By Paul Sankey
Published on September 9, 2026 at 11:37 AM
Energy investors were shocked by the AI selloff in July, the tide went out real fast, revealing a lot of naked-long AI-energy swimmers. So yesterday, the Barclays start-of-analyst-year conference in New York had some strongly pleasing backdrop after a tough mid-summer: Oil hits $100 Refining margins off the scale Gulf Coast WTI 321 $67/bbl MARGIN Investor favourites Solaris Energy Infrastructure rips +16% on 40% guidance increase on first day of Barclays. We are back, baby. …
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By Paul Sankey
Published on August 2, 2026 at 7:26 PM
Greetings, After sending you a UAE note yesterday that tried to start punchy with Hormuz volume charts, then later went back 2,500 years to to Cyrus the Great, Persian Empire I, today we have mostly charts. “You, me, and the UAE” was emailed to you yesterday intra-Saturday. It feels a momentous time in writhing markets, and it feels like the combination of the Japanese Yen, the new Fed Chair, and well, Korea’s Kopsi index, never …
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By Paul Sankey
Published on January 24, 2026 at 1:56 PM
We wrote to you regarding the world’s largest traded power market covering the world’s biggest data center cluster, Pennsylvania-Jersey-Maryland (PJM) capacity auction in mid-2025. Unsurprisingly, although sidelined by mega-headlines such as Venezuela, Iran, Greenland and Davos, there has been more controversy. And this massive ice storm is likely to further escalate the sense of crisis that is growing regarding PJM. Basically we forecast a PJM slow motion trainwreck, that will require crisis management. We predicted …
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