YouSaid · the spoken record

Doomberg

lines on the record: 86
first: 2022-05-05
most recent: 2022-05-05
sittings or episodes: 1
sources: podcast

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“Which is fine. I mean, that's standard living. We are blessed in the US in particular to have a very high standard of living, predominantly because we produce an enormous amount of energy. So if there's no energy coming in, by definition, conservation is going to happen because you just can't create energy out of nothing. And so if they don't start paying for gas and rubles and Putin cuts them off as he's threatened to do and he isn't bluffing, which we don't think he is, then we're going to find out what demand destruction looks like. And one of the phrases that we've coined is the price elasticity of demand for energy is the price elasticity of demand for life. And who can afford to pay it is going to clear the market. And for us in the West until now, energy has been thought of as just another commodity. And when we flick the switch, the lights come on. When that's no longer the case, people with means will pay.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“How well it will be whatever Putin decides it will be, right? I mean, yeah, so energy is life. The human endeavor is a constant, unrelenting struggle against the forces of entropy. The literal definition of standard of living is how much energy you get to waste to impose order on your local environment. That's it. I mean, it sounds cold, pardon the pun, but you cannot impose order on your local environment without generating waste heat. And we wrote a piece all the way back in the beginning. Few people have read it called Wire Cows Sacred. And we basically explain how climbing Maslow's hierarchy of needs is basically a function of how much energy you get to waste as a human. And we waste a lot of energy here in the US. In the piece we talked about, what is the carbon footprint of the Super Bowl with all of the games and flying those players around and people driving to and from the stadiums and private jets of the Super Bowl? That's an enormous amount of energy that we use for entertainment.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Right. And because it's so volatile and it needs to be converted from one state to another, that's why you can get such a big discrepancy where it's six times more expensive in Europe than it is in the US. I want to ask a question about part of this European plan includes, so of that $15 billion hole, again, $5 billion comes from liquefied natural gas. You say it's not going to come for many years. One billion of it comes from energy conservation. To what degree, Doomberg is energy conservation just a euphemism for demand destruction? And do you think it could be larger than one billion?”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, that gasoline is distilled from oil and natural gas is the thing that comes into many of your homes through a pipe that gets burned in your furnace that heats your house. And it's also burned to create electricity. And it's also a key input into the production of fertilizers, which we can talk about and key chemicals like ethylene and propylene and the sort of seven or eight critical chemicals that make up all of the materials that surround you, including everything that in the room you're sitting in. These are really important input, natural gas. And gasoline is an entirely different thing.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“And so you have two jaws of arbitrage open here at the same time. You have Europeans paying much more than Americans and you have oil commanding a much higher price than natural gas. That correlation between natural gas and oil used to be pretty tight. And what happened is the shale revolution caused there to be more natural gas than we knew what to do with. And the correlation between natural gas and oil broke when that crisis occurred. And we had all this associated natural gas being produced and no place to put it. We believe now with this export capacity in place that that correlation is going to come back to the fault. And so there's two real big bullish undercurrents to US natural gas in our view. It's European arbitrage and the arbitrage with oil, and they're both pointing in one direction, which is higher. Now, whether $10 gas in the US or $15 gas”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Manufacturing industry is decimated by numbers like this. They can't compete. American manufacturing is set to soar because we have access to this cheap input. By the way, U.S. natural gas is $7 per million BTU is really expensive compared to recent history. And we put out a piece to our pro subscribers making the call that that arbitrage between the US and Europe has to close eventually and the arbitrage between natural gas and oil has to close as well because U.S. natural gas at $7 per million BTU is the equivalent of $42 oil. So even though natural gas is up threefold in the US, it is still a third of the cost of oil as an energy input.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“400% higher. Let's be clear. But look, I don't know. That's a magic question. I do know that absent the natural gas, the European economy collapses. Period. Now, whether accepting the collapse of the European economy is in the cards as a way to engage in economic warfare with Putin, it's fine, but just realize that that's what's on offer. And just to benchmark more units here at $34 per million BTU natural gas, that's roughly $200 a barrel oil equivalent on an energy content basis. And natural gas peaked out shortly after the war at almost $70 per million BTU, which is the equivalent of $600 a barrel oil. These are serious numbers, Jack. These are numbers that catalyze recessions and depressions. The European”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“US. So they're still paying despite coming substantially off the highs more than four times what we're paying for natural gas because our gas is kind of stranded here. It's capped by our ability to export.