US News and World reports talks to Benjamin C. Halliburton, CFA about Civitas (CIVI), Ovintiv (OVV) and Chesapeake Energy (CHK)

Building Benjamins

Benjamin Halliburton, chief investment officer at Building Benjamins, says the high price environment for oil and gas will last at least a couple of years. “Sanctions on Russia are not going away even when the war ends,” he says. “It takes years to plan and develop fields. The adverse regulatory environment on both drilling and pipelines is a deterrent to drilling and adds costs.”

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What the Fed’s ‘Quantitative Tightening’ Plans Mean

Building Benjamins

Roughly two years after it launched the biggest and broadest monetary-stimulus campaign in modern history, the Federal Reserve is in the process of withdrawing its support for the U.S. economy. The most delicate element of the plan is likely to be shrinking its record balance sheet — something that ended up roiling financial markets the last time policy makers did it. A road map for quantitative tightening, as it’s known, was released April 6, and policy makers have signaled it’s likely to begin in May.

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Powell: Fed will discuss speeding up bond-buying taper at December meeting.

Building Benjamins

• Federal Reserve Chairman Jerome Powell said he expects policymakers in December to discuss accelerating the timetable for the tapering of monthly bond purchases.
• Speaking before a Senate panel, he said tapering could wrap up “a few months sooner” than anticipated. That would open the door to interest rate hikes thereafter.
• Powell also said, “it’s probably a good time to retire” the word “transitory” to describe inflation.

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Smashing Atoms: The History of Uranium and Nuclear Power

Building Benjamins

• Incredibly energy-dense, with a single uranium pellet (~1g) being equivalent to 1 ton of coal, 120 gallons of oil, or 17,000 cubic feet of natural gas.
• Global energy consumption is expected to double by 2050.
• Nuclear power is greenhouse gas-free and has lower lifecycle pollution than even wind, solar, or hydro.

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