We spent this past week in Houston attending CERAWeek 2024. It was another great event; thank you and congratulations to everyone at S&P Global for hosting and putting on a great show!

Coming out of last year’s event, our key theme was “The Energy Transition Needs To Transition” away from an obsessive focus on only counting carbon to one that centered itself around meeting the massive unmet energy needs of everyone on Earth with affordable, reliable, and geopolitically secure energy, which in turn would better enable environmental objectives to be met. A year later, we see “green shoots” that a healthier energy evolution era is emerging and that “The New Energy Transition Narratives” we discuss in this week’s videopod are increasingly aligned with our framing.

Energy demand is increasing nearly everywhere with all energy sources and a host of both traditional and new technologies. The developing world appears to be gaining confidence to go its own way, with diminishing western world influence. And the new trend of artificial intelligence (AI)driven power demand growth is waking the US up to the needs for an “all of the above” energy approach if we are to have reliable and growing power generation (see our post from last week, “Will AI Be Our Salvation To A Healthier Energy Evolution?”).

We see the potential for new business models, collaborations, and partnerships across energy value chains and between energy suppliers and users (Tech and Industrial sectors in particular) to be a likely future trend. It is about as interesting and dynamic of a period in the energy sector as we can remember over our 32year career.

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DISCLAIMER
My views are my own and not attributable to any current or past affiliation.

CREDITS
Intro & Outro music: Wolf Hoffman on Apple Music: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.

This episode of SuperSpiked Videopods was edited and produced by Veriten Productions.