By Paul Sankey
Published on October 25, 2022 at 9:38 AM
US Natgas:cash price at Waha trading negative today. Boy is it good to be long natural gas supply in the USA. That mega-theme is probably under-appreciated. For example, it makes the US$ really strong. We went from zero LNG exports to largest LNG exporter globally from 2016 to 2022; production is booming. Note in the left chart below: zero LNG exports at start 2016. Incredible performace from the US oil & gas industry. $RRC: we opened […]
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By Paul Sankey
Published on October 19, 2022 at 8:56 AM
With attention on a major oil announcement by President Biden today, widely leaked as a further Strategic Petroleum Reserve (SPR) release that amounts to stuffing a leaking dam with non-sustainable paper towels, we have been highly critical of the Biden Administration’s Energy policy. We have also slammed the European Union and UK, notably starting with our 2021 thematic note “Britain & Germany vs the USA” that foresaw a European gas crisis far before Russia ever […]
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By Paul Sankey
Published on August 12, 2022 at 9:25 AM
We like the long oil trade here, explained Europe is at war. Russian/EU gas expert Jim Henderson was stark on our call: Russia is waging full scale economic war on Europe. Winter is coming. Darling! I never knew you cared Bull trade in oils is back on, in our view. First, we contend that oil equities often predict the next move in oil, the commodity. As shown below, over the past five days E&Ps (and […]
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