We had the exciting opportunity to visit with Ryan Clancy to discuss the $900 billion COVID relief bill passed by the US Congress on Monday. Ryan is the Chief Strategist at No Labels, an organization at the spearhead of a non-partisan movement "to find common sense solutions to our toughest problems." No Labels and its liberal, moderate, and conservative partners in Congress played an instrumental part in breaking the logjam to deliver this long-needed relief.  In the course of the conversation, Ryan highlights some of the issues around infrastructure and energy in particular that you won’t want to miss.   

You can read about how the No Labels caucus worked together to get the bill over the goal line in this New York Times article: "A Dinner, A Deal, and Moonshine: How the Stimulus Bill Came Together."

As always, the TPH crew launched the discussion with observations on the week in global markets: Mike Bradley flagged emerging headwinds in oil prices as liquidity dries up for the holidays, Matt Portillo explained why TPH Research is getting more constructive on natural gas, and Colin Fenton noted the energy components in the broader $1.4 trillion 2021 Appropriations Bill to set the scene for the discussion with Ryan.

Thank you for joining us for another episode.  And here's to wishing you a Merry Christmas and Happy Holidays from your friends at TPH!

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