Nickolai Hubble

The energy transition’s next Tavistock moment

Energy storage is another reason the energy transition will fail Civilisations are defined by their ability to store energy cheaply Energy storage investments will boom…

The threat of a non-fungible energy system

Europe’s energy crisis exposed that gas isn’t so fungible after all Electricity might seem fungible, but not in a crisis Renewable energy’s intermittency is only…

The numbers just don’t add up in China

China has enough homes for two Chinas Deflation has begun, and it’s unlikely to be the good sort The energy transition versus the China crash…

Welcome to a multi-polar world, investors

The attacks on Israel are part of a broader trend Housing policy is the key political issue of 2024, but the key parties are indistinguishable…

The unequivocal equation that predicted our inflation

MV=PY was all you needed to know Velocity turned up, as predicted, with the predicted results What happens next for inflation depends on V not…

If the bond market crashes in silence, has it crashed at all?

The bond market has crashed horrifically The consequences are barely making themselves felt A reminder that investment mantras are eventually disproven Bank of America researcher…

John Butler’s correlation breakdown

John Butler’s mysterious midnight messages Oil and US bond yields are diverging Financial market instability is now sinking the economy I’ll be honest, sometimes I…

Misery for all but the cynical investor

Whenever I meet readers in person, they seem surprised I’m not like the donkey from Winnie the Pooh. After so much doom mongering, they expect…

Rishi is not Margaret, whatever he says

• The Conservative Party Conference was full of hot air • The Bank of England turns lukewarm on Brexit • The Republican Party adds to…

When the wind fails, blame nuclear

The carbon offset market revealed as “junk” The oil must flow Nuclear energy is too intermittent for renewable fanatics The politicisation of our energy system…

When the wind fails, blame nuclear

The carbon offset market revealed as “junk” The oil must flow Nuclear energy is too intermittent for renewable fanatics The politicisation of our energy system…

Immigration or inflation? Your choice…

Immigration is spiking and voters are angry Politicians are increasingly offering an anti-migration option Why less immigration means more inflation in a debt-filled world I…

Can Sunak turn the net zero Titanic?

Sunak pulls the reins on net zero 2024 will be the year of record mortgage resets PPIs are signalling deflation The iceberg that is net…

Uncertainty costs investors money

Uncertainty can be good or bad Net zero is the bad sort The price of net zero isn’t showing up in the stock market No…

What’s the point of arguing if we can’t even count?

Immigration, GDP, emissions and housing figures were all wrong How can you debate if you can’t count? Stick to Megan Markle Political and social debate…

If going green is so utopian, why pursue dystopia?

There’s something fishy going on in offshore wind energy Have politicians realised their green dream needs your nightmare? The people will revolt against the real…

Cowperthwaite’s revenge on the Office for National Statistics

How did Hong Kong get so rich? Is the mortgage market crashing? Will the Bank of England go too far… again? Never mind Singapore-on-Thames, we…

Cowperthwaite’s revenge on the Office for National Statistics

How did Hong Kong get so rich? Is the mortgage market crashing? Will the Bank of England go too far… again? Never mind Singapore-on-Thames, we…

How net zero was snuck in behind your back

Politicians had to be “systematically dishonest” to pass net zero A small group of activists staged a coup in 2019 The more impossible net zero…

The man who undermined net zero, literally

A nail in the coffin of renewable energy You can’t just magic up more resources A new solution is needed What if the fatal flaw…