By Paul Sankey
Published on April 13, 2025 at 4:14 PM
One of the recent Happy Hour lines that struck me, came from a Republican lobbyist who was a guest in the interim between Trump winning, and Trump being inaugurated. He repeated “tariffs” strongly, then followed up by saying that “During Trump 1, our firm had a track record of 85% success in getting an exemption on tariffs for our clients.” Hmmm. Sure enough, this weekend we have the “Tim Apple Tariff Exemption” whereby suddenly per …
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By Paul Sankey
Published on February 18, 2025 at 9:08 AM
Greetings! It’s a whippy 21°F here in Brooklyn Heights, -6°C. This is the windiest street n New York City, running parallel to the promenade along the exposed hill over looking the grey-icy Atlantic in New York Harbor, with 30mph ice blasts taking wind chill to -7°F, -17°C. This morning at 6:15am at Clark Street, at The Drip coffee kiosk at 6.15am my voice wavered, and cracked, as I asked for my daily “large, ah, iced …
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By Paul Sankey
Published on January 24, 2025 at 9:31 AM
Valero! Today we look at the company’s latest indicator margins and go deeper on the one chart that looks positive. Renewable diesel margins <crowd groans>. Valero! We are delighted as always to host CEO Lane Riggs and full crew by Zoom on 13th February – Thursday morning. As tradition dictates, we can commemorate my rookie season as a US refining analyst in 2005 and the note “The Valentine’s Day Massacre”. It remains the best worst …
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