1/ On President’s Day, we reflect on the legacy of the world’s most powerful public office. And with the recent changing of the guard in the Oval Office, many of our investors have been left wondering what the incoming Biden administration means for the #oil and #natgas industry. 2/ However, history shows that, despite the power of the Presidential office, the energy cycle often operates independently of the political cycle. Older generations might recall that the energy politics of yesteryear centered around achieving American “energy independence.”

Arctic blast fueling record electricity demand in Texas, just as wind generation falls due to frozen turbines. Fortunately, #natgas is picking up the slack, for now... but Texas Energy regulator ERCOT warns that gas supplies are running thin. ercot.com/news/releases/… From ERCOT: "...we are dealing with higher-than-normal generation outages due to frozen wind turbines and limited natural gas supplies available to generating units. We are asking Texans to take some simple, safe steps to lower their energy use during this time."