There are a few ways to “know things”. You know how to read, you know how to add, probably, and you know many things. Some things you can “know” without having to formally learn or experience them. You probably know it would hurt to get shot, though unless the demographic around here has changed significantly you’re not likely to experience that. Some things you know best by experiencing them; hearing about them, being warned about them, is a start, but sometimes you don’t really know [Read more]
Diary of a Mad(Natural Gas Producer)man
With all due respect to Ozzy Osbourne, a guy that lived the rockstar life; who drank enough alcohol to float an aircraft carrier; who took enough drugs to stun a small nation; who survived all that, raised a family, survived to age 76/counting, and is worth $200 million…that’s not a madman. That's genius. Well played, sir. The story of natural gas markets and producers, on the other hand, can righteously lay claim to the title. Don’t take my word for it. Have a look at this chart that [Read more]
2024 is going to give us all PTSD
The lazy days of summer serve a useful purpose. A few weeks away from everything clears the head, if one can escape the global cacophony. It works. Try it if you can; declutter the mind, step out of the fray. Upon returning, it seems possible to see the forest instead of the trees, to rejoin the info flow gradually from a disconnected, higher level. Personally, it also helps to get disconnected from the energy world as well, and to travel to places far removed from the energy epicentre to [Read more]
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