Whenever anyone scopes crypto, the comparison is always the power consumption of country X, which I find to be esoteric. It is helpful for me to think about it differently: -77 TWh is taking 9 big (possibly coal-fired) power plants running year round offline.

China is the world's largest importer of crude, gas, & coal. Its imports of all 3 have dropped notably YTD: crude (-5%), gas (-11%, -23% LNG), and coal (-22%). Where would prices be if these numbers were flat? If the world doesn't freeze this winter, it may have China to thank.

The biggest challenge of the energy transition is that total energy demand growth remains faster than clean energy supply growth. Most of the focus is on clean supply while demand growth quietly churns in the background.

It was fun working on this project with the @SPGCI and @SPGCIEnergy teams. Stay tuned for the rest of the top 5.

It was a pleasure to talk about COP on the Future Energy pod. There are a lot of reasons to be pessimistic about COP this year, and there is a real risk it will move toward irrelevance in a fractured world.

With coal prices where they are, I don't know if you can call this a zag, but potential financial returns are hanging there for coal producers to expand capacity. With some mines having multi-decade lifespans, how worried are producers about stranded assets?

Why is EU_Eurostat's website so difficult to use, and why is it so hard to extract basic data in a tractable form? If there was an award for worst statistics portal in the world, Eurostat would be the clear winner

‘Will COP remain relevant?’ is one of seven key themes explored in the latest @SPGCI Future Energy Outlook report previewing the United Nations’ COP27 Sharm el-Sheikh Climate Change Conference of Nov. 6-18 in Egypt. See:  okt.to/nsTP7E

Evergreen headline.

@SPGCI's Dan Klein (Dan Klein) to a media briefing: China’s COVID policy is the key factor for global energy demand in 2023; China’s total energy demand likely to rise by 3.3 million barrels of oil equivalent per day, or 47% of world energy demand growth in 2023.

2023 #Energy #Outlook, as discussed by @SPGCI analysts discussed w/ Houston Chronicle's Amanda Drane 🦋 -- be it China's Covid policy, world's need for US #shale & nat gas, fossil fuel needs or pressures on #petrochemicals. See okt.to/8X9vOr

I would bet that coal will peak this decade (prob in the next two years), and would place even money on oil peaking before 2030, but peak natural gas in the next decade is the longest of longshots.

The US economy: - GDP growth 5.2% - Inflation zero last month - Wage growth remains robust - Strongest recovery in G7 - Lowest uninsured rate in US history - Median wealth up 37% 2020-2022 - Dow nearing all-time high Well done all. More 👇 hopiumchronicles.com/p/the-economy-…

"Energy demand searching for a new normal but will be hard-pressed to find it". What are the top themes to watch out for in the energy sector in 2024? Dan Klein @SPGCI speaks to @parikshitl at 5:15pm

This is my favorite report of the year to be a part of. Always a fun exercise to think about what items should make the cut.

The next level of Jones Act insanity will be reached when this LNG tanker is added to the US-flagged fleet, but transporting 🇺🇸 LNG to the Northeast and Puerto Rico remains impossible due to the vessel being foreign-built (in NATO ally France). Because national security.