Surging Natural Gas Prices, AI’s Power Play, and Evolving Tariffs

This month, Senior Portfolio Manager Rob Thummel breaks down the latest energy market shifts:Performance: Natural gas prices surged 30%, driving sector gains despite broader market declines.AI’s Energy Impact: Big Tech’s projected $300B in 2025 capex, with utilities forecasting long-term growth.Capex Trends: Big Oil majors plan over $100B in 2025 capital spending.LNG Boom: U.S. LNG exports expected to nearly double, securing America’s dominance in global energy markets.Quick Hits: Energy Transfer’s AI data center natural gas deal, Dominion Energy’s 88% surge in contracted data center capacity, and small modular nuclear reactors traction.Download Transcript