Bud Brigham

12.3K posts

Bud Brigham

Bud Brigham

@bmbrigham

Husband & Father, Energy Entrepreneur and Capitalist. Fighting for individual freedom = prosperity, for my children and posterity.

Texas Beigetreten Eylül 2012
3.6K Folgt4.8K Follower
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Eric Nuttall
Eric Nuttall@ericnuttall·
Energy investors should focus on what "the day after" looks like: the glut thesis is dead, the floor price is raised to $70-$80, the energy sector is now finally relevant to generalist investors, and security of supply trumps all else.
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National Center for Energy Analytics
AI is becoming an energy story. In @washingtonpost, @MarkPMills explains how data center demand is outpacing the grid—and why private power is emerging fast. This reality is highlighted in his recent NCEA research. We’re trying to build the most energy-intensive technology in history…on a grid that’s been optimized for something else. And when physics and economics reassert themselves, the costs show up fast. Read the op-ed: washingtonpost.com/opinions/2026/… Explore the full NCEA research: energyanalytics.org/the-rise-of-ai…
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Chamath Palihapitiya
We all know what some feel uncomfortable saying: Most taxes are WASTED. They are leaked and grifted into all kinds of programs that sound good on the surface. But that’s the lie that is told so politicians can take more of your earnings and dole it out to win votes and stay in power. But it also turns out that people aren’t stupid and know the game. So the states that admit this by breaking away from the hamster wheel of increased taxation are winning. While those who continue to try and sell the lie are losing. At the limit, those losing states are leaking so much revenue that they will eventually lose so much tax revenue as to be effectively insolvent. Remember this data is just from 2023…we are in mid 2026 so another two years of this trend is already in the books.
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Fmr. Rep. Jason Isaac
Fmr. Rep. Jason Isaac@ISAACforEnergy·
US energy works because it’s reliable. Yet, that reliability is now at risk as European courts challenge a US ruling holding Greenpeace liable for violent protests against Energy Transfer’s Dakota Access Pipeline that caused millions in damages.
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University of Austin (UATX)
University of Austin (UATX)@uaustinorg·
Readings to consider if you’re competing (or just love America): -The Declaration of Independence -Thomas Jefferson’s Letter to William Johnson (1823) and Letter to Henry Lee (1825) -Lawrence Reed, “America’s Republic: How the Great Experiment Came About (and How We Keep It)” and “Yes, America's Birthday Deserves to be Celebrated” -Roger Pilon, On the Moral Foundations of America -Kerry McDonald, “Why You Should Read ‘What to the Slave is the Fourth of July?’ to Your Kids” -Frederick Douglass, “Letter to His Former Master” -Barry Brownstein, “What Thomas Jefferson Meant by ‘The Pursuit of Happiness’”
University of Austin (UATX)@uaustinorg

Write on the Declaration of Independence for a $2,500 scholarship to UATX’s Summer Fellowship. Advanced high school and college-aged students eligible. Essays evaluated starting April 1.

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HFI Research
HFI Research@HFI_Research·
I don't think people realize how bad a crude export ban would be for US shale producers. Here's an illustrative example. Refinery throughput would remain depressed due to crude quality mismatch. All of the crude imports will come from Canada + some from Venezuela. US shale is now landlocked, so US commercial crude storage will build. US commercial crude storage will build so fast that it will force producers to shut-in production. This is NOT a scenario you want. If US commercial crude storage builds too fast, it will jam up Canadian crude exports. WCS-WTI differentials will widen, Canadian crude inventories will fill up. How is this good for anyone? Think!
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Bud Brigham@bmbrigham·
@WarrenPies @BAMcCown That would be a de-shoring of our energy manufacturing - advantaging foreign energy producers while disadvantaging US producers. Counter productive over the longer term, particularly given markets need price signals to drive costs lower over the longer term.
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Warren Pies
Warren Pies@WarrenPies·
U.S. oil export ban likely...especially once U.S. officials realize that if we export our SPR barrels they are likely to end up in China's SPR. W/o a corresponding product/gasoline export ban, then we run it back to pre-2015 days when domestic crack spreads blew out.
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Chuck Yates (He / His / Him)
Chuck Yates (He / His / Him)@nimblephatty·
NEW PODCAST - sat down with our AI engineer Jon Slo and chatting agentic architecture of AI systems. Spoiler alert: It’s freaking hard. But the pay off is huge. HUGE. Links below. @jonslominski
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Dan Pickering
Dan Pickering@pickeringenergy·
It is time to be more optimistic about oil markets and energy stocks. We've been quite bearish on near-term oil given increasing OPEC+ vols and oversupplied markets.  Shift isn't about recent spike in oil/LNG prices.  Rather, the events in Iran have changed the longer-term story.
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Giovanni Staunovo🛢
Giovanni Staunovo🛢@staunovo·
Oil demand forecasts in mbpd over time (IEA) #oott
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Humble Flow
Humble Flow@HumbleFlow·
An American President on the importance of courage and strength in defending civilization: “Christianity is not the creed of Asia and Africa at this moment solely because the seventh-century Christians of Asia and Africa had trained themselves not to fight, whereas the Moslems were trained to fight. Christianity was saved in Europe solely because the peoples of Europe fought. If the peoples of Europe had not possessed a military equality with, and gradually a growing superiority over, the Mohammedans who invaded Europe, Europe would at this moment be Mohammedan and the Christian religion would be exterminated. Wherever the Mohammedans have had complete sway, wherever the Christians have been unable to resist them by the sword, Christianity has ultimately disappeared. From the hammer of Charles Martel to the sword of Sobieski, Christianity owed its safety in Europe to the fact that it was able to show that it could and would fight as well as the Mohammedan aggressor. The civilization of Europe, America, and Australia exists today at all only because of the victories of civilized man over the enemies of civilization.” — Teddy Roosevelt
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Bud Brigham
Bud Brigham@bmbrigham·
Exquisitely stated
Handre@Handre

