The Gregor Letter

Gregor Macdonald
economics of energy transition
Created 16 Nov 2018
  • Supply Lines II
    11 Oct 2021 • 10 min read
    Rodion Kutsaev via Unsplash European fossil fuel consumption has been in downtrend for over a decade. This long term decline is a useful fact in understanding today’s energy supply crunch on the conti...
  • Supply Lines I
    04 Oct 2021 • 9 min read • 4 0
    Aqueduct of Segovia There are good reasons to forecast that global oil demand has now entered a plateau. Let’s start with a big one: the peak in global sales of internal combustion (ICE) vehicles, set...
  • Dumb Growth
    20 Sep 2021 • < 1 min read • 1 0
    Although the US market for EV is far behind China and Europe, Q1 sales soared in California. The US EV market continues to be plagued by a lack of consumer choice, and production hiccups. GM’s ongoing...
  • Transition Pulls Ahead
    06 Sep 2021 • < 1 min read • 2 0
    The pace of the economic recovery slowed in late summer, extending the timeline of central bank intervention. Frankly, a moderate relaxation of demand pressure would not be unwelcome, at this point in...
  • Impressive Arrays
    23 Aug 2021 • < 1 min read • 2 0
    The robust effectiveness of solar power continues to baffle observers who’ve still not absorbed the technology’s unique edge. Neither dense nor powerful, solar technology captures diffuse energy and c...
  • Coal Case
    09 Aug 2021 • < 1 min read • 2 0
    Coal City Club in Coal City, West Virginia.1974. From the EPA Documerica Project, Photo by Jack Corn Global coal demand has finally started to move off its plateau, set originally during the peak of 2...
  • Last Dance for Oil
    26 Jul 2021 • < 1 min read
    Crude Oils exhibition, Banksy, London 2005 Last year’s dramatic decline in oil demand reveals where structural weakness and strength now reside in the global market. We’ve known for a decade of course...
  • Feel the Power
    12 Jul 2021 • < 1 min read
    Growth of fossil fuels in global power generation is probably over. This doesn’t mean that coal-fired and natural gas-fired capacity won’t grow in some regions. Nor does it mean that fossil fuel drive...
  • Time to Grow
    28 Jun 2021 • < 1 min read
    The Federal Reserve has deftly managed the pivot in the US economy, which is now poised to transition from a complex reopening phase to normal growth. In the future, we will probably come to regard th...
  • Work Matters
    14 Jun 2021 • < 1 min read • 1 0
    Oil prices remain quite firm, even as the international agencies gently dial back their demand forecasts. The price strength makes sense however, especially as we turn to the second half of the year. ...
  • View More on Substack »