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Lateral-thinking essays on energy, finance and geopolitics, each opening with a literary epigraph. Recurring subjects include oil and gas production, diesel and refining, state-owned enterprises, and the energy politics of Ukraine, Europe, Alberta and the Falklands. Also publishes company deep dives and a subscriber video call.
Recent examples: Diesel of Discontent · Jump Ball
Written from Doomberg’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
387K on Sep 10, 2026 → 389K on Oct 20, 2026
Rank in Substack’s finance leaderboard: #7 today · #7 a week ago · #6 a month ago
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Most-reacted post we have seen: Endangered Specious — 952 reactions on Aug 9, 2026.
“There are three things in the world that deserve no mercy: hypocrisy, fraud, and tyranny.” – Frederick William Robertson During the first six months of 2026, European buyers gorged on practically every liquefied natural gas (LNG) cargo Russia’s Yamal plant could produce. Of the 140 ships that set sail from that facility, 136 offloaded their life-nourishing bounty in Europe, with France, Belgium, Spain, and the Netherlands quietly absorbing the bulk. Analysts estimate the revenue generated from these sales to be on the order of $7 billion—funds that were presumably funneled to President…
“He hits from both sides of the plate. He’s amphibious.” – Yogi Berra On January 6, 2025, Indonesia formally acceded to full membership in BRICS, the starts-and-stops, Russia- and China-led organization seeking to create an alternative to the US dollar-based global financial system. As the war in Iran has since made clear, whatever limitations might be plaguing America’s wildly overfunded and corrupt military-industrial complex, its economic power and broad array of financial tools are still formidable. US Secretary of the Treasury Scott Bessent’s economic siege has arguably been more…
“No nation was ever ruined by trade.” – Benjamin Franklin With a land area equal to that of Arizona and a population of just 27,000, Labrador—the onshore portion of the Canadian province of Newfoundland and Labrador (NL)—is one of the most resource-rich yet largely undeveloped regions in the Western Hemisphere. Abundant timber, iron ore, nickel, copper, cobalt, gold, rare earths, and other critical mineral prospects dot its rural landscape, and its large rivers provide enormous hydroelectric potential. Think of it as an even more thinly populated version of Alaska. Don’t pretend like you knew…
“Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.” - Adam Smith A classic trick in debate is distorting your opponent’s position, then nullifying your reframing of their view. This straw man tactic is particularly effective when the semantic maneuvering is sly and subtle, hence its permeation throughout political discourse. Consider the diesel crisis facing US President Donald Trump as he hurtles toward an ominous midterm election. Trump has many levers with which to restrain runaway domestic prices for that all-important fuel, and…
“You’re running to be prime minister — it’s hard to be the person who makes jokes.” – Ed Miliband Several months ago, we took to these pages to articulate an admittedly long-shot call. After foreseeing Mark Carney’s 180-degree flip on all things climate change, we postulated that perhaps Great Britain, Canada’s historical mothership, might also be ready to discard the geopolitical deadweight of carbon insanity. While searching for a British Carney—a politician with green bona fides so unquestioned as to put him above reproach in executing such a change—we settled on Ed Miliband. Thus followed…
Hello, Doomberg Pro members! Within the oil and gas industry thrives a powerful segment of participants whose investments in vital infrastructure enable ever-burgeoning development in the geographies they touch. They connect producers to users with a broad range of necessary specializations. The security of their future is tied to volumes moved in relati…
“I think gas prices are a conspiracy.” – Tom Braidwood On Sunday, a world chronically short of diesel woke up to the happy news that Ukraine—undoubtedly with the full support of those who currently occupy positions of power across Europe and Great Britain, and perhaps even the US—had caused significant damage at the Gazpromneft Moscow Refinery, a facility capable of handling 245,000 barrels per day (bpd) of oil. In the weeks leading up to the Moscow attack, the Ryazan Oil Refinery (320,000 bpd), Saratov Refinery (140,000 bpd), Syzran Refinery (150,000 bpd), and Yaroslavl Refinery (300,000…
“War should never be entered upon until every agency of peace has failed.” – William McKinley There’s no sugarcoating the ominous turn of events that occurred in the Middle East over the past two weeks. The rapid advance of the Houthis across the Red Sea coast, the serious damage sustained by the newly all-important East-West Pipeline in Saudi Arabia, and continuing signs of an imminent global diesel crunch all come on the heels of months of disruption to shipments through the Strait of Hormuz. The economic calamity that nearly everybody assumed would follow shortly after Hormuz…
“Thankfully, there’s no rehab for success.” – Lil Wayne In early July of 2025, the government of Angola made a fateful decision to raise diesel prices nationwide by one-third, part of a years-long campaign to phase out costly fuel subsidies. A three-day strike by minibus and taxi drivers spiraled into nationwide bouts of violent unrest. By the end of the month, some 30 people were confirmed dead, 277 injured, and over 1,500 arrested. Despite these severe civil disruptions, the government ultimately held firm. The riots came to an end, but the reduced subsidy levels held. Energy is life |…
“If the world seems cold to you, kindle fires to warm it.” – Lucy Larcom Watching the parade of negative-charisma European elites cascade toward their inevitable political demise would be entertaining, were it not certain that their equally incompetent replacements would spawn into place from a seemingly endless line of empty suits, like so many Pez popping out of identical plastic dispensers. Consider soon-to-be-ousted German Chancellor Friedrich Merz. Anybody who labored through his bizarre speech to the Bundestag on Wednesday would hurriedly bet the under on his longevity in the post…
“I was spoiled by theater, where there is no editor.” – Anthony Edwards In March of 2013, 1,517 inhabitants of what the United Nations (UN) officially refers to as the Falkland Islands (Malvinas) went to the polls to vote on a sovereignty referendum. Residents were asked whether they wanted to remain an overseas territory of the United Kingdom (UK), and in a result that would make dictators the world over blush, only three voted against the measure, and one spoiled their ballot. The resulting 99.8% affirmative vote is higher than even possession itself, which, last we checked, was just 90% of…
“Here is the test to find whether your mission on Earth is finished: if you’re alive, it isn’t.” – Richard Bach Among the most ironclad, stone-cold, lead-pipe-lock bets of history is that aggregate primary energy consumption is a curve that goes up and to the right. Longtime readers will be familiar with the physical foundations for why this is so: The human endeavor is a constant, unrelenting struggle against the forces of entropy; one must harness primary energy to temporarily prevail in that struggle; one’s standard of living is thus measured by how much primary energy is on offer for the…
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