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This week we continue our series of "30 Years of Perpetual Transition" with a focus on how various energy sectors and business models have evolved. As a reminder, we recognize the term "energy transition" has become a loaded term, which most people now take to mean the idea that the world will be transitioning away from fossil fuels to renewables, over some arbitrarily short time frame like by 2050. We do not agree that this version of “energy transition” is on-track to happen or that it would be desirable from a human prosperity standpoint.
But that does not mean nothing is changing. In fact, over the course of our 30-year career a ton of stuff has changed. Last week we focused on the energy macro with a closer look on big changes to the relative importance of various regions to oil demand (here). This week we will take a look at the major energy sub-sectors and give examples of how business models and risk taking have evolved.
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⚖️Disclaimer
I certify that these are my personal, strongly held views at the time of this post. My views are my own and not attributable to any affiliation, past or present. This is not an investment newsletter and there is no financial advice explicitly or implicitly provided here. My views can and will change in the future as warranted by updated analyses and developments. Some of my comments are made in jest for entertainment purposes; I sincerely mean no offense to anyone that takes issue.
📜 Credits
Intro & Outro music: Wolf Hoffman: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.
This episode of Super-Spiked Videopods was edited and produced by Veriten Productions.
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