Sunday Dow Theory, Green, and Browne

By Paul Sankey Published on January 21, 2024 at 4:55 PM

Good day, There it is: Market at a record high. Congratulations to the wealthy of the USA. The top 10% of wealthiest Americans own 89% of stocks ($28 trillion). Americans in the 50th to 90th percentile of wealth own 11% of stocks ($3.4 trillion). Americans in the bottom 50% own <1% of stocks ($19 billion). As we say, the rich get richer and the poor migrate. Today we take a graphic-heavy run through some charts, …

Refining Thematic: The Myth of EVs vs Gasoline * Refining Conference Schedule Launch *

By Paul Sankey Published on December 6, 2023 at 9:08 AM

The final section of our 2024 refining themes takes us to the single biggest sector in global oil, and one with potentially the most dramatic transition: US gasoline. So far we have covered: DIVERGING BALANCES – short distillate, long gasoline; China petchem solves excess gasoline? CAPACITY ADDS – Major additional capacity East of Suez, Nigeria’s Dangote, Mexico’s Dos Bocas DIFFERENTIALS NARROW – Saudi cuts vs burgeoning US light-sweet, Q3 2023 start up of Canada’s TMX RENEWABLE DIESEL …