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Quote of the day: “The real problem of humanity is this: we have Paleolithic emotions, medieval institutions and godlike technology.” E.O Wilson
Energy Transition
Paul Sankey

Malthusian Traps vs AI; Oils vs the Market

Greetings, Two big things today, we approach the week with Mid-term Election trepidation, after a violent end to last week, and Apple earnings etc tomorrow. Plenty of oil earnings. By Friday we will be all-but done, with EOG reporting. A major Long Only client pointed out that BP earnings estimates are far too low, on a stock that already looks extremely cheap. We had a little mutter about the Sellside these days, by which there

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Paul Sankey November 1, 2026 9:03 PM
Energy Transition
Paul Sankey

Premium Only: Transcript/Zoom Robin Mills, live from Dubai, Intelligence

Paul: How does life in Iran relate to the regime under this pressure? Robin: There were huge protests in January, put down very brutally, with thousands killed. Some of the higher numbers are nonsense, but clearly many thousands were killed and many others detained. That happened before the war. From the regime’s point of view it was almost the best thing that could have happened: they killed or imprisoned a lot of potential troublemakers just

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Paul Sankey October 31, 2026 9:13 AM

Big Oil Q3: Team Valero & “Run the Refineries”

Today, results day, you would think that ExxonMobil and Chevron would be absolutely delighted… …with Valero announcing a major refinery restart this morning, right as the Mega US Oils announced massive quarterly results… driven by refining… driven by soaring diesel prices… right before the Mid-Terms… that are swinging Blue… on diesel prices/general global political mayhem. Hence: “We are re-opening a major US refinery” Valero’s line is terrific right here right now, fantastic political fodder for

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Paul Sankey October 30, 2026 3:08 PM
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