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          EYE ON THE MARKET 16TH ANNUAL ENERGY PAPER

          Fighting Words: The Energy Transition in 2026

          Fighting Words. This year we look at energy arguments, battles and debates: the impact of data centers on power prices, the cost of solar plus storage as baseload power, the “primary energy fallacy” that ignores waste heat, the true cost of small modular reactors, Germany’s decision to shut down nuclear, China’s dominance of renewable supply chains, solid oxide fuel cells as turbine alternatives, the materiality of demand response, staffing cuts at the EIA, the hype around geothermal and geologic hydrogen, the misplaced fascination with small country energy transitions, satellite vs factor-based oil & gas basin methane emissions, the mostly profitless EV industry, xAI mobile gas plant permits, negligible progress on carbon capture and renewable fuels, and the unfavorable economics of charging my Jeep Wrangler hybrid.

          To begin, a few charts on Iran and the Strait of Hormuz.

          For a summary of the 16th Annual Energy Paper, watch Michael's video.

          Watch the Podcast

          Click here for important information.

          About Eye on the Market

          Since 2005, Michael has been the author of Eye On The Market, covering a wide range of topics across the Markets, investments, economics, politics, energy, municipal finance and more.

          • Economy
          • Investment Strategies
          • Markets
          • Energy

          Explore the Energy Paper archive