Energy markets are changing faster than at any time in history. It’s hard enough just to keep up with what’s happening today, much less try to anticipate what’s ahead on the other side of COVID. But that’s exactly what we’ll be doing next week at RBN’s Virtual School of Energy. More than one-third of the curriculum is a detailed review of RBN’s hot-off-the-presses forecasts for all the essential elements of U.S. crude oil, natural gas and NGL markets, including our freshly updated outlooks for production, infrastructure utilization, exports/imports and demand. Better yet, we’ll put these forecasts in the context of our fundamental analysis and models, so you can not only understand where it looks like we’re headed today, but gain the skills to adjust your outlook on the fly as circumstances change. Although this blog is an advertorial, stick with us if you would like to know more about how the RBN crystal ball works.
In the blink of an eye, global demand for crude oil has fallen by 20-25%, with knock-on effects on natural gas and NGL markets. Commodity prices are down sharply. And flows through all manner of energy infrastructure are soon to be slashed, including gathering systems, processing plants, pipelines, fractionators, refineries and export docks. Just a few weeks ago, energy markets were all about supply — too much of it in the U.S., which needed exports to balance the market. Now, it’s all about demand — nowhere near enough of it, and no clear indicator yet of how soon or how quickly it might rebound. That means that new and legacy infrastructure projects will be battling for throughput volumes. Some projects that were critical to the supply chain as recently as January and February are on their way to becoming redundant.
In extraordinary times like these, it’s critically important to have a deep understanding of energy-market fundamentals. And that is what RBN’s School of Energy (SOE) is all about: diving deep into how energy markets work and energy commodities interrelate. And this time, just like we did back in 2017 after Hurricane Harvey, we are “going virtual.” Which means that not only can you attend the live conference online in real time on April 14-15, asking questions as we go, but after the conference, all the materials are available for replay, in whatever order you choose. So you can view the modules you want during the online sessions and go back to look at any other modules after the fact. That way you can view the sessions that are of most interest to you RIGHT NOW!
About the song
"Things That Matter" was written by Gary LeVox, Neil Thrasher and Michael Dulaney, and appears as the seventh track on Rascal Flatt's sixth studio album, Unstoppable. "Things That Matter" was released as a digital single in March 2019, before the album's release. Personnel on the record were: Gary LeVox (lead vocals), Jay DeMarcus (bass, background vocals), Joe Don Rooney (lead guitar, background vocals), Shannon Forrest (drums), Eric Darken (percussion), Paul Franklin (steel guitar), Gordon Mote (piano), Adam Shoenfeld (electric guitar), Ilya Toshinsky (acoustic guitar) and Jonathan Yudkin (mandolin).
Unstoppable was recorded in Nashville, with Dan Penn and Rascal Flatts producing. Released in April 2019, the album went to #1 on both the Billboard Top Country Albums and Billboard Top 200 Albums charts. It has been certified Platinum by the Recording Industry Association of America. Four singles from the album charted on the Billboard Hot Country Songs Singles chart.
Rascal Flatts is an American country band formed in Columbus, OH, in 1999 by Gary LeVox, Jay DeMarcus and Joe Don Rooney. They have released 11 studio albums, two live albums, five compilation albums, three EPs and 37 singles. The band has had 14 #1 singles, and has sold more than 27 million records worldwide. They have won nine Academy of Country Music Awards, five American Music Awards, one BMI Award and seven Country Music Association Awards. In January 2020, Rascal Flatts announced it would begin their farewell Life is a Highway tour in July 2020, though that is now subject to change due to COVID.