SSNLF - U.S. And Global Energy: Macro Themes Tech And Infrastructure

2024-02-01 13:57:37 ET

Summary

• Energy, fundamental to economic activity and higher standards of living, is being politicized, particularly LNG.
• The US plays a significant role in global hydrocarbon production, and the Saudi decision to throttle back oil production signals a price floor.
• The energy transition is proceeding much slower than policymakers hope for, and they lack a market-economic perspective, slowing things down further and creating unnecessary volatility.
• Infrastructure plays, which broadly include technology angles, offer a different way to capture energy and innovation trends.
• Geopolitics is an under-appreciated top risk, overlaying energy, onshoring trends, and trade routes.

Energy is fundamental - and supports a better standard of living and activities that advance an economy. It literally moves things forward. Unfortunately, right now, it is being politicized. In a recent interview, we delve into learnings of the last year, including takeaways from numerous events, conferences, and my work. We then pivot to investment thoughts, covering energy and "transition" developments....

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