All posts by The Editors Launches, First Issue: Arbing Quads

TerraJoule Cover Image April 2013Welcome to, a monthly ebook/newsletter covering macro trends in global energy.

Each issue of contains: a Main Essay, a Model Portfolio, a Data Brief, and a link to a Downloadable Podcast. Gregor Macdonald, Editor.

Readers may purchase each issue individually, through Purchase.

Or, readers may also take a 12 month subscription through Annual Subscription.

This month’s issue, Arbing Quads, takes a look at the emerging trading relationships and the very large swings in global energy that have started to take shape outside of oil markets:

Five years into a rough, twenty year energy transition in which the global economy has been deprived of cheap oil, new trading relationships have emerged for the remaining BTU, as fossil fuels from coal to natural gas are consumed and traded with increasingly regularity. The United States for example has seen a massive decline in its own oil demand. In its place, the US has moved to take advantage of domestic natural gas, for which its pays some of the lowest prices in the world. This means the US has been free to export coal, which helps countries like Japan and even Europe to deal with their own rough exposure, to energy transition. Arbing Quads, the April, 2013 issue of, quantifies the unfolding story of this global energy transformation, as the next phase of energy transition unfolds. There are winners and losers in this story, some countries and economies will have to suffer through ongoing, structural disadvantages while others will reap windfalls. But most intriguing of all is that natural gas is starting to emerge as a partner of coal, as the oil age continues to recede. Indeed, despite recent story-telling, the oil age has been in steady retreat for over ten years now, and that trend shows no signs of slowing down. Arbing Quads explains who are the price takers, and the price makers, as the world looks set to burn the next tranche of BTU.

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“ eBook – April 2013” by Gregor Macdonald – Editor on Ganxy