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Big fee just to Germany. I'm sure that by 2025 or 2026, one third of that whole could probably be filled with LNG. And in the piece we talk about Cutter's expansion plans as well. They're going to add several billion cubic feet per day of export capacity, much of which will be paid for and earmarked by Europe. I suspect you're going to see a lot of European capital investment in these foreign projects, helping to offset the financial risk of the companies involved. That's fine. It can be done. It's just not going to be done in 2022 or 2023 or 2024. We got three more seasons at least to deal with this guy. And so that's why we're watching the market very closely. What's the response to this ruble gambit? And it's pretty interesting as we're talking. I'm just going to pull up what the price of natural gas is in Europe today. And it's at $34 per million BTU compared to $7 million per BTU here in the”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, as we said, like anything can be done over a long enough time frame with enough money. So there's no doubt in my mind that Europe can wean itself off of Russia's natural gas in a controlled way, assuming the other side plays ball. I mean, we are assuming here that Putin will be happy to sell whatever gas we need until we no longer need it. Who's to say that he doesn't want to inflict pain between now and then to cause a real crisis? Because we have given him those cards. He has that power to do that. Again, we're no fans of Putin, by the way. When we wrote those pieces, we were trying to highlight the fact that we had delegated our energy policy to somebody who doesn't like us. That's stupid. We shouldn't do that. So back to your question, there are three large import energy import terminals being constructed in Germany by very credible multinational mega firms. That you would expect to be involved in such projects, those projects will get done. They will be responsible for an additional billion.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Explain how correct me if I'm wrong, but through the pipelines, natural gas stays gas. But when you transport via ship, you have to form it into a liquefied form. And then once it goes on land, you have to regasify it. So turn it from a liquid back into a gas. So there are constraints on how much Europe can regasify how much capacity they have for those regasification terminals. Let's just start with that 15 billion cubic feet per day hole five billion from a switch to liquefied natural gas meaning you'll get it from places that aren't Russia. And I believe 2.5. So half of that 5 billion cubic feet per day would come from the US. And the other would come from Qatar in Australia and maybe Azerbaijan as well. How realistic is that? And also what's the time frame?”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“They won't do it. They don't seem to be doing it. And until they do it, nobody can say that they're being serious. As far as import capacity goes, they have some flexibility to bring more into Spain, but the pipelines that connect Spain to the other major users of natural gas don't exist. And so that's not really input capacity until those pipelines are created. Within the US, we are doing more to create more export capacity, but at the same time, the Biden administration is and their allies continue to impede the development of natural gas. We wrote a piece about the Mountain Valley pipeline, sort of the classic penny holding up a dollar situation. It's 97% complete. It would help lift more natural gas out of Appalachia and feed it into our network, which could then be fed to the global network via these new LNG terminals. That pipeline is not yet done.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Capacity. Said another way. It is comparable to 30% of the global LNG capacity, including countries like Qatar and Australia along with the U.S. make up the big three. Our estimates are that Germany is building approximately 3 billion cubic feet per day of import capacity, but that's going to take a very long time to come online, sometime between 2025 and 2026. You can't just snap your fingers and build these terminals. Back to nuclear. If Germany were to reverse its decisions on nuclear, just the reactors it has closed down recently and are scheduled to close down now. And if the EU made an aggressive push to help France get the efficiency of their nuclear reactor.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Produces something like 90 billion cubic feet per day of natural gas. And it exports via liquefied natural gas terminals roughly 12 billion cubic feet per day. That's a good sense of the market. The US is a huge producer of natural gas and will soon be the number one exporter of LNG. One of the challenges with gas is it's a gas. And so you can't just ship it on any boat. It requires very specialized vessels and it requires export terminals that are billions to create and years to construct that basically take this natural gas and freeze it to very, very cold temperatures so that it becomes liquid and then they put it on these LNG cargo ships. And then you need a specialized LNG import terminal on the other end to receive it. And so 12 billion cubic feet per day is exported through U.S. LNG export terminals today. The entirety of Europe's dependence on Russian natural gas is 15 billion cubic feet. So the first conclusion in that piece was Europe's Russian bogey is 125% of the entire US LNG export.