By Paul Sankey
Published on April 16, 2025 at 10:04 AM
Happy Hour 4pm tomorrow we got us an engineer! Macro guru Michael Kao is well-known for Kaoboy Musings – on Substack and Kaos Theory. His twitter handle is UrbanKaoboy. In a crisis, we all become credit analysts. Michael is a stone-cold macro expert. Register Here: https://sankeyresearch.com/conference/sankey-strategy-session-michael-kao-urbankaoboy-interest-form/ Source: Toptradersunplugged.com ~ Here are a couple of charts I have been looking at, rather back of a beermat, pondering that the tide is half way out. The tide …
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By Paul Sankey
Published on November 21, 2024 at 7:02 AM
Premium Event Today This evening, Happy Hour, top Republican Lobbyist Aaron Cutler, we sent his bio to you yesterday evening. Date/Time – Thursday, November 21st 4PM ET; Guest – Aaron Cutler Registration Link – Click Here ~ We describe this as the worst normalized oil balance we have seen in our careers. Demand fine, monstrous over-supply. In OPEC alone (ie ignoring OPEC+, especially Russia and Kazakhstan) Bloomberg lists 33.5mb/d of crude oil production capacity vs …
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By Paul Sankey
Published on October 31, 2024 at 8:20 AM
The two largest US natural gas E&Ps reported this week, which was interesting. Our observation would be that these companies have gone from buying volatility (hedging their production) to selling volatility (holding spare capacity of unproduced but quickly available natural gas supply) and hence will dampen volatility in US natgas. “Why have oil prices not soared on wild Middle East turmoil, oil should go to $200/bbl?” question the oil tourists. No, spare capacity massively dampens …
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