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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

Happy Hour: Tom Kloza starting NOW & Saudi Budget

Starting now: Tom Kloza on Happy Hour – bio at end of this short nate · Guest – Tom Kloza · Date/Time – Thursday, September 17th at 4pm ET NOW!!! · Registration – Click Here Crazy things are happening downstream US and globally, and Tom is a great guy to talk about the US market from gas pump to pump jack, and no doubt has a view on the Middle East. I can ask him

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Paul Sankey September 17, 2026 3:49 PM No Comments

Life is never so bad (that it can’t get worse) – Calvin & Hobbes

Happy Hour 4pm Thursday (tomorrow) this week: Tom Kloza, a great guest with deep knowledge of US oil market nuts & bolts, from refining to base oils, terminals, barges and arbitrages. My joke is that Tom started trading pork bellies in the roaring 20s when he was just 6, was a young gasoline pit trader in the 1980s, etc. He is assuredly from the old school of oil trading. On today’s DOE data: Source: X.com

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Paul Sankey September 16, 2026 10:39 AM No Comments
Energy Transition
Paul Sankey

Solaris: Sand to Silicon; Barcap Day 1

Energy investors were shocked by the AI selloff in July, the tide went out real fast, revealing a lot of naked-long AI-energy swimmers. So yesterday, the Barclays start-of-analyst-year conference in New York had some strongly pleasing backdrop after a tough mid-summer: Oil hits $100 Refining margins off the scale Gulf Coast WTI 321 $67/bbl MARGIN Investor favourites Solaris Energy Infrastructure rips +16% on 40% guidance increase on first day of Barclays. We are back, baby.

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Paul Sankey September 9, 2026 11:37 AM No Comments
Energy Transition
Paul Sankey

Gopher Holes, Farmers, Lobbies, Mid-terms and Diesel Tank Bottoms

Strap in everyone, we are entering the time of year, post-Labor Day, when time flies. Before you know it, it will be January. NFL: my Giants snouts are calling for a 0.500 season. Ufff. Yankees are in the playoffs, the Mets have been a total, complete, disaster. Highest payroll, worst results. ~ Tomorrow, Tuesday at the big annual energy conference that starts our year, on the marathon from Labor Day to Memorial Day, we have

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Paul Sankey September 7, 2026 2:37 PM No Comments
Energy Transition
Paul Sankey

Labor Day Bonus: All-Star Happy Hour Transcript & Zoom replay

Hi, we had a great call with Frank Kelly, Kathleen Kelley, Jan Stuart, Gordon Shearer on Thursday evening. It was especially fun when Jan declared he totally disagreed with Kathleen. Cage match! Frank on Washington DC. Kathleen on surplus oil. Jan on oil tightness. Gordon on LNG tightness and upcoming shut down of Russian LNG to Europe, which adds major pressure to Russia and its collapsed export earnings. As a bonus because I am in

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Paul Sankey September 5, 2026 9:12 PM No Comments