Name: An update on Energy Infrastructure, Ep #76
Uploaded: 2025-11-28T04:00:00+00:00
Duration: 51 min 24 s
Description: Is the energy transition really leaving oil and gas behind, or is the story more complicated? In this episode, Emerson sits down with Simon Lack, CFA, Managing Partner at SL Advisors and veteran of mo

2 months ago

Finance & Crypto

Is the energy transition really leaving oil and gas behind, or is the story more complicated? In this episode, Emerson sits down with Simon Lack, CFA, Managing Partner at SL Advisors and veteran of more than four decades in investment management, to unpack what is actually happening inside the midstream energy space.

Simon draws on his experience as an investor, author, and board member of the CFA Society in Naples, Florida to walk through the history of MLPs, the painful reset after 2014, and why he believes natural gas and energy infrastructure are positioned to be long term winners in a world hungry for power, data, and reliability.

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LISTEN IF YOU ARE INTERESTED IN…
00:00 Why energy infrastructure still matters for retirement income.
05:00 The shale revolution, overbuilding, stranded assets, and the downturn into 2015.
11:30 Three major headwinds, energy transition fears, overbuild, and the pandemic washout.
15:00 Why Simon prefers natural gas over oil and why coal to gas was the real emissions win.
19:00 LNG exports, global gas price gaps, and America’s edge in cheap energy.
23:00 AI, data centers, and why 24/7 power demand points straight back to natural gas.
34:00 Pipelines as toll roads, inflation linkage through regulated tariffs, and protecting purchasing power.
39:00 The limits of solar and wind, the case for nuclear, and the reality of global energy demand.
43:00 EVs, range anxiety, and why the United States is a tough market for full electrification.
46:00 Simon’s philosophy for owning midstream as a long term income and value play.
47:30 How an FX and hedge fund background led Simon into the midstream energy niche.