Episode
34

Energy Markets in 8 Months with Allison Zyba

February 23, 2022
|
Duration:
1424683
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In This Episode:

Join energy coach David Arkell, producer Lysandra Naom, and guest Allison Zyba on an episode about navigating energy markets in 8 months. This episode features details on energy markets including tools to navigate them, challenges, advice for market beginners, and more.

Highlights

  • Learning the Basics of Energy Markets: Allison initially had no energy background but quickly learned about various energy types, from traditional commodities like oil and natural gas to newer technologies such as geothermal and hydro storage.
  • Importance of Credible Sources: For reliable energy data, Allison used resources like the U.S. Energy Information Administration (EIA), enabling her to verify information amidst the politically biased narratives often surrounding energy topics.
  • Challenges of Political Influences: Understanding energy markets requires navigating political influences and propaganda from various stakeholders, including supporters of fossil fuels and renewables, which can skew information.
  • Interconnected Nature of Markets: Allison describes the complexity of the energy ecosystem, where commodities like natural gas and electricity influence each other. Market fragility, highlighted by recent crises, underscores the need for adaptability in energy strategies.
  • Learning by Teaching: Presenting energy data to her colleagues accelerated Allison’s understanding, as she had to explain complex concepts clearly, reinforcing her own knowledge.

Key Insights

  • Diversity of Learning Tools: Allison highlights the importance of combining self-study, reputable online resources, and mentorship from colleagues to build a comprehensive knowledge base efficiently.
  • Systemic Fragility Awareness: Energy markets are more fragile than they seem. Climate-related crises expose vulnerabilities, making long-term stability a persistent challenge in energy management.
  • Rapid Market Shifts: The energy sector is highly dynamic, with sudden focus changes, such as the recent emphasis on LNG (Liquefied Natural Gas), driven by evolving global demands and geopolitical influences.
  • Value of Data in Energy Decisions: Allison underscores the importance of relying on verified data from reputable sources rather than social media speculation, ensuring sound decision-making through careful analysis.
  • Practical Tips for Business Owners: For businesses new to energy markets, Allison advises understanding their commodity usage, staying informed about market changes, and seeking expert guidance when needed.
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Hosts:
David Arkell

David Arkell

President & CEO

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Lysandra Naom

Lysandra Naom

Project Manager

ENWIN Solutons

Allison Zyba

Allison Zyba

Mechanical Design Intern

Lonza

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