Sunday Philosophies

By Paul Sankey Published on April 17, 2022 at 12:48 PM

Greetings from Maryland, With limited computing power at my disposal, and having been in thought since watching Elon on Thursday give a TED interview, followed by self-identified philosopher Alex Epstein on our Thursday Strategy Session, a couple of days off, a stroll in Annapolis, this is note is more ideas in 1,000 words, to make a picture, than pictures worth 1,000 words. No demand destruction because there is nowhere to go to substitute Therefore self-compounding […]

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$200/bbl by next Friday (disty)

By Paul Sankey Published on March 25, 2022 at 8:42 AM

Key messages from Strategy Session with Kathleen Kelley: Oil supply crisis – you ain’t seen nothing yet. The oil market is trading very physically right now, making price discovery more volatile. Watch for distillate markets, which are pricing like crazy, with particular volatility (upside) likely next Friday on expiry – we can see (Sankey says) $200/bbl on expiry of the April contract 31st March, the same day as OPEC is expected to disappoint. Kathleen boldly […]

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Aramco’s Tax Windfall

By Paul Sankey Published on March 22, 2022 at 9:02 AM

Aramco’s full year 2021 results released Sunday (3/20/22) were more historic than perhaps the market appreciated. First, an announcement of a major increase in capex did not yield a major boost in oil supply, from a global perspective. Saudi capacity will rise just 1.5mb/d, exports 2.5mb/d by 2027. Second, an extraordinary statement from Saudi’s foreign ministry should give any observer of global markets pause for thought: Saudi Arabia said on Monday it would not bear […]

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