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so it's a big challenge. And so one of the difficulties and one of the things that Doomberg specializes in is distilling complexity. One of the difficulties in discussing natural gas is just the sheer number of units it's quoted in. And it can be very, very confusing. So just to give you an example, the price of natural gas in the US is quoted in dollars per million BTU. Production in the US is quoted in billion cubic feet per day. Natural gas is quoted in Europe. as euros per kilowatt hour because it's predominantly used to make electricity and its production is measured in million metric tons per year how can you make sense of all these numbers unless you levelize them and so in this piece we did and so we levelized all production to billion cubic feet per day so once we did that it's kind of easy to do you know back of the envelope quick comparisons so here are the numbers the us”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“To be turned off. And if they do, it's going to be a real tough winter. In that piece that we wrote called Measure Twice Framing Europe's natural gas crisis, there are no solutions that are workable in the timeframe that we're discussing here. So I suspect you're going to see if Europe capitulates, you're going to see the ruble strengthen, you're going to see the yen continue to weaken. Who knows what it's going to mean for gold and other commodities, but it's a really fascinating situation to play out. And I'm a big fan of Luke Roman. I know there's a lot of Twitter debate about some of his proposals, which he happily engages in. But we're certainly big fans of his work and tend to agree with it.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Which will take years to repair, as many have speculated, as Peter Zion in particular, that's all fine. They will have enough for domestic production. They won't have any problem heating their homes in the winter, and Europe will. And so we'll see. We have long written and have been really pounding the table on the geopolitical weakness that dumb energy strategy creates. And just today, senior leaders in the European Union are saying it's long overdue that we recognize that our low prices for energy and food were artificial, and it's time that we reconcile and train ourselves for much higher prices going forward. It's okay, but this is not an accident. Like this was a result of dumb policy. Of course, you expect politicians to spin it. So I don't know. I think you're going to see, you're capitulate. Germany's not going to allow the gas.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“To sort of stand the lead Why wouldn't they have their own reserves? And so if we see that, that would be a sign, I think, that physics is, again, being obeyed. I mean, ultimately, yes, Putin, quote-unquote, has a lot to lose by cutting off a gas. But what is he supposed to do? Accept payment in euros that he doesn't have access to because he's being sanctioned. So we shall see. There's a lot of debate. A lot of people think there's no such thing as the petrodollar. We couldn't disagree more. Energy is life currency is basically just an overlay on top of a distribution of energy that tries to make distributing that energy more efficient than barter. But when push comes to sub, you can't print gas. You can't print heat. You can't print fertilizer. You can't print food. It requires energy to do these things. And Putin has a lot of energy. We might destroy his capacity to produce that energy by stuffing as well.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“One of them is a massive energy producer and exporter, and the other shut down its nuclear power plants and is a massive importer of energy. And my good friend Luke Roman, who writes a great newsletter force for the Trees, put out a piece over the weekend, which is behind the paywall, but I can describe the gist of it. The Japanese are the largest buyer of treasuries, largest foreign buyer of U.S. treasuries. The weakening of the yen is leaking directly into U.S. interest rates. There's a strong correlation with the two-year treasury note and the weakening of the Japanese yen. It's causing elevated rates here. This is how the energy crisis ultimately could potentially transmit into policy challenges for the Fed. I predict Luke sort of predicts it as well, is that we'll probably see the Fed by Japanese government bonds here soon.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Correct Yeah, and that's when physics kicked in, right? And people realized he has the gas. And so what currency has been weakening the most in the past few weeks and beginning to cause alarm at the Fed, the Japanese yen. What are the differences between those two countries?”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Well, no. I mean, well, it's clearly mutually assured destruction to borrow a phrase from the Cold War, which seems apropos, considering we seem to be back into a new Cold War or even a hot one. Russia has enough energy to support Russia. Here's a great way to look at it. What's been going on in the markets in the last two weeks? We're seeing a strengthening of the Russian rule to levels stronger than before the war. And I would suspect Would have assumed that the sanctions would have caused a complete destruction of the ruble and hyperinflation in Russia. That was certainly the expectation Biden said so at a press conference, the ruble is rubble, et cetera.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Never going to happen. And well, here we are. We misinterpreted Putin and assumed he was bluffing before the war began. We no longer assume he's bluffing because there's only so many times we have to touch a hot oven to not do it again. And so we believe what he says. And so when he said he was going to demand payment for natural gas and rubles, we believe him. Many in the market didn't. So it's a really amazing thing to watch. And ultimately, this is where understanding physics comes into play. Like you have to understand that it is literally impossible to wean ourselves off of these energy inputs without either mass starvation and huge destruction or some crazy invention that we don't yet understand. And so here we are. Physics is undefeated.