S&P 5004452.58+56.94+1.3%

Nasdaq15028.11+131.26+0.88%

VIX18.76-2.11-10.11%

DXY93.11-0.34-0.36%

CO77.05+1.2+1.58%

WTI73.23+1.26+1.75%

NATTY4.97+0.198+4.15%

Quote of the day: “The windows are open, admitting the September breeze: a month that smells like notepaper and pencil shavings, autumn leaves and car oil. A month that smells like progress and moving on.” – Lauren Oliver

Canadian Majors
Paul Sankey

Airworld Sankey 9/21/21

Comment to my sister yesterday on life in London with my mother: “Nothing’s burning, apart from the stock market.” Oil behaved great especially as the US$ strengthened. Noted oil laggards like $EQT flat on the day. Bullish action for us “energy tranistion” folks. Regular readers will recall it is not two weeks ago we had a China expert, Ryan Haas, Brookings Institute, on Happy Hour. I checked in with Ryan yesterday, and his call. He

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Sunday Sankey 9/19/21

Quick Sunday Sankey today. If you want to read more, yesterday there was a long email on Europe vs US energy transition dynamics with a focus on two leaders: UK and Germany. Emailed yesterday on the web at www.sankeyresearch.com It has occurred to me that we may just enter a long, grinding, bear market, as stretched valuations and lack of new marginal buyers slowly erode the market. I mean like a 1970s multi-year market deflation.

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Apache
Paul Sankey

Germany & Britain vs the USA

Greetings from London, You live in the UK and have avoided death by COVID? FT: In the UK, 4m households were unable to afford to adequately heat their homes even before the latest energy price crisis. Some 10,000 deaths a year are linked to living in a cold home, according to the charity National Energy Action. If that represents around 100 deaths per day over the average of four winter months, high energy prices are

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