For Super-Spiked subscribers that prefer that written posts, this week we are including for the first time a lightly edited transcript of the video (blue download button below) along with a downloadable copy of the slide deck.

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In this week’s video podcast we take a look back at the major themes we highlighted at the start of this year in a written post on January 11, 2025 (here). The 3 major topic areas were (1) energy scenario normalization; (2) power; and (3) how we thought about various energy sources and technologies. We had also teased several sub-themes about crude oil, China, M&A, and US/Canada policy. With nearly a year’s hindsight, we did decently well on the three major topic areas, but left a lot to be desired on the four bonus topics. We believe it is always a good idea with those kind of posts to revisit how things played out.

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📜 Credits

* Intro & Outro music: Wolf Hoffman: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.

* This episode of Super-Spiked Videopods was edited and produced by Veriten Productions.

⚖️Disclaimer

I certify that these are my personal, strongly held views at the time of this post. My views are my own and not attributable to any affiliation, past or present. This is not an investment newsletter and there is no financial advice explicitly or implicitly provided here. My views can and will change in the future as warranted by updated analyses and developments. Some of my comments are made in jest for entertainment purposes; I sincerely mean no offense to anyone that takes issue.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit arjunmurti.substack.com

Super-Spiked Videopods (EP86): A Look Back on Our “Big Themes for 2025”