Today we had the honor and pleasure of hosting U.S. Congresswoman Lizzie Fletcher (D-TX). Representing Texas’s Seventh Congressional District – in the greater Houston area which many of us call home, Congresswoman Fletcher is committed to bridging the toxic hyper-partisan divide that puts blind politics ahead of common-sense solutions we can all get behind for the advancement of freedom and happy growth in our world. We commend her positive and collaborative spirit. We had a terrific visit and touched on her constituents’ biggest priorities, the enthusiasm behind the quest for Houston to be a leader in the carbon capture space, specific priorities for a large infrastructure (“it’s investment not spending”), and more.
With us also today is Bobby Tudor, Chairman of TPH, and former Chair of the Greater Houston Partnership, an organization devoted to finding non-partisan solutions to society’s most pressing problems. Bobby will not be happy with me for flagging that the esteemed Financial Times of London in an article earlier this week applauded his own efforts to find the right balance between environmentalism and energy in all its forms. The article quotes, “If Houston wants to continue to be the world’s leading energy capital, then it’s going to need to be a leader in the newer forms of energy.”
To launch our conversation, Matt Portillo, head of TPH Research, echoed Bobby’s sage point with hard data. Fresh from the conclusion of today’s TPH Carbon Capture, Utilization, and Storage virtual conference, he shared the attendance stats. The conference attracted more than 500 attendees, including senior guests from the world’s most prominent technology companies and entrepreneurial private equity funds. Additionally, Mike Bradley provided a recap on WTI since last week’s COBT, how energy equities performed over the last week, and looked ahead to oil service earnings starting next week. Colin Fenton situated data from the June US CPI report versus global economic activity by month to prove definitively that a new and durable inflation regime has arrived, even as separate and “transitory” pandemic effects wear off.