What I Plan to Present to Energy’s Biggest Players at Windsor Castle: Part I

by | published March 3rd, 2015

Greetings from London!

I’ve made the trip “across the pond” to address the Annual Energy Consultation of the Windsor Energy Group (WEG).

This highly exclusive series of private meetings is held at Windsor Castle outside London, and features some of the most gifted and powerful energy minds in the world.

Once again, Marina and I will be taking you inside.

This is the seventh year I have addressed this high-level meeting. WEG was founded under a royal charter from Queen Elizabeth II, and the annual conclave occurs while the royal family is in residence at Windsor, the oldest inhabited castle in the world.

It brings together some of the major energy figures from six continents, along with policy makers, private sector leaders, and ambassadors.

As is custom, these discussions will take place under Chatham House rules. Those rules dictate that the conclusions and themes can be made public, as long as the opinions aren’t attributed to named individuals.

These rules allow for frank exchanges, which rarely happens at other high-powered gatherings.

These are the folks who will decide what the energy market looks like over the next 12 months.

And what I learn here will give us a rare (and profitable) peek into where the energy market goes from here…

A Dangerous Squeeze is About to Hit the Oil Patch

by | published February 26th, 2015

The collapse in oil prices has created a ticking time bomb in the energy markets.

You see, fueled by the market’s easy money policies, a big portion of the expansion in the energy markets has been financed with high-risk “junk” bonds.

According to the latest estimates, energy-related issuances now account for almost 15% of the total $1.4 trillion junk-bond market. That’s roughly $210 billion in high-risk debt.

As you might have guessed, the vast majority of these high-yield bonds were used to fund oil and gas deals.

Now a wave of credit rating downgrades is hitting the sector as oil prices reset at lower levels.

That has created a dangerous environment for both oil companies and bond investors…