Good Monday morning! It's a notable moment. Yesterday was Ben Geman's birthday! And, a decade ago this week, I moved to this Washington from the other one. OK, let's get to the news.
In my latest Harder Line column, I talked with Charif Souki, a pioneer in the energy industry, about his new company Tellurian Inc., and his outlook on natural gas exports. I'll preview it below and then hand things back to Ben for the rest of today's news.
America's natural gas industry is riding a political and economic wave it hopes can go all over the world. Much like surfing, it's not easy and won't last forever. Just ask Charif Souki.
Why we can learn from him: Souki, founder of Tellurian, a new Houston-based natural gas company, is considered a pioneer among his peers and embodies much of the sector's ebbs and flows.
"We're riding the wave now if we can figure out how to do it," Souki told Axios in an interview in the firm's new Washington, D.C., office.
Decision time: The Federal Energy Regulatory Commission faces a Jan. 10 deadline to take some kind of "final" action on Energy Secretary Rick Perry's proposal to guarantee larger revenues to nuclear and coal-fired power plants in some markets.
Iran: Oil markets will be watching the White House as President Trump faces deadlines beginning late in the week about whether to continue waiving sanctions against Iran.
First forecast: On Tuesday, the federal Energy Information Administration will release its first forecast of U.S. energy supply, demand and prices in 2019, as well as its outlook for the global oil market next year, an announcement states.
Solar trade: Via Politico, President Trump is "tentatively scheduled to meet with Cabinet secretaries and senior advisers as soon as this week" to start finalizing decisions on pending trade policies — including restrictions on imports of solar panel equipment.
DOE's future: A House Energy and Commerce subcommittee will hear from several senior Energy Department officials and others Tuesday at a hearing about "DOE Modernization: Advancing DOE’s Mission for National, Economic, and Energy Security of the United States."
MIT electricity expert Jesse Jenkins is out with a new paper that looks to quantify the different forces that are jointly pushing down electricity prices enough to make nuclear power increasingly uneconomic.
The big takeaway: The 72% decline in market prices for natural gas is by far the biggest culprit, with flat power consumption and the growth of wind power playing lesser roles (with wind only a factor in the western parts of PJM).
Aramco IPO: Bloomberg reports Monday that state oil giant Saudi Aramco plans to appoint Goldman Sachs and Citigroup to help manage its massive IPO of up to 5% of the company slated for later this year.
On the record: Royal Dutch Shell's CEO chatted with the Financial Times about his company's short- and long-term positioning.
Disaster off China's coast: Via the Associated Press: "An oil tanker that caught fire after colliding with a freighter off China’s east coast is at risk of exploding and sinking, Chinese state media reported Monday, as authorities from three countries struggled to find its 32 missing crew members and contain oil spewing from the blazing wreck."
Exxon's latest find: The oil giant on Friday announced the sixth discovery in what's known as the Stabroek Block off Guyana's coast, adding to what the company says are 3.2 billion barrels of oil-equivalent it has already discovered in the deepwater region since 2015.
A few electric vehicle items catching my eye this morning...
New player: The China-based EV startup Byton rolled out its first model, an SUV concept, at the big Consumer Electronics Show in Las Vegas yesterday.
Focus on China: The Wall Street Journal has a new piece that sizes up the state of the EV market in China, a country they report is now home to 40% of worldwide investment in EVs.
"Even though Beijing cut subsidies for electric-vehicle makers by as much as 40% during last year and imposed tougher technological standards, Chinese electric-car sales rose more than 80% from a year earlier in November. Both production and sales of electric cars were up about 50% in the first 11 months of last year," the paper reports.
The bottom line: CNBC, meanwhile, reports on an analyst's prediction of consolidation of the EV industry in the country that's awash in startup players.
China and climate: Harvard's Robert Stavins, in a new blog post, sizes up plans by China — the world's largest greenhouse gas emitter — to develop a nationwide carbon emissions trading system for its power sector.
The bottom line, he finds, is that the plan is grounds for "cautious optimism," even though plenty known unknowns remain about the system's design, such as when it might be expanded to other industrial sectors.
Arctic blast: My Axios colleague Alayna Treene chatted with scientists about the links between global warming and the brutal East Coast cold snap.
A closer look: Last week I mentioned the bet among energy journalists and oil analysts about where crude prices will end up in one year.
Now Leslie Hayward of Securing America's Future Energy has posted a fun and helpful explainer about the bet and its history (including my colleague Steve LeVine's victory two years in a row).
In his words: This year Steve's bet on the year-end Brent crude price is pretty bearish — it's the third lowest among the pool of two dozen participants. Via Leslie's piece, here's Steve's thinking:
Shade: Your Generate host was too disorganized to join the bet, but doesn't project a third win for his colleague Steve. I think the price will be higher.