S&P 500NA+NA+NA%

NasdaqNA+NA+NA%

VIXNA+NA+NA%

DXYNA+NA+NA%

CONA+NA+NA%

WTI87.81+0.14+0.1597%

NATTY3.31+0.01+0.303%

Quote of the day: “Everything that grows / Holds in perfection but a little moment.” — William Shakespeare.

Energy Transition
Paul Sankey

Sunday Veterans, Newbies, & Seagulls

Afternon, Back in London. Where was memorialized this Sunday morning the 11th minute, 11th hour of the 11th day of the 11th month that spelled the end of World War I. We were out this morning at the Horse Guards Parade (photo above) to watch the Remembrance Sunday parades, with a friend of mine solemnly marching as an officer in the front row of the Black Watch (Royal Highlanders) regimental group. It was moving to

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Energy Transition
Paul Sankey

Red Lines and Yard Sales

Daylight Savings Time claimed yet another victim, as I flew in from Abu Dhabi last evening, landed 8.30pm, and was whizzing back to London base in a cab, when Greg called: “Are you getting on Happy Hour?” he asked. Sure enough – “it’s not until 10pm” was the wrong answer. We hacked it from the back of the cab. ~ At ADIPEC I was watching a CVX executive and a Microsoft executive give the usual

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Autocratic Capitalism, Augustus, November Heat

ٱلسَّلَامُ عَلَيْكُمْ, May peace be with you. Greetings from the United Arab Emirates, in Abu Dhabi, ain’t no elections. Ain’t no elections in any of the UAE, you get the ruling families. Let’s hope they all keep getting on and supporting each other, history says that families, not least in the Middle East, can have problems. But it is a global communality, family dramas. The parallels on this trip, across the course of the history

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Energy Transition
Paul Sankey

Sunday Heroes and Villains

مرحبًا Greetings. I swam to the Antarctic yesterday. I will explain how I managed that – ha ha ha – later in this note, when we talk about Dubai, which like gold, has become a consensus store of wealth. A measure of Dubai: “There are penguins at the Antarctic” said my host, as he eased his speedboat towards a fake island, as I furiously covered myself in sunscreen, through the 5 kph (knots per hour

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Energy Transition
Paul Sankey

When Results Become a “Yard Sale” $CVI $CRK $GEL

In the US suburbs, those Halloween avenues, a “yard sale” is an innocent family rite of passage where the garage is cleared, and in the excitement you try to dump as many of the kids grown-out-of toys. In our world, is the equivalent of a major oil company announcing yet another disposal target. But in skiing, a “yard sale” describes a level of wipe out so spectacular that gear is smashed off the skier, poles,

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Happy Hour & Market Cap Clarification

Happy Hour tonight/this week defers to a heavy day for earnings today followed by Halloween this evening. We will not add to this calendar today. Enjoy. We shall for sure return for Happy Hour next week, if only for Greg and I to review earnings, and for me to make comments on the ADIPEC conference that I am attending in Abu Dhabi next week. ~ We have had tremendous positive feedback for our BP commentary

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