Super-Spiked Podcast

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Super-Spiked is not a political podcast and you all know we despise partisan politics as a subject. But it has been a pretty big stretch of elections over the past few weeks, most notably in the U.S., but also Brazil and British Columbia. As always, we will aim...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

Oil markets are again trading the $100/bbl level. We’ve been here before including at the height of the COVID recovery and start of Russia-Ukraine in 2022-23. The point of this week’s post is to assess where we are in the current macro era toda...

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A recurring theme from many of our recent meetings and engagements is around the role of China in energy markets going forward. Here are nine China-related thoughts in the context of our Geopolitical Super Vol macro framework.

* China’s massive trade surplus with the rest of the wo...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

One of our core Super-Spiked themes since inception nearly five years ago has been the idea that companies in deeply cyclical commodity sectors should aim to have a fortress balance sheet, and that you run the business to ensure that you can not only survive...

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This week we have a twist on our Q&A styled commentaries, which we are calling “Good Call or Bad Call.” We focus on oil markets with four topics to go through. The point of the post is to shed light on signal from noise and when to push back...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript using the blue Download button below.

It’s a heavy travel week so this is going to be a quick audio only commentary. On Veriten’s Close of Business Tuesday podcast this past week, we had oil industry veteran Scott Sheffield on to discuss his new memoir, “From Tehran to the Permian” (here). Scott of course w...

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

We provide takeaways following a number of New York City Climate Week events we attended this past week. We are going with an optimistic take directed at those of you that place a high priority on addressing carbon emissions: in my 34 year career...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

We have been presenting “A View From Wall Street” at the annual Oxford Energy Seminar since 2006. The seminar brings together around 50 “next generation” leaders at national oil companies, Western majors, refiners, and various government agencies from around the world. The opportunity to join this esteemed gatherin...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

We are back after a 2-week end of summer hiatus. We hope everyone had a great summer and is ready for Fall. Our Fall kickoff starts with a look back at our first Super-Spiked post his year titled Big Themes for 2026: Up and To The...

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We have another audio only post as we enter the final stretch of summer. Our next episode will most likely be the Saturday following Labor Day. This week we want to share various observations about the energy macro, policy, and corporate strategy—the core topics we focus on with Su...

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We have an audio only post due to some travel this week. One of the best parts of not being a covering equity analyst anymore is not having to process the deluge that is quarterly earnings season. But we have kept the discipline of reading transcripts for a wide...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript using the blue Download buttons below.

It is now August, the last month of summer, and we are planning a series of shorter “mini-dives” that offer insight into our major themes and in some cases, like this week, push back on some of our own biases and perspectives. By now our disdain is well known for...

We are now recording an audio version of written posts that we will upload to Apple, Spotify, and YouTube, which you can listen to by clicking the play button above.

We conclude our month long series on Strait of Hormuz (SoH) Crisis takeaways with a look at what this conflict means for the related topics of sustainability, climate, and the environment.

Three key messages this week:

* Many proponents and opponents of “Net Zero” are drawing the wrong conclusions about what this war means for different energy sources and technologies. Energy’s natural hierarchy of nee...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

We continue our July series focused on Strait of Hormuz Crisis takeaways with a focus on energy and power sub-sector stock performance. We take a look back at growth and profitability since 2021, which has yielded some surprising results and areas for improvement.

Our...

We are now recording an audio version of written posts that we will upload to Apple, Spotify, and YouTube, which you can listen to by clicking the play button above.

We continue our SoH (Strait of Hormuz) Crisis Takeaways series with a check-in on our Obliterating Peak Oil Demand theme that rejects the idea that anyone can know today what decade let alone year oil demand will ultimately peak and subsequently plateau or decline. We have yet to see a scenario from major agencies, banks, or consultants that solves for everyone on Earth some day becoming energy...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript using the blue Download button below.

We are back from a week off celebrating America’s 250th birthday and ahead of some upcoming travel over the remainder of July. We are planning to do a series of videos over the next few weeks on our takeaways at this juncture of the ongoing Strait of Hormuz Cr...

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

This week we are starting a new series that we’ll do on occasion we are calling a sentiment check as way to talk about hot button issues we are getting questions on. As always, our aim is to provide longer-term perspectives and not hot ta...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

This week we provide our latest thoughts on the Strait of Hormuz Crisis and the news of a “peace deal” having been reached between the U.S. and Iran. We recorded this on Wednesday, June 17, two days ahead of the expected signing on Friday, June 19. We t...

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

A few oil macro oriented thoughts today following an interesting week that started at a fuels distribution conference in Las Vegas just prior to last weekend and ended in Vienna on Monday at the OPEC Secretariat where I moderated one of two non-OPEC supply outlook...

