By Paul Sankey
Published on April 6, 2025 at 6:55 PM
Assuming you have not just returned from a vacation to Mars, there is no need to describe what happened last week. Remember our old line that “OPEC cuts are bearish US natgas prices?” Well, we come back to that later. OPEC increases this past week… bullish natgas. As we noted in the weekly video we sent Thursday/Friday, we like natgas, gold, (and tobacco). We don’t like refining, oil service, and E&P. Watch this week for …
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By Paul Sankey
Published on January 26, 2025 at 4:38 PM
A short catch up note today, struggling to see through the blizzard of wood chippings flying out of Washington DC: smoke, flames, feathers, shards of ice … in fact the blizzards and smoke are veritably across the whole USA, as President Trump seems to be everywhere, and making speeches everywhere, with regular but subject-scattered commentary, at-times with wild implications. And that was Week One. Gone are the days of Joe Biden making “no comment” or …
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By Paul Sankey
Published on January 12, 2025 at 5:45 PM
One mega-policy that is emerging for Trump II is an old classic: The Monroe Doctrine. In this note we run through an argument that says, “truly anything can happen with Trump and foreign policy.” Pinball market. The key uncertainty is China, where economic weakness in China suggests Trump holds the power Shipping stocks ripping imply Russia-Ukraine will be a protracted negotiation; we see Biden tightening shadow fleet sanctions as strengthening Trump’s and Saudi’s hands; and …
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