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 24, 2025 at 6:57 PM
Good evening, We have previously noted that the Trump Administration needs a foreign war to get past the raging Epstein dumpster fire. Venezuela looks juicy for a distraction. We also noted that this Administration likes major news announcements on key dates, and these can come during major holiday news lulls, ie today. Key numbers, after I did the ring around on Venezuela: As of 2019, Venezuela was estimated ~1.9mb/d production capacity. The Vice President just …
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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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