After talking with Vince Lanci
a while back, he said I should have Brynne Kelly on to talk about oil markets, and after the recent action in oil, I figured now was as good of a time as any. We talked about oil and natural gas, LNG, energy infrastructure, among other topics.Podcast Summary
Her view on owning energy equities, and why she prefers to get energy exposure directly through the commodities.
OPEC spare capacity as the overhang on oil markets for now.
Her thoughts on oil going negative in 2020, and how storage and infrastructure are a bottleneck for oil and natural gas.
How she uses the shape of the futures curve to gauge sentiment and positioning.
The regulatory risk for investing in energy infrastructure, and her thoughts on geopolitical risk.
Her time horizon with a typical trade.
LNG (liquefied natural gas), and why she’s skeptical that all of the planned projects will get built.
Why interstate pipelines won’t happen in this environment, and hydrocarbon infrastructure will not be brought online without a political change or significant crisis.
Book Recommendation: Short by Cortwright McMeel.
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