Energy, Populism & War with Doomberg

I recently had another chance to talk to Substack’s No. 1 financial commentator, Doomberg, as he dialled in from his chicken coup in flyover country.

It has been some 15 months since we last spoke, a time when Rishi Sunak was Prime Minister and Joe Biden was President.

Much has happened subsequently in areas of energy policy, energy markets, politics, and global trade and conflict. And I was keen to catch up.

Doomberg utilises his expertise in understanding our fundamental and complex energy requirements and how they impact the broader macro and geopolitical landscape. And, as usual, he does not pull any punches in his well-reasoned views.

We discuss the rise of populism and the long-term outlook for energy supply and demand. In particular, how the additive energy requirements of AI might counterintuitively lead to much lower oil prices. It’s all to do with the unique economics of US shale and AI’s enormous demand for US natural gas.

Doomberg also offers a no-holds-barred view of the outlook for post-Ukraine war Europe, including the need for political realignment and an explanation of why sanctions fail.

Whatever you think of his views, it is hard to fault the reasoning of his logic, but of course, none of what you hear is advice of any kind and is only for your information and entertainment. As always, you should take personal financial advice prior to investing a penny of your money into these crazy markets.

And with that, please enjoy my conversation with the green chicken, Doomberg.

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