DALLAS SALAZAR 🇺🇸 @FracTechWildcat

Neil Chapman, SVP of Exxon:

If you haven't already, call your prime broker to engineer a bespoke package of long‑dated, far‑out‑of‑the‑money Brent CALL options and #LeverUp. This could be/should be a once-in-a-lifetime trade that allows you to throw a firecracker in a canyon: small spark, big echo. 🪵🪓

Brent is already on an irreversible path to $150. Even if the Strait of Hormuz reopened tomorrow, we’d still get there. We’re past the point of no return, the market just hasn’t priced it in yet.

Brent at $150 isn’t a moonshot scenario. It’s the base case the market refuses to price. I have refused to bet against innovation my entire time in energy, but this time, I just don't see a way around it.

The setup is already locked in: Structural underinvestment Shale exhaustion Fragile spare capacity Thin inventories Geopolitical recurrence risk Flattened demand curve Nonlinear price dynamics This isn’t a forecast. It’s a delayed mark‑to‑reality.

Demand destruction only kicks in after a violent price spike, not before, and when spare capacