In [an earlier white paper], we noted that based on fundamentals, Energy and Tech looked surprisingly similar. We’ve updated the chart below and admit, tech has pulled ahead a bit. We discussed the potential risks from inflated Tech sales and profits due to vendor financing in Everything AI, a problem that simply can’t exist in
URANIUM GOING PARABOLIC as prices surges above 100 for the first time since 2007 and reaches its most overbought level in history.
It’s hard to think of a worse environmental scandal in recent years than Volkswagen’s 2015 diesel-emissions cheating. The German automaker was rightly pursued by regulators, enforcement agencies and class-action lawyers. The scandal ended up costing Volkswagen an estimated $33 billion in fines and financial settlements—and revealed that diesel-emissions cheating was endemic. In 2020 Daimler AG
In the early 2010s, US shale players were producing oil like crazy, with no concerns about profitability. Then the legs were kicked out from the industry, causing a massive bust, and massive oversupply. In 2021 and 2022, it looked like a very different story. Oil prices were surging and it seemed as though US players
North American natural gas is the cheapest energy molecule on the planet by as much as 75%. Over the next twelve months, we believe this discount could close entirely, boosting US gas prices as much as four-fold. As we go to print, Henry Hub gas costs $3.00 per mcf while European and Asian gas is
Last week, Warren Buffett bought 3.92 million more shares of Occidental Petroleum at prices above $60 per share. But that’s not the only thing we learned from that October 25 filing. OXY has now redeemed over 15% of the preferred shares that Berkshire received in 2019 as part of the Anadarko deal. Back in August,
Fun theoretical exercise I’m currently working on for the @fortisanalysis side of things: U.S. refineries (total) only store about 40 million gallons of military-grade jet fuel at any given time, or about 36,400 flight hours for an F/A-18E/F Super Hornet launched from an aircraft carrier. For 40 x -18’s per carrier, this is about 910
Let’s hope the U.S. economy is truly slowing down – particularly manufacturing – and that the winter is mild. U.S. stocks of distillate fuel (diesel and heating oil) are ending the fall season at their lowest **seasonal** level in data since 1982 | #OOTT
U-R-A-N-I-U-M: The roadmap laid out three years ago, at the breakout, continues to be followed. There’s no reason to change the plan #Commodities #gold #Silver #Uranium