Super-Spiked Videopods (EP53): Structural Macro Drivers Transcend Elections

WATCH the video on YouTube by clicking the RED button above.LISTEN to audio only via the Substack player by clicking the GREY button above.STREAM audio only on Apple Podcasts, Spotify, or your favorite podcast player app.DOWNLOAD a pdf of the slide deck by clicking the blue Download button below. We recorded this video podcast with a little less than a week to go before the November 5 US elections. We are seeing a lot of punditry commentary about what choosing one side or the other would mean for this policy or that sector and who will be the winners and losers depending on the outcome. We get it. There are differences between the parties, their areas of emphasis, and their rhetoric. But when it comes to the big picture outlook for the energy sector, we want to remind everyone that the structural macro trends unquestionably transcend micro politics. This is something we wrote about in our July 27, 2024 Super-Spiked, Does the US president’s party impact the energy macro results? (here). At a high level, the answer is a firm “no.”Clearly individual companies and specific projects can be impacted as we have seen via the lack of approval for various pipeline projects or the LNG permit pause or the granting of tax credits to various new technologies. So yes, a specific company can be impacted by who wins. But at the big picture level, we believe the mega trends triumph over micro politics. Moreover, as we will show with the last 2 elections, various sectors did not perform as conventional wisdom expected.🔔 4 Ways to Subscribe* All Content: If you subscribe to Super-Spiked via email, you will receive all content to your inbox and it is also all on the Super-Spiked website. I have been aiming to publish about once a week, usually on Saturday.Subscribe to Super-Spiked to receive all content via email and directly interact with me. Also available at https://veriten.com.* Veriten: You can now also subscribe to Super-Spiked content via the Veriten website (here) and also receive Veriten’s flagship COBT video podcast.* YouTube channel for video only: You can subscribe directly to the video feed ofSuper-Spiked Videopods on my YouTube channel Super-Spiked by Arjun Murti.* Apple Podcasts, Spotify for audio only. You can subscribe directly to the audio only feed on Apple Podcasts, Spotify or your favorite podcast player app. The podcast is simply the audio for the YouTube videos.⚖️DisclaimerI certify that these are my personal, strongly held views at the time of this post. My views are my own and not attributable to any affiliation, past or present. This is not an investment newsletter and there is no financial advice explicitly or implicitly provided here. My views can and will change in the future as warranted by updated analyses and developments. Some of my comments are made in jest for entertainment purposes; I sincerely mean no offense to anyone that takes issue.📜 Credits* Intro & Outro music: Wolf Hoffman: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.* This episode of Super-Spiked Videopods was edited and produced by Veriten Productions. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit arjunmurti.substack.com