Chris Wright Confirmed as Energy Secretary

by Jay Young | Investing, Oil & Gas, Tax Savings, Taxes, The Upside

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Newsletter No. 102

Good afternoon,

It’s Thursday, February 6 2025, and in this edition of The Upside we’ll cover the latest updates from the oil and gas industry, along with important news from King. As always, I hope to keep you up to date on the trends shaping our industry. Thanks for reading.

This Week's Headlines

From Triplex to 800 Units: Alex Love Li’s Journey to Real Estate Success on The Jay Young Show
Joining Industry Leaders at NAPE Summit to Drive Growth and Innovation
Chris Wright Confirmed as New Energy Secretary
Intensity Infrastructure Partners Proposes New Natural Gas Pipeline for Bakken Shale
Equinor Lowers Renewable Energy Goals Due to Market Challenges
The Rice Report: A Deep Dive into America’s Financial Future
ONEOK and MPLX Team Up for $1.75B Texas LPG Export Project

HAPPENING AT KING

From Triplex to 800 Units: Alex Love Li’s Journey to Real Estate Success on The Jay Young Show
In this episode of The Jay Young Show, Jay sits down with Alex Love Li, founder of Legends Equity Group, to discuss his journey from a single triplex to a real estate portfolio of over 800 units. Alex shares how his Taiwanese and Japanese heritage shaped his business approach, the books and mentors that influenced him, and his mission to empower others through real estate. Tune in for an inspiring conversation about community, wealth-building, and investing with purpose. Subscribe to us on YouTube or Rumble. You can also listen on Spotify, iTunes or wherever you listen to podcasts.

Joining Industry Leaders at NAPE Summit to Drive Growth and Innovation
King is at the NAPE Summit this week, one of the biggest events for the oil and gas industry. It’s a place where industry leaders, companies, and investors come together to talk about new trends, opportunities, and technologies in energy. The summit is great for networking and making deals. Our attendance shows our focus on staying ahead in the industry and building important connections for future growth.

Oil & Gas News

Chris Wright Confirmed as New Energy Secretary

Chris Wright, the CEO of Liberty Energy, has been confirmed as the new Secretary of the U.S. Department of Energy. He will lead efforts to boost U.S. energy production, promote new technologies, and reduce barriers to energy projects. While he has previously downplayed climate change, Wright recognized its importance during his confirmation. He plans to focus on expanding nuclear, natural gas, and geothermal energy in the U.S., while working to strengthen America’s energy role worldwide.

Intensity Infrastructure Partners Proposes New Natural Gas Pipeline for Bakken Shale

Intensity Infrastructure Partners has announced plans for a new 126-mile natural gas pipeline in the Bakken Shale to help move more natural gas out of the area. The pipeline would carry gas from western North Dakota to southern McLean County, with a capacity of 1.5 billion cubic feet per day. The company is asking for feedback from local stakeholders before moving forward with the project. With increasing gas production in the region, this new pipeline is needed to keep up with growing demand.

Equinor Lowers Renewable Energy Goals Due to Market Challenges

Equinor has cut its renewable energy target for 2030, aiming for 10-12 gigawatts instead of the previously planned 12-16 gigawatts. The company says the change is due to challenges in the offshore wind industry, like higher costs and slower progress. They also scrapped a plan to spend half of their investments on renewable energy. Despite this, Equinor reported higher profits for the last quarter of 2024 and expects to produce more oil and gas.

Macro-economic Insights

The Rice Report: A Deep Dive into America's Financial Future

In this week's The Rice Report, Eric Rice dives into President Trump’s bold executive orders, the rise of sovereign wealth funds, and the game-changing impact of Bitcoin and digital assets on global finance. He breaks down stock market volatility, U.S. debt, and international trade tensions, offering a clear-eyed look at the forces shaping America's economic future. Tune in for a no-nonsense analysis of what’s really happening beneath the surface.

Watch or Listen on YouTube, Rumble, Spotify, Audible, or iHeart Radio.

Move to Watch

ONEOK and MPLX Team Up for $1.75B Texas LPG Export Project
ONEOK and MPLX are investing $1.75 billion to build a large LPG export terminal and pipeline in Texas. The terminal will handle 400,000 barrels of LPG per day and is set to open by 2028. ONEOK and MPLX will each invest in the terminal and build a new pipeline to connect it to ONEOK's storage facility. The goal is to increase energy exports and expand infrastructure in the area.

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Thank you for your continued support, and if you have any questions for myself or any member of the King team, please don't hesitate to reach out to us.

All the best,

Jay