We're heading for serious overcapacity in the battery market. Good news for automakers and EV buyers, but challenging times ahead for new entrants to the battery game.

More in my latest for BloombergNEF here:
bloomberg.com/news/newslette…

Challengers to China's EV battery dominance face a problem, Colin Mckerracher writes. @CATL and BYD aren't complacent incumbents and behave 'more like scrappy startups than bloated corporate fiefdoms'. bloomberg.com/news/newslette…

Putin gaslighting today about being “forced” to attack Ukraine’s energy sector in a war he started.
Here’s how this all might blow up the oil market
⁦Bloomberg Opinion⁩ bloomberg.com/opinion/articl…

A must-read on the US-China EV race by Liam Denning.

Not just because of the topic but because some of the issues it dives into, including federal policy, automaker buy-in and market certainty.

These are things that can emulated in other markets (like here in the US).

Liam Denning maps how the US lost its lead in the EV race to China. And is now struggling to get back on track trib.al/jHcSuKu via Bloomberg Opinion

I have written many articles over the years about crazy private equity machinations. Today’s installment, however, might be the craziest:

on.ft.com/3PT5pbN

Excellent new investigation on proposed gas power expansion by US utilities to support mega-customers, by Jeff St. John Canary Media. It covers a lot of ground. Here are a few highlights. (🧵1/8) canarymedia.com/articles/utili…

Liam Denning maps how the US lost its lead in the EV race to China. And is now struggling to get back on track trib.al/4DY4RzY

In 2016, there were more EVs on US roads than in China
By 2023, China had >4x as many bloomberg.com/opinion/articl… via Bloomberg Opinion

How the US fell behind China on EVs
bloomberg.com/opinion/articl… via Bloomberg Opinion

Remember how big the interconnection queue for new generators was last year? Guess what – it’s 30% bigger now! It is now TWICE the capacity of currently operating power plants.

See the annual “Queued Up” report from Berkeley Lab at emp.lbl.gov/queues. Thread!

“The Republican right treats Ukraine as an enemy and Russia as a friend. Defining that stance as isolationist is lazy and wrong. It is actively pro-Russian.”
⁦via Financial Times on.ft.com/3xG1Y1S

Why can't Biden just brute-force an interstate EV charging network the way Eisenhower launched an interstate highway system in the 50s? A better question may be: Would you really want him to?

My free column for Bloomberg Opinion

bloomberg.com/opinion/articl…

Still thinking about the U.S. LNG export pause? If so, here's a collection of memos, podcasts, and events CSIS has done on this - starting before the pause was announced. We've covered geopolitical, market, price, climate, and regulatory angles. csis.org/programs/energ…

Looks like Saudi Arabia's balance of payments breakeven oil price (oil price that avoids a current account deficit) is now close to $85 a barrel. No wonder NEOM has been scaled back ...

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The crime that New York is experiencing is probably best characterized as a wave of random violence, Justin Fox says trib.al/lyyq0ou

In a world where Donald Trump is the most famous spokesman for conservative Christian values, more Americans are saying no thanks to religion, Francis Wilkinson says bloomberg.com/opinion/articl… via Bloomberg Opinion

Tesla +5% on the back of yet another robotaxi pledge bloomberg.com/opinion/articl… via Bloomberg Opinion $TSLA

Robotaxis secured?
Bloomberg Opinion $TSLA
bloomberg.com/opinion/articl…

Musk denounced a story saying Tesla had diverted resources from a cheaper EV project to robotaxis. Then he announced an imminent robotaxi event
Bloomberg Opinion $TSLA

bloomberg.com/opinion/articl…