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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
Energy Transition
Paul Sankey

Radio Call from Austin F1: Are we there yet?

Terrific Happy Hour this week, with Robin Mills, a stone-cold Dubai-based geopolitics expert, who was excellent when we had him on in March this year. We need him now. Guest – Robin Mills, Non-Resident Fellow at the Center on Global Energy Policy & CEO of Qamar Energy. Date/Time – tomorrow Thursday 10/29 at 12pm ET (to accommodate Robin live from Dubai where he is based). Full Robin bio to follow before the call. Registration –

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Paul Sankey October 28, 2026 12:17 PM No Comments
Energy Transition
Paul Sankey

SLB & Lakshmi: What Have You Done For Me Lately

SLB comments first, then note the transcript of Lakshmi Sreekumar on Happy Hour last evening. Premium clients will receive the full Zoom recording, which includes both of us swearing like Swedish dock hands. AI tempered the transcript language. ~ SLB’s 64c EPS just does nothing for me, and in my view, nothing for the stock. Barron’s is out questioning whether we should look through the -7% y/y earnings on this one, in a tape that

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Paul Sankey October 23, 2026 10:03 AM No Comments
Energy Transition
Paul Sankey

Return of the Lakshmi & a Map of the Future

Delighted to say that Lakshmi Sreekumar returns to Happy Hour this week Thursday at 4pm. She is quite the character, I just had a great chat with her. She is retiring from Capital One but not oil analysis. You may have noticed she popped up about a month ago on X.com and rocketed to 10k followers. Register for what will be a fun chat on Thursday: https://sankeyresearch.com/conference/sankey-strategy-session-lakshmi-sreekumar-managing-director-commodity-derivatives-capital-one-securities-interest-form/ Source: Dallas Fed Every Sunday after I have

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Paul Sankey October 20, 2026 2:06 PM No Comments
Energy Transition
Paul Sankey

Don’t Shoot Until You See the Whites of their Socks

Greetings, Fall is upon us, no question. The temperature has plummeted, the leaves are dry, the Halloween decorations are out. The autumn sun slants across the streets. We turned the heating on for the co-op yesterday, against a guideline start date of 1st October, per co-op rules. Super-El Nino is expected to be a warmer, wetter, and more volatile winter, and that is playing out right now. This week earnings: “Valero has not missed a

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Paul Sankey October 18, 2026 8:47 PM No Comments
Energy Transition
Paul Sankey

Thematic: India Diesel Monster (Trucks)

Bad news, at least for those of you eager to hear from Robert Clarke, US Upstream Expert at Wood Mackenzie, this evening for Happy Hour, he has been “Struck by the lurgy” – flu, and begged a pardon. Granted, word from Texas is that this flu is a bad one. We warn you to ensure in this modern world, your life is resilient. From floods, power cuts, rampaging mobs, corrupt officials, are you defended? For

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Paul Sankey October 15, 2026 12:18 PM No Comments