Long-Takes From The Road: Terminal Value
This week we want to address a comment we received at an event last weekend about how we think about terminal value in especially the legacy areas of energy; we will add coal and copper to that list.
Undisruptable: Oil, Natural Gas, Coal, Copper, and Critical Minerals That Underpin A.I. and Geopolitical Competition
As software goes from eating the world to destroying coding jobs and potentially rock star SAAS (software-as-a-service) companies, we are seeing the wider world waking-up to our corollary of the great thematic from Marc Andreessen.
Long-Takes From The Road: FAQ On “Take Risk”
We are still in road warrior mode, having only been at our primary residence for 13 of the first 45 days of 2026.
Picture Show: AI to Power To Metals to Oil?
This week we have some fun with some Bloomberg pictures we created that highlight the information one can sometimes glean about traditional energy from other commodity markets like copper and other metals and minerals.
Long-Takes From The Road: Taking Risk
We are just back from nine days on the road across the western U.S. and British Columbia.
Top Ten Tactical Predictions for 2026
This year we adjust the approach to our tactical calls to be as much about what we think the most important areas to watch are and which tie into the longer-term mega themes we wrote about in the January 10 post.
Geopolitical Pragmatism and Crude Oil Markets
2026 kicked off with the dramatic news of the U.S.’s incursion into Venezuela and capture of its president Nicolas Maduro.
Big Themes for 2026: Up and To The Right
We kick off the year highlighting the Big Themes we expect to dominate the year ahead.
Good Call-Bad Call For 2025 Tactical Questions
Last week’s video podcast was a look back on our Big Themes for 2025 that we highlighted in January.
A Look Back On Our “Big Themes for 2025”
In this week’s video podcast we take a look back at the major themes we highlighted at the start of this year in a written post on January 11, 2025