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Love Letter to Ethane (from the Frontline of the US-China Trade War)

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Quote of the day: “These guys have been fighting for so long, they don’t know what the fuck they are doing.” – Donald Trump
Energy Transition
Paul Sankey

US Biofuels: Roll Me Over in the Clover

With the world watching the Straits of Hormuz, perhaps less on EU natgas prices squeezing on Israeli natgas and refining outages, little attention has been paid to major moves in US biofuel markets over the past couple of weeks. We got ya. This has just about nothing to do with global geopolitics, and everything to do with US domestic politics. We now have an increase in regulation from The Trump Administration, and yet more government

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Paul Sankey June 21, 2025 12:54 PM No Comments
Energy Transition
Paul Sankey

Strategy Session TODAY 12pm ET live from Tel Aviv, Uzi Yemin, Chairman Delek USA

***LIVE FROM TEL AVIV – UZI YEMIN, Chairman of refiner Delek USA ***. Today, ~3 hours time, 12pm, Weds 18th June 2025 Register here for this premium event: https://sankeyresearch.com/conference/sankey-strategy-session-uzi-yemin-interest-form-2/ Here is Uzi’s bio. He qualifies to speak on oil and global geopolitics, as the Chairman of an independent US refiner based in Israel. We have known each other since the IPO of Delek in 2006. https://en.wikipedia.org/wiki/Ezra_Uzi_Yemin~ We are going early, 12pm, today, time zone for

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Paul Sankey June 18, 2025 9:34 AM No Comments

Tomorrow Strategy Session: Uzi Yemin live from Tel Aviv (Chairman refiner Delek USA)

*** Tomorrow: LIVE FROM TEL AVIV – UZI YEMIN, Chairman of refiner Delek USA *** Weds 18th June 12pm – click this link to register for this PREMIUM EVENT https://sankeyresearch.com/conference/sankey-strategy-session-uzi-yemin-interest-form-2/ ~ Save the date, ROOFTOP DRINKS RSVP for this Monday 22nd June 5pm Sankey Research Midtown rooftop drinks with executives and clients in town for next week’s major JP Morgan global energy conference. PLEASE RSVP to me or Sully lol, he is joining. If you

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Paul Sankey June 17, 2025 5:40 PM No Comments
Energy Transition
Paul Sankey

Sunday End Games, 1979, and Ginger Tea

Happy Father’s Day! Having lunch with the three kids this afternoon at 5pm. Specific “Mother’s” and “Father’s Day” as such are American inventions, in West Virginia 1907 for Mother’s Day, and 1909 for Father’s Day as a complement, to be fair to Fathers. Should really be Mom’s Day and Dad’s Day. Mother’s Day in the UK has its origins in the 16th-century custom of ‘Mothering Sunday’, which fell on the fourth Sunday of Lent. So

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Paul Sankey June 15, 2025 4:27 PM No Comments
Energy Transition
Paul Sankey

Casey’s, Gas Prices & the US Consumer

* BREAKING * Major fire at Marathon Petroleum’s huge 600kb/d refinery, live situation More pressure on the Trump Administration regarding oil prices, as pump prices will get squeezed higher here; California pump prices, although not a great Trump concern, are above $4.50/gallon. With that breathless start, and rather than suspend everything on media maelstrom Israel-Iran war, in this note we resolutely take a look at our favourite gas station play, Casey’s $CASY. The underlying premise

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Paul Sankey June 14, 2025 9:03 PM No Comments

Spare Capacity? Not in the SPR

One interesting angle on spare capacity is that the Strategic Petroleum reserve is… broke. Politico: President Donald Trump pledged to replenish the nation’s Strategic Petroleum Reserve after the Biden administration sold nearly 200 million barrels of its stock — but that won’t be as simple as buying more oil. Energy Secretary Chris Wright told the House Energy and Commerce Subcommittee on Energy this week that SPR drawdowns under former President Joe Biden resulted in structural

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Paul Sankey June 13, 2025 9:26 AM No Comments