Risk means more things can happen than will happen. The practical definition of risk is not volatility or a standard deviation — it's the possibility of permanent loss of capital. Volatility is opportunity dressed in frightening clothes.
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The US is going to be consuming a lot more natural gas going forward, and the infrastructure to deliver that gas is going to be a bottleneck. You're going to need more pipelines, more LNG export terminals, more storage. The question is whether the capital investment can keep up with the demand growth.
Matthew Smith — Invest Like the Best with Patrick O'Shaughnessy
Pain researchers have found that the experience of pain is heavily shaped by context, expectation, and meaning. The same injury can feel devastating in one situation and barely noticeable in another — soldiers wounded in battle, for instance, often report feeling little pain at the moment of injury, because the wound means they will be evacuated from the front lines.
Hidden Brain
The United States is in the middle of an energy transformation, and natural gas sits at the center of it. The same fuel that was supposed to be a bridge to renewables is now being called upon to power the AI revolution, sustain manufacturing reshoring, and keep the lights on as coal retires faster than alternatives can replace it.
Invest Like the Best with Patrick O'Shaughnessy