The Unintended Consequences Of The EU Energy Emergency Plan

The Unintended Consequences Of The EU Energy Emergency Plan

This week saw the European Commission’s President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago. She proposed that governments impose a ceiling on certain energy producers’ revenues and add a windfall profit for Big Oil majors. Called “a solidarity contribution” or “a … Read more

Wall Street Is Increasingly Bullish On Energy Stocks

Wall Street Is Increasingly Bullish On Energy Stocks

Oil and gas stocks, the top performing equities in the S&P 500 index so far this year, have further room to rise as both retail and portfolio investors look to boost their exposure to traditional energy, expecting a worsening of the energy crisis and shortages of fuel this winter. Despite the market anxiety that soaring … Read more

EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis

EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis

The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to offset soaring household energy bills, a draft document circulating around Brussels indicates. The European Commission is expected to release the details of the draft proposal … Read more

Record US LNG Exports To Europe May Not Last

Record US LNG Exports To Europe May Not Last

The United States and its natural gas have been vital for Europe’s attempt to fill its gas storage ahead of this winter season. Yet record US LNG exports have led to a surge in domestic gas prices. The boomerang is coming back. When President Joe Biden promised the European Union there would be enough natural … Read more

Why Europe Won’t Exploit Its Huge Gas Reserves

Why Europe Won’t Exploit Its Huge Gas Reserves

As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious fracking debate is now re-emerging on the continent, led by a new British prime minister with fossil fuels on her mind. The European Union–which no longer includes the UK–plans … Read more

Europe’s Reaction To The Energy Crisis Is Turning Into A ‘Ponzi Scheme’

Europe’s Reaction To The Energy Crisis Is Turning Into A ‘Ponzi Scheme’

The leadership of the European Union has been hard at work these days, trying to find a lasting solution to an energy crisis that is worsening by the day. Yet the way they are approaching the solution is unlikely to produce any lasting results. And so far, it has been compared to a Ponzi scheme. … Read more

FAANG 2.0: The Energy Crisis Is Ushering In A New Era Of Growth Stocks

FAANG 2.0: The Energy Crisis Is Ushering In A New Era Of Growth Stocks

Over the past decade or so, investing in the US stock market has been pretty straightforward: buy the big names in tech, rinse, repeat. The famous quintuplet of Meta Inc. (NASDAQ: FB) (formerly known as Facebook), Amazon Inc. (NASDAQ:AMZN), Apple Inc.. (NASDAQ:AAPL) Netflix Inc.(NASDAQ: NFLX) and Alphabet Inc. (NASDAQ:GOOG)) (formerly known as Google) became so … Read more

Europe’s $280 Billion Support Package Could Make Energy Crisis Worse

Europe’s 0 Billion Support Package Could Make Energy Crisis Worse

Europe’s multi-billion government packages to support consumers amid soaring energy prices could only intensify inflationary pressures and burn through government finances as efforts to lower energy bills could make the energy crisis even worse, analysts tell Bloomberg. Governments in Europe have so far pledged a combined $279 billion (280 billion euro) to lower energy bills … Read more

Canada Set To Miss Out On A Massive LNG Opportunity

Canada Set To Miss Out On A Massive LNG Opportunity

Shortly after Russia invaded Ukraine in late February, dozens of Eurozone countries pledged to heavily cut Russian natural gas imports or halt them completely as soon as they could afford to. These countries took several aggressive measures to replenish their natural gas stockpiles ahead of the winter season, including reaching a political agreement to cut … Read more