By Paul Sankey
Published on June 14, 2026 at 4:26 PM
As I write this, we are rushing to get ahead of the 3:30 p.m. ET press conference planned for President Trump today regarding the seemingly endless “Deal Very Soon” situation with Iran. Let’s repeat our quote from the 2000s Iran nuclear EU “It’s like playing chess with a monkey. You get them to checkmate, and then they swallow the king.” Watching the U.S.–Iran dynamic right now feels exactly like watching a Knicks game: we constantly …
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By Paul Sankey
Published on May 25, 2026 at 6:28 AM
Greetings, Refusing to chase Hormuz headlines for risk of insanity, I took a wander through the E&P headline of the week: Devon’s record-breaking $2.6 billion Federal Lease buy from the Bureau of Land Management in the prime Permian Delaware Basin, New Mexico. It was a historic sale—sweeping up 16,300 acres at a staggering $161,500 per acre—that triggered me to once again go down a rabbit hole driven by my own interest; sense-checking some old valuation …
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By Paul Sankey
Published on May 10, 2026 at 2:01 PM
Greetings from Guadalajara, We attended family wedding. Quite the fiesta. I’ll give you a hint: this is the capital of Jalisco, the home of Tequila. ~ The past week was absolutely bewildering in global oil markets; the market seems to buy a peace narrative which we greatly struggle to believe in. As considered from the crisis start, we cannot see that the Iranian Revolutionary Guard will easily cede its sudden position of global super-power (especially …
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