By Paul Sankey
Published on December 28, 2025 at 7:19 PM
Seasons Greetings! Let me ceaselessly cheerful here, because if you don’t laugh, you might cry. In fact, there’s a fundamental factor in life today, which is that people perceive the world to be doomed and their own life to be pretty much excellent. Whereby, you can see it in polls. “My life in the USA is great, but the USA is a disaster”. Below, this is share of people satisfied with life vs satisfied with …
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By Paul Sankey
Published on October 10, 2025 at 10:14 AM
With oil wobbling down towards under $60/bbl WTI, we started our Happy Hour with Kaes Van’t Hof talking about a bearish bet that we had shared back when Donald Trump announced the Penguin Tariffs. Here is the recording, it is interesting that neither I, nor more importantly Kaes, can rationalise current commentary that has US oil production as rising quite strongly. It simply does not stack up with what he sees in the Permian, nor …
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By Paul Sankey
Published on August 13, 2025 at 10:29 AM
Delighted to say that Peter McNally, great friend and very highly regarded energy investor/analyst, will be the guest on Happy Hour this week – I am a bit embarrassed not to have asked him sooner. Peter is Global Head of Sector Analysts at Third Bridge , a 1,500-strong investment research firm. In his role, Peter goes deep on key subjects, using expert external consultants. Peter lives in a world of thematically-driven ultra deep-dive research, perfect …
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