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Quote of the day: “The real problem of humanity is this: we have Paleolithic emotions, medieval institutions and godlike technology.” E.O Wilson

Chevron Happy Hour – Registration Link

Thank you, anonymous hero and friend, for pointing out that I forgot to add the link for tomorrow’s Happy Hour with Jeanine Wai, Chevron IR, 4pm ET in a big week for the company. Register here: https://sankeyresearch.com/conference/sankey-strategy-session-jeanine-wai-interest-form/ To focus on the CVX outcome here, it’s pretty clear Eimear Bonner will be next CEO and Jeff Gustavson, by then, the established CFO. You can see Mike Wirth continuing as Chairman, which separation of Chair and CEO

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Paul Sankey October 7, 2026 4:43 PM No Comments
Energy Transition
Paul Sankey

Chevron News & Happy Hour Tomorrow

With a lot of newsflow, Happy Hour will feature Chevron tomorrow, Thursday Oct. 8, at 4 ET, with locked-in guest Jeanine Wai, Director of IR. Maybe she can bring a bonus guest. My Masters of the Universe dinner with a major market maker is tonight in Midtown. I am back in Brooklyn after a great weekend wedding in Michoacán, Mexico, the world’s avocado capital. DOE – Refining Right at top of Range for time of

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Paul Sankey October 7, 2026 12:00 PM No Comments
Energy Transition
Paul Sankey

Late For Your Own Funeral

Welcome to October 2026 covering oil – (or we say global “Energy and Energy-adjacent”). Because of course, right now it is not just about oil. AI, power. Natgas. We are sucked into industrials and defense. “In the last 72 hours, 4 tankers were hit out of 125 that passed. 3 of the 4 completed the transit, as damage was minimal” Are they firing blind? “100%. We took out 200+ small boats, 80+ radars and early

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Paul Sankey October 5, 2026 8:10 AM No Comments
Energy Transition
Paul Sankey

Late For Your Own Funeral

Welcome to October 2026 covering oil – (or we say global “Energy and Energy-adjacent”). Because of course, right now it is not just about oil. AI, power. Natgas. We are sucked into industrials and defense. “In the last 72 hours, 4 tankers were hit out of 125 that passed. 3 of the 4 completed the transit, as damage was minimal” Are they firing blind? “100%. We took out 200+ small boats, 80+ radars and early

Read More »
Paul Sankey October 5, 2026 8:10 AM No Comments

Crude Chronicles on Happy Hour – $200/bbl and BUY RIG

Happy Hour is a premium product but I am making this a general distribution to support my mate “Crude Chronicles”. It is a video, because he talks about slides and charts, and if you know anything about making a great chart, you will know that this is the task of heroes. I was extremely touched that Rob credited me with encouraging him to start his business. I was a bit blase in the moment but

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Paul Sankey October 3, 2026 3:40 PM No Comments

Modern History: Hormuz (and Happy Hour)

TODAY on Happy Hour, fantastic long term analyst Rob Connors, aka Crude Chronicles, we highly recommend his research product through Substack. Register here for the Zoom at 4pm today ET. https://sankeyresearch.com/conference/sankey-strategy-session-robert-connors-interest-form/ Source: The Crude Chronicles You can sign up for Rob (https://thecrudechronicles.substack.com/) after you hear him on the call, a former sellside analyst, he has a passion for literally going to the library and grinding through deep financial and particularly commodity history. As you will

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Paul Sankey October 1, 2026 1:11 PM No Comments