As the Texas legislature barrels ahead with remedies for preventing deadly blackouts like those that swept the state in February, we still can’t pinpoint the exact points of failure on the Texas power grid and natural gas system. New revelations by ERCOT suggest that early assessments were incorrect. As the facts continue to emerge, we suggest a few market design remedies to improve weatherization incentives. Continue Reading
The U.S. oil, gas and coal industry largely rose and fell based on global economic and energy market conditions rather than federal energy and environmental policies implemented by the Trump administration. As the world recovers from the COVID-19 pandemic, we expect markets to continue to shape the future of the oil and gas industry. Continue Reading
For oil markets the 2020 story is not as much about supply as it is about demand, or rather its lack. But is also about the high level of uncertainty, which makes forecasting a daunting task. Hence, rather than trying to give a forecast, we want to highlight what to look for as this pandemic progresses, recedes, or oscillates. Continue Reading