Tortoise Capital QuickTake Podcasts

Venezuela Volatility, Energy Stock Strength, and the 2026 Outlook

Episode Notes

This month, Senior Portfolio Manager James Mick recaps energy market performance and explores emerging themes for the year ahead:

• 2025 Recap: Energy equities ended strong despite a 20% drop in crude.
• Midstream & Majors: Outperformed as oil correlations continued to decline.
• Venezuela: Regime change raises questions—but infrastructure challenges remain.
• Geopolitics: U.S.–China tensions may flare over crude trade dynamics.
• 2026 Themes: Humanoid robots, affordability concerns, and nuclear momentum.

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