Welcome back to The Situation Room. This week is all about what is happening at the Windsor Energy Consultation. I leave for London in a few days, and I’ve been preparing for the Consultation for the last several weeks. Only once a year does this caliber of energy experts and practitioners assemble.
Now, in the lead-up to the Consultation, I have five major questions to the folks I will be with at Windsor Castle. The following are the first three. If you’d like to read more, just click here to get access.
1. Will OPEC and Russia support additional cuts in crude oil production?
Leading up to the November 2018 sanctions on Iran, everyone was expecting a huge increase in oil prices. However, the opposite was true after Saudi Arabia and Russia increased their production in anticipation of a supply shortage.
Following this supply glut – during which oil prices plummeted – OPEC and Russia announced cuts in their production by 1.2 million barrels per day.
And now, additional cuts are up for discussion.
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2. How can the global push to renewable energy sources avoid the ceiling in usage forecast in the next few years?
Energy demand is rising by the year, and we’re going to have to meet it. Renewable energy is one of the fastest-growing sectors in energy. It’s predicted to provide nearly 30% of power demand by 2023, and to meet over 70% of global electricity demand.
However, in order to achieve this, our renewable energy infrastructure is going to have to bump up its game.
3. Has the position of state-supported Sovereign Wealth Funds in global energy investment declined?
Sovereign Wealth Funds are government-sponsored investment funds through which excess revenues are funneled.
SWFs have two fundamental purposes: They are either designed to protect against central budget shortfalls or provide sufficient finance for long-term national social interests (e.g., pensions, welfare safety nets, education, and infrastructure). The oil-based funds are dominated by OPEC countries.
But as with most things in energy, things are changing.
The Juggling Balls Are Shifting Once Again – And You Can Profit
Things are changing indeed.
I’ve made this comparison before, but the energy industry is much like a harlequin juggler. As he throws the balls in the air, one is in his hand, one is halfway up, and the third is high above his head.
None of these balls will stay in place, and they’re constantly shifting as the jester throws them.
This is how we can picture the energy balance.
While there is no “silver bullet” that will be the end of oil, other energy resources will come more into focus.
These days, besides renewable energy, there is another industry that’s overshadowing the rest.
And that is the liquefied natural gas sector, or LNG.
China is at the top in LNG demand, and this company is ready to give it to them.
Making its prospects sky high, and the profit potential even higher.
Just click here to learn more about this energy revolution.
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