U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
Almost exactly a year from now, Americans will cast their ballots and vote for a President, doing so for the 60th time since 1788. The election process will kick off in earnest on January 15th when the Iowa Republican caucuses mark the official commencement of primary season. Right on time, says Goldman Sachs’ Chief U.S. Equity Strategist David Kostin, investors have started asking how the 2024 election will impact the stock market. Going by the history books, it’s not going to be a vintage year
U.S. LNG exports have enjoyed strong, bipartisan support stretching back to President Obama’s second term when LNG pioneers convinced then Energy Secretary Ernest Moniz to join them in a leap of faith to authorize long-term natural gas exports. Ernie and the entrepreneurs were right. As a result of the shale revolution, natural gas production has grown faster than consumption and the U.S. has been able to export the surplus gas via pipelines and LNG tankers.