By Paul Sankey
Published on July 19, 2025 at 7:50 PM
On Tuesday of this week (July 22nd 2025), the highly anticipated results of the capacity auction for the largest regulated publicly traded electricity market in the world, the PJM (Pennsylvania, New Jersey, Maryland) power system will be announced. PJM serves 65 million people with approximately 185 GW of installed capacity and a peak demand of around 153 GW, but more crucially, is the largest data center market in the world. “Think Pentagon” as we say …
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By Paul Sankey
Published on June 29, 2025 at 4:53 PM
Today we do some work. I can see you sitting back on your yacht in Venice, cursing in Italian that Jeff Bezos has ruined your weekend. You call to the captain. Use your hands to be understood: “Questo fottuto Jeff Bezos e il suo stupido matrimonio. Ha 200 invitati e invita Sydney Sweeney? Non è fisicamente possibile che l’abbia incontrata più di due anni fa. Leviamo l’ancora, corriamo a Portofino. Non parlarmi nemmeno della sua …
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By Paul Sankey
Published on January 19, 2025 at 6:51 PM
Welcome to a historic week ahead, Day 1 Trump II… INCOMING SLB opens year-end 2024 oil earnings season with a winner – since the start of 2025 we like the oils. Call us twitchy bulls. The word China scares us, but we are looking for China demand upside starting with winter and scrambling for non-sanctioned oil. Our feeble bull case: Asian LNG is now more expensive than diesel in China, which should reverse marginal demand …
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