By Paul Sankey
Published on March 22, 2026 at 8:53 PM
Goodness me, TDS (Trump Derangement Syndrome), indeed. I’m not talking about my own psychology. This “ahead of schedule” Gulf War III is going horribly ahead of schedule in the completely wrong direction. For an example of a total opposite effect, Iran flipping a ballistic missile at Diego Garcia did not fit with the original “Iran will quickly will run out of missiles”. My entreaty to the President to stop with the thesis drift and reset …
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By Paul Sankey
Published on March 15, 2026 at 7:12 PM
We could be in for a wild week ahead, with March 20th, Friday a key date, after strong market rumours that the Treasury shorted April crude last Tuesday. The expiry on that short position – if market chatter is true – will be Friday March 20th, which synchronizes with the end of Ramadan Friday March 20th and the start of Iranian New Year, Friday March 20th. Just to start, a comment from a major US …
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By Paul Sankey
Published on January 14, 2024 at 6:00 PM
Greetings, We sent you a California write-down theme note yesterday “Exxon, Chevron, and Brangelina”, concluding that you want to own oil and gas companies exposed to California because of the State’s self-imposed tightening of its own energy balances. Essentially California is becoming steadily more import dependent, particularly for natural gas, which dominates its power supply. Key names are, CRC, Tourmaline, Matador, midstream Kinder and Plains All America, and of course Chevron and ExxonMobil, the last …
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