Dan Pickering (Pickering Energy) - U.S. Shale, $90 Oil & The Strait of Hormuz

Dan Pickering, CIO and founder of Pickering Energy Partners, reflects on the evolution of the energy sector, tracing his entrepreneurial journey from the early days of the shale revolution to the current market landscape. The discussion centers on the impact of the ongoing Middle East conflict, which has significantly tightened global oil supplies and shifted market sentiment from bearish to bullish. While U.S. production remains resilient, the industry faces challenges in replenishing core inventory and navigating persistent investor apathy. Pickering highlights the growing importance of data centers as a long-term demand driver for natural gas and notes that Canadian energy assets are gaining renewed interest as U.S. shale matures. Ultimately, the industry must balance technological ingenuity with the realities of a more complex, capital-intensive environment to sustain production levels amidst ongoing geopolitical uncertainty.