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Consequence of that become extraordinarily addicted to Russian natural gas because at the same time they are impeding domestic development of their own fracking fields and their ability to drill for natural gas themselves, much like the rest of the European continent, by the way, not just Germany. And so we wrote a piece many, many, many months before the Ukraine war called Putin's Fools Rush In, where we basically laid bare the fallacy of this approach. We assumed that there wouldn't be a war and that Putin would just have all the leverage such that the West would have to capitulate. The West didn't capitulate and he went to war. And now we're in the situation we're in. But he would not have been emboldened to go into Ukraine if he didn't hold all the energy cards. We're about to find out just as we're talking today, you know, news is breaking that most of Europe is capitulating and paying for gas and rubles, which is going to have serious ramifications for decades. Many people on Twitter were saying that this was.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, after the Fukushima accident in 2011, I believe it was, Chancellor Angela Merkel decided that she was going to lead her country to be 100% free from nuclear power, and they have systematically set about the task of closing all of their zero-carbon emission nuclear power plants that existed. And they've”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Know three, four, fivex from where it was before the energy crisis. These things are all interconnected. You can't, there's no perpetual motion machine. The closest thing to a perpetual motion we have is nuclear because the energy return on energy invested there is incredible. And once created, it's zero emission power. And so any policy, if you ever hear an environmentalist who claims to be for the planet and against climate change, but is also simultaneously against nuclear power, they are unserious people.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“It's just impossible. And anybody who tells you otherwise doesn't understand physics. Currently, 85% of the total calories in the world comes from fossil fuels. And it takes a lot of energy to create alternatives like solar and wind. And those have a payback period just like any other financial spreadsheet modeling you might do. Instead of modeling this in dollars, if you modeled it in energy units, you have to invest four or five times the energy that a solar panel can produce before it breaks even up front. And where's that energy going to come from? Well, it's going to come from other sources. It's competing in the market for that allocation. And that's why you see when the energy crisis broke in Europe, it bled into China because these markets are interconnected. And 85% of the polysilicon in the world is produced in China and the price of polysilicon is up.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Well, there's a lot of overlap in the Venn diagram between the two circles that you just proposed. The CEO of BlackRock serves at the behest of the US government. I mean, he could be regulated out of business tomorrow. And so they're just listening to the pun intended the way the direction the wind is blowing and putting up their wind turbines accordingly. And look, nobody wants a world full of pollution and where global warming has run amok and we terraform the earth into Mars. Our policy is you have to get that energy from somewhere or a lot of people are going to starve or a lot of people are going to die. And the question at hand is how can we create the most amount of energy ergo life for the most amount of people that has to be in the denominator with the least amount of CO2 emissions. Zero is”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Ultimately, if you think about the economy as an energy machine, the amount of economic growth you can spread across society is a function of how much energy you produce, net energy you produce. And if you're producing less energy, the economy can't grow. And so this is like every cycle. The cure for high prices is high prices and ultimately demand will be destroyed. We won't like the consequences of that. It would involve substantially less economic activity, but that's how it's going to end. I don't know when it's going to end. But, you know, oil prices, energy prices this high aren't sustainable and are a huge drag on economic growth. And they really devastate the people right at the cost of the starvation line as prices set at the margin in the wealthy countries will set that price.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Really, just insane policies, stunting domestic development of energy so that we can project our geopolitical power outward. We're seeing the consequences of those mistakes now, both in price, as you said, but also in the fact that Putin felt emboldened to make a move on Ukraine. If Europe hadn't handed Putin all of their energy cards, we wouldn't be here. But it is what it is as it pertains to where...”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“If you crimp supply and demand exceeds supply prices go up, it's just when there's more buyers and sellers, price goes up. The issue is these are really big battleships to turn. These projects are billion dollar projects take years to come online. And it's not clear to me that the political cover to go back to investing at just the minimum necessary to maintain current production levels would be supported even in this environment. And capital goals where capital is treated well. And when the current president of the United States was campaigning for office, he said jailing executives of fossil fuel companies was not out of question. Who wants to put money into an industry when the future president of the United States says we're going to arrest you for running your company? It can't come as a surprise to anybody when you mix in nuisance lawsuits on the part of environmental radicals.