Family Feud Thematic: US E&P capex 2022 guidance vs actual delivery – guess what the survey says ~ My Melbourne-based Aussie sister and I were standing at the Hyde Park Round Pond, London, opposite Diana’s old pad, Kensington Palace, and we observed a black swan. Yeah, black swans are here. But then how is grey London, day after day of grey? March 12 (Reuters) – Britain’s biggest high street banks have been given a 24-hour…

This evening Happy Hour STEVE LEVINE battery guru, on batteries, EVs, and Tesla’s bomb analyst day PREMIUM EVENT: Today Mar 9th, 2023 5:00 PM ET, I will host from London: Register: https://us02web.zoom.us/meeting/register/tZcqd-muqz8rH9WpT1BJVZQWdrpsaTDQyJjY Steve Levine is editor of The Electric, a premium battery/electric vehicle publication. Prior to that, he launched and ran The Mobilist at Medium, a blog on electric mobility; and The Next Zeitgeist, on the “next-next future”. He conceived, launched and ran Future, a…

“Profoundly sorry” was the final message to many employees from Embark autonomous truck CEO Alex Rodrigues this week as he announced the firing of 230 staff, 70% of the workforce, and worse, the winding down of the company as a going concern. We too are profoundly sorry, for our positive stance on the stock when we first wrote a theme note on Embark with the NASDAQ at a record high (September 2021) when I attended…

Short note today after we sent you a juicy read yesterday on US oil and the global importance of understanding – or trying to – Pioneer’s Permian/Midland inventory. Attached again today. The EIA speaks to our note, that concerns the changing nature of US “oil” production. So, one strange feature of current oil markets has been the loss of confidence in the weekly DOE oil data. Everybody is upset by the wild adjustment factors in…

Greetings from London, If somebody on this grey Saturday is more concerned with the Permian than me today, I would like to meet them. Indeed, if you are in London in the next couple of weeks and want to talk US energy with me in person, RSVP. If you want to talk virtually anywhere in the world, RSVP. In the attached note, we continue our “Inventory Underhang” theme by iterating Pioneer’s most recent results and…

Photo above: empty gasoline barge, more Manchester weather in NYC. ~ No Happy Hour tonight… it’s the Tesla 2023 analyst meeting at 4pm Eastern. NEXT WEEK HAPPY HOUR we have Steve Levine, battery & EV guru, on to talk about the Tesla meeting, batteries, and as author of The Electric at theinformation.com. He wrote the book Powerhouse: America, China and the Great Battery War. Noted today that it was announced today that Aramco is taking…