We are now recording an audio version of written posts that we will upload to Apple, Spotify, and YouTube, which you can listen to by clicking the play button above.

As the Strait of Hormuz (SoH) Crisis completes its third month and on-again/off-again peace talks drag on, we are starting to see the outlines of various structural themes emerging, and, as importantly, some that are not. Thematically we see the following:

* Power Surge! Our Power Surge! super-cycle theme has not only not been knocked off track by the SoH Crisis, but has likely been...

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DOWNLOAD a pdf of a moderately edited transcript using the blue Download button below. There is no PowerPoint slide deck this week.

This week we introduce the topic of how to think about energy equity valuations given a Geopolitical Super Vol macro backdrop. Traditional valuation metrics like EV/EBITDA are likely to prove especially unhelpful at a time of major geopolitical uncertainty and...

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

This is the 100th Super-Spiked video podcast. We’ve also had an additional 114 written posts that for no obvious reason we account for with its own numbering system, a point that we are sure is of interest to no one and we will merge going fo...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

This week we have some quick comments on a trio of topics including (1) macro risk/reward at the two-month anniversary of the Strait of Hormuz being closed, (2) UAE’s decision to withdraw from OPEC, and (3) the attractiveness of Canada for energy investment. All these themes fi...

We are now recording an audio summary of written posts that we will upload to Apple, Spotify, and YouTube and you can listen to by clicking the button below.

This week we expand on the Energy Technology component of our Geopolitical Super Vol framework we introduced last week (here). The massive unmet energy needs of the other seven billion people on Earth were already driving investment in new energy technologies in particular for countries not blessed with sufficient domestic resources like crude oil, natural gas, or coal. A backdrop of structurally increased geopolitical uncertainty and turmoil, in...

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.

As we teased in last week’s video, we want to expand on the evolution of our Super Vol commodity macro framework to explicitly rebrand it Geopolitical Super Vol. Since Russia-Ukraine, we have resisted the super-cycle framing that we think implies a smoothness to an up...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using the blue Download button below. There is no power point slide deck this week.

For the past month we have been recording these videos several days in advance of publication and repeating the line that we hope peace will have been declared and the Strait reopened by the time of Saturday publication. Today the...

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STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using the blue Download button below. There is no power point slide deck this week.

We spent the past week in Houston at the always great CERAWeek conference hosted by S&P Global. On behalf of all my colleagues at Veriten, a big thank you to Dan Yergin and the entire S&P Global team...

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We recorded this video podcast on Wednesday, March 18. This week we address five questions that have arisen regarding our views on the potential long-term impacts of the war in Iran.

* Does our Super-Spike oil demand destruction framework need adjusting for an abrupt geopolitical...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript and the slide deck using the blue Download buttons below.

We recorded this video podcast on Wednesday, March 11. As we think everyone...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using the blue Download buttons below.

We are coming to you from Houston following my participation earlier this week at the Aspen...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using the blue Download buttons below.

We would encourage those of you that only listen to or watch the video podcasts to...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using the blue Download buttons below.

We are still in road warrior mode, having only been at our primary residence for 13 of...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript and the slide deck using the blue Download buttons below.

This week we have some fun with Bloomberg pictures we created that...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript and the slide deck using the blue Download buttons below.

We are just back from nine days on the road across the...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript and the slide deck using the blue Download buttons below.

2026 kicked off with the dramatic news of the US’s incursion into Ve...

For Super-Spiked subscribers that prefer that written posts, we have included a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript and the slide deck using the blue Download buttons below.

Last week’s video podcast was a look back on our Big Th...

For Super-Spiked subscribers that prefer that written posts, this week we are including for the first time a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using blue Download button below.

In this week’s video podcast we take a look back at...

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We are coming to you this week from the Middle East. We are in the middle of a great trip that has been put together by the Center on Global Energy Policy, where we are an advisory board member. As of this recording, we have spent time in Abu Dhabi, Dubai, and Riyadh, with 2 more stops still to come. We are going to have to...

For Super-Spiked subscribers that prefer that written posts, this week we are including for the first time a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

WATCH the video on Substack by clicking the play button above or on YouTube (here).

STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.

DOWNLOAD a pdf of a lightly edited transcript using blue Download button below.

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In last week’s Super-Spiked (here), we wrote about Power being the third super-cycle in our lifetime. In this week’s short video podcast, we wanted to share some thoughts on how the early days of the China-BRICs expansion compares and contrasts with the current AI-driven mania and its impact on power markets. We are calling this “Then and Now” with the aim of trying to take the best lessons from the last super-cycle so we can be better prepared and hopefully do a better job navigating the current one. We have five points to make:

(1) Global GDP acce...