Ayn Rand understood something that most economists refuse to acknowledge: the moral case for capitalism isn't about efficiency or outcomes, but about human nature and individual rights. While Chicago School types fumbled around with utilitarian arguments and Keynes pushed his theft-based economics, Rand cut straight to the philosophical core. Her genius wasn't in economic theory per se, but in recognizing that economics flows from ethics. You cannot have sound economics built on the premise that some humans exist to serve others. The collectivist mindset that birthed central banking, progressive taxation, and the welfare state stems from the same moral rot: the idea that individual achievement is somehow a debt owed to society. Rand's critics—mostly government-funded academics and their useful idiots—love to attack her fictional characters while ignoring her central insight. Every economic intervention, from price controls to antitrust laws, rests on the premise that productive individuals have no right to the fruits of their labor. Every regulatory agency assumes bureaucrats know better than market participants how to allocate resources. But here's what drives the statists insane about Rand: she refused to apologize for success. While modern libertarians often accept the Left's moral framework and argue that free markets coincidentally help the poor, Rand said the quiet part out loud. Capitalism is moral because it rewards virtue—rationality, productivity, trade—and punishes vice. The Austrian School provides the economic framework, but Rand provided the moral foundation that makes resistance to state power philosophically coherent. Without that moral clarity, you end up with compromise, pragmatism, and eventually the acceptance of "necessary" government interventions that metastasize into the bloated surveillance states we inhabit today.

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Eric Nuttall
Eric Nuttall@ericnuttall·
We continue to face the worst energy crisis in history. Global production has fallen by ~7mm bbl/d while flows have fallen by ~15mm bbl/d. Even when the Strait eventually opens, the impacts will be enduring. Lifting of Russian sanctions have killed the “glut” narrative as sanctioned floating barrels will be quickly absorbed resetting balances. We expect at least a $10/bbl political risk premium to remain in place for some time raising the floor price to ~$70. When the market’s focus eventually shifts from geopolitics to fundamentals, the structural bull market that we have long championed will we believe become the new oil narrative later in the year, ultimately leading to all-time highs. Given all this, we view Canadian oil stocks to be in many cases severely mispriced.
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Gad Saad
Gad Saad@GadSaad·
There are two battlefields: 1) the kinetic war against the West, which Islam cannot win; 2) the non-kinetic war against the West, which Islam is winning. Islamic leaders, activists, politicians, and thinkers explained long ago that Islam will defeat the West in three ways: 1) by the womb of their women 2) via hijrah (migration), which the West is keen on helping via their orgiastic open borders policies 3) by using the West's miserable freedoms against us They have screamed this repeatedly but we refuse to listen because of parasitic suicidal empathy.
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Matt Gallagher
Matt Gallagher@MattG_PE·
Good quantification post by GS and @BrianSozzi this means we are at a minimum 135 million barrels disrupted. The entire global SPR release in 2022 was 300 million barrels and was a record. This is going to show up in physical markets in a big way in 21-30 days. And disruption continues even with E-W pipeline to the tune of 8-10 million barrels per day.
Brian Sozzi@BrianSozzi

Goldman Sachs: some oil is moving through the Strait of Hormuz

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