T’Was The Last Energy Report. The Energy Report 12/24/2024

T’Was the Last Energy Report before Christmas, as bears had more doubts, and they changed positions with just a click of their mouse.

The hedge funds put on bull positions with care and hoped that their equity still would be there.

A net long position the newspaper read, the largest in a year; caused bear traders some dread.

With the war in Ukraine and a Russian price cap, Iranian sanctions could cause a bear market trap.

Supply and demand is now starting to matter; as we have less of the first and more of the latter.

Even when it seemed the oil might crash. It turnaround higher and flew like a flash.

The trend on Brent is now starting to go as global oil inventories are exceedingly low.

When my wondering eyes did appear, OPEC plus extends cuts for most of next year.

They made the decision so lively and quickly; I knew in a moment it might do the trick.

US output is starting to wane as Bidens energy policies are really to blame. He gave power to OPEC who I will call out by name.

Yes Iran! Yes Iraq! Now Kuwait and Algeria! Yes Venezuela! And UAE! And Qatar and Nigeria! Libya and Ecuador may have their backs to a wall, but Saudi Arabia will bide to stand tall. Just go away, please go away just go away all!

The American People just won’t let this fly, they wanted to drill again in a blink of an eye. Make America Great again they stewed and elected Donald Trump to make his dance moves.

And then, when elected, stocks went through the roof/ Drill baby Drill will have its moment of truth. America’s Energy fortunes will be turning around and hopes for world peace will start to rebound.

With energy dominance afoot. Our enemies’ plans will all go kaput. US oil and gas will put us on track and stop Iran’s funding for terror attacks.

Trumps will make it simple; play ball and be merry; or be sanctioned and get your whole economy buried.

Oil projects won’t be tied up like a bow and he will fast tract approvals if you spend enough dough.

The oil producers won’t be kicked in their teeth, and can now just their jobs be giving, What a sigh of relief.

Bidens regulators would give them a kick in the belly while codling foreign producers which seemed a little bit smelly.

Yet Trump Is now back like a jolly old elf, and I am Singing YMCA is spite of myself.

 Trumps wink of his eye and the twist of his head should give the oil patch confidence that they have nothing to dread.

Now America can go back to work, knowing someone in the White House will put Americans first.

Trump went to his plane, just like a missile and salute the soldiers before their dismissal.

But I heard him exclaim, he walked out of sight. Make America Great Again and to all a good night!

Still our soldiers are fighting in land far away and we must remember to pray for them each passing day. It is for you and I that they put up this incredible fight;  so to them and to all of you Merry Christmas and goodnight.

Thanks,