White Papers and Commentary

Recurrent Industry Research

MLPs: From Balance Sheet Recession to Balance Sheet Recovery

Exploring how master limited partnerships became master leveraged partnerships - and how the reversal of this decade-long trend could drive a 30-50% recovery

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A look inside Recurrent's report on the MLP downturn

From Gasoline to the Grid: Recurrent on the Rise of the Electric Vehicle

It is often taken for granted that technology is deflationary - that is, it drives down our cost of living over time.

In this white paper, Brad Olsen discusses how electric vehicles will fail to measure up to the cost-saving innovations of the past, and how the transition to an increasingly electric future is likely to strain our grids, create mineral scarcity, and increase our cost of living - all while making oil more competitive.

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A look inside Recurrent's report on EV economics

The Impact of Shale on Energy Cycles

In this white paper, Mark Laskin outlines the unique attributes of shale production in the global oil market, and its impact on oil cycles in the future.

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A look inside Recurrent's report on the Shape of Oil Cycles

Our principals’ past energy research has included some of the following topics:

  • Oil Supply in a “Dispatch Curve” framework: US shale as the new “peaker plant” for global oil (Laskin, 2016, BP Capital Fund Advisors)
  • A return to shorter oil cycles and a US-centric market following the end of the OPEC era (Laskin, 2015, BP Capital Fund Advisors)
  • The End of the Northeast Premium – a prediction of prolonged bear market for Northeast US gas (Olsen, 2013, Tudor, Pickering, Holt & Co.)
  • Coming sea change for NGL prices due to insufficient petrochemical demand (Olsen, 2011-12, Tudor, Pickering, Holt & Co.)
  • Changes in the relationship between stocks and oil price before and after the 1983 oil crash (Laskin, 2006, Morgan Stanley Investment Management)
  • The seasonal impact of gasoline demand on the price of WTI in the mid-2000s (Laskin, 2005, Morgan Stanley Investment Management)