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“There's a variety of reasons. It's a complex question, and so I want to give as fair an answer as possible. There are many drivers, one of which is what we believe is foolish policy on the part of Western governments in particular, thinking that we can wave a magic wand and somehow extract ourselves from the primary inputs of energy that drive the economy. Second is, and directly as a consequence of the fallacy of our uneducated leaders, there has been a huge move to defund the development of exploration development and production of traditional fossil fuels. And so these are highly inelastic markets. And when you crimp supply or you crimp the reinvestment dollars needed to even maintain current supply, inevitably their utility hasn't changed, their demand hasn't changed.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“And we talked about how this, of course, bleeds into the other edible cooking oils and the response by Indonesia to ban exports of palm oil, which is going to cause people to starve at least indirectly a result of policies like these. And so our ability to connect those thoughts, to explain complexity, to entertain our readers is the core value proposition of Dumbergen and the brand attributes that we aspire to are threefold. One, we shall be provocative without being polarizing. We shall be funny without being silly and we shall teach without being self-indulgent. And to the extent that we've been able to refine each of our pieces with an authentic layer of continuous improvement spread over everything we do, that that's the sort of the brand mission and the ambition of Doomberg.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“Way, especially in the energy space, is to try to take advantage of those skills that I described earlier and to calmly and systematically with some entertainment and some humor explain things in a way that even a non-scientist could understand why certain policy decisions are based on fallacies or platitudes and other policy decisions would be based on physics. And one of the phrases that we've coined, of course, is that, you know, in the battle between platitudes and physics, physics is undefeated. And you just cannot circumvent the laws of physics. Energy is life. And the decisions we make around energy affect people's lives in real, tangible ways. And we just put out a piece this morning, which is going great called diesel for dinner, where we described the insanity of taking up so much of American soy planting anchors to create renewable diesel when we have an ongoing food crisis.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“So, as it pertains to energy, environment, and critical issues surrounding those topics, a huge inefficiency in our society today is that many of our leaders and most of their advisors have little or no scientific training whatsoever and as well intended as they might be. They often say things that are unscientific, run against the laws of physics, make very little sense practically. When you combine that with the fact that many people from heavy industry would never go into politics for a variety of reasons, not the least of which it's incredibly difficult personally and it's not very lucrative financially unless you're willing to have let's say bendable ethics. You end up with policymakers making incorrect decisions for reasons they don't even understand. And so the core value proposition of Doomberg as we set out, and it certainly evolved to be that.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“For me, it was my ability to explain complex scientific concepts to non-scientific investors. One of the big advantages was my ability to explain a complex scientific concepts to investors without scientific training. I'm a trained scientist myself. And once we got this experience in the content creation market and realized that there was this inefficiency, our specialty is explaining non-finance concepts to finance people in language they can understand. And so we launched Doomberg. I was telling you before we started recording that this is our one-year anniversary. It's been an amazing ride. Very excited with the popularity, with the growth on Twitter, with the growth on Substack. And after we record this podcast, we will effectively be 100% behind the paywall, which has been its own crazy but exhilarating and fun journey. So it's really a great story. It's been a wonderful year.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT
“We're a small team that comes from industry. Our team has several decades of experience in the commodity sector, energy markets, and related industries. And several years ago, we started our own advisory firm, and we consult C-Suite executives and high net worth family office type clients on things like business improvement, energy pattern recognition. We're kind of a think tank. It's a fun business to work in, and it's been great to grow it like all entrepreneurs, we ran into some headwinds with the COVID-19 and reinvented ourselves a little bit as a consequence of where we thought the markets were going. And we created a vertical of our business where we started helping some content creators run their businesses better. And by the way, like for me personally, when I was an executive, one of the big differentiators.”
2022-05-05 · Forward Guidance · The Food & Energy Crisis Has Only Just Begun | Doomberg · IDENTIFIED FROM THE TRANSCRIPT