Podcast: Dunkelflaute and other market mysteries
Released earlier for Energy Aspects subscribers, EA Founder and Director of Market Intelligence Amrita Sen met with Jeff Currie on 31 January.
The key points of discussion were:
- Jeff is still bullish oil, but he doesn't believe flat price will necessarily reflect the bullishness because there is no leverage in the system and trading has not made money in the last few years.
- He believes the big rally in flat price in the mid-2000s was ultimately down to leverage.
- Jeff practises his German (can you say dunkelflaute?) while pointing out that policymakers are slowly realising the perils of having a renewable-only power grid.
- Jeff delves into US production and how he isn't seeing private equity money flow into the shale patch again.
Podcast recorded on 31 January 2025
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