By Paul Sankey
Published on May 10, 2026 at 2:01 PM
Greetings from Guadalajara, We attended family wedding. Quite the fiesta. I’ll give you a hint: this is the capital of Jalisco, the home of Tequila. ~ The past week was absolutely bewildering in global oil markets; the market seems to buy a peace narrative which we greatly struggle to believe in. As considered from the crisis start, we cannot see that the Iranian Revolutionary Guard will easily cede its sudden position of global super-power (especially …
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By Paul Sankey
Published on January 7, 2026 at 9:53 AM
My 6am morning coffee run this morning was shrouded in a Dickensian fog, dark figures in dark coats, streetlights almost candle-weak. It was hard to not find that meaningful in today’s bewildering markets. The Fog of War (a great film, highly recommended, on Kennedy/Johnson Defense Secretary Robert McNamara). The first surprise was not the removal of Maduro and his wife, but the lack of positive momentum for María Corina Machado, who had appeared to be …
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By Paul Sankey
Published on December 14, 2025 at 3:57 PM
Greetings, Snowing across New York City. We are getting a good couple of inches as I write, and noted that apparently, Jay Peak Resort in Vermont has seen 185” of snow so far this season, as of yesterday. We are hitting 3”, second fall of year, first proper snowfall. East Coast ski resorts are thrilled. It was a busy week, starting with Energy investor darling GE Vernova reported results, beat and raise then ExxonMobil had …
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