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 May 4, 2025 at 5:01 PM
May The 4th Be With You, Boom boom! To end this note I explain why the onset of May changes my behaviour – as a rule of thumb – regarding oysters, cinemas, and Broadway shows, until once again there is an “R” in the month – SeptembeR. May to August, driving season, is my favourite season. We just flipped the winter to summer switch in NYC. Last week went from freezing to boiling, right on …
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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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