The Russian invasion of Ukraine in 2022 and the potential closing of the Strait of Hormuz have triggered significant responses from governments worldwide, especially in the realm of oil subsidies and energy policy. When the conflict in Ukraine erupted, many Western governments responded by imposing sanctions on Russian oil exports, causing disruptions in global energy markets. To address the surge in fuel prices and shield their economies, several countries increased oil and gas subsidies,...

2025 was an experience, with events throughout the year making it memorable, to say the least. With that in mind, let’s look ahead into our foggy crystal ball to consider trends in 2026. Inflation Outlook A critical indicator will be inflation. Taming inflation has proven difficult for the Federal Reserve and multiple administrations: who knew that running large deficits could stimulate inflation? Our outlook is that inflation will likely drift slightly lower but remain above the Fed’s 2%...

In today’s rapidly evolving energy landscape, behind-the-meter (BTM) power solutions—such as solar, storage, and fuel cell systems—have reached cost parity with traditional grid power for many industrial and commercial users.