Sunday First Sons and Solar

By Paul Sankey Published on June 16, 2024 at 12:15 PM

Greetings, We sent you long-ish notes on Gas station stock CASY, and on Donald Trump vs Iran over the past couple of days, so this is brief. Rather bereft about oil markets, we take a look at summer power. A summary of this note by AI in 30 words: AI’s energy consumption contrasts sharply with its practical benefits, while NVDA stock keeps rising. Meanwhile, the electricity outlook shows potential summer power shortages. First Solar remains …

Sunday Saudi Puts, Iran Puts, SPR Puts, and

By Paul Sankey Published on May 12, 2024 at 7:08 PM

We have hit that point in oil markets when suddenly, just like that, all the newsflow turns bearish. Better put “seems bearish”. Once again, like our commentary on US distillate looking less terrible when you add back renewable diesel (note published last week), latest reports of the death of the oil market are over-stated. Prior reports have proven completely wrong. While there may be bearish fears regarding the upcoming June 1st OPEC meeting, the reality …