The energy industry is evolving rapidly, spun forward by a wide range of forces: a pandemic and its aftershocks, tensions with China, a land war in Europe and a push to decarbonize, to name just a few. What’s emerged in the last couple of years is an industry starkly different than the one that existed before. Every link in the value chain — from the producers upstream, to midstreamers, to the refiners and exporters downstream — has had to drastically adjust their strategies and, if anything, these changes have only intensified the connectivity across the markets for crude oil, natural gas, NGLs and refined products. It has underscored the need for industry participants to see and understand those links and how they impact their businesses. There’s a lot at stake. The energy industry of the mid-2020s — yes, we’re already in the middle third of the decade! — is vastly different, and so are the challenges, as we examine in today’s RBN blog.
Warning: Today’s blog is, in part, an advertorial for our upcoming School of Energy, which will be held in Houston in September.
Across the energy landscape, from oil to gas to NGLs to products (renewable fuels too!), commodities and markets are more interconnected than ever before. Domestic crude prices, which are top of mind for oil and gas firms planning future production, are joined at the hip to international markets through surging exports and a WTI now included in the international Brent benchmark. What happens in crude-focused production basins like the Permian will have far-reaching effects as growing volumes of associated natural gas flow through new processing plants and natural gas takeaway pipelines to Gulf Coast LNG export markets, which will see another stair-step up in capacity as early as next year.
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About the song
“Join Together” was written by Pete Townshend. The song was originally intended to be a part of The Who’s Lifehouse project, an unfinished science fiction rock opera that Pete Townshend was writing as a follow-up to Tommy. Recorded at Olympic Studios in London in May 1972, “Join Together” was released as a single in June 1972. Produced by The Who with Glyn Johns, it went to #17 on the Billboard Hot 100 Singles chart. The song has been included in several Who compilation albums, beginning with the Hooligans double hits album released in September 1981. Personnel on the record were: Roger Daltry (lead vocals, harmonica), Pete Townshend (guitar, synthesizer, Jew's harp, backing vocals), John Entwistle (bass, backing vocals), and Keith Moon (drums).
Hooligans is a double compilation record of hits from The Who running from 1964 to 1978. Released in September 1981, the LP went to #52 on the Billboard 200 Albums chart and has been certified Gold by the Recording Industry Association of America.
The Who are an English rock band formed in London in 1964. Its core lineup was Roger Daltry on lead vocals, Pete Townshend on guitar, John Entwistle on bass, and Keith Moon on drums. They are considered by many to be one of the most influential rock bands of the 20th century. They have released 12 studio albums, 16 live albums, four soundtrack albums, 27 compilation albums, four EPs and 58 singles and have sold over 100 million records worldwide. The Who are members of the Rock and Roll Hall of Fame and UK Music Hall of Fame, and are the recipients of a Lifetime Achievement Award from the Grammy Foundation. Roger Daltry and Pete Townshend received Kennedy Center Honors as members of The Who in 2008. Daltry and Townshend have both released solo albums over the years, and both continue to record and tour as The Who. The Who are currently on the road with The Who Hits Back! tour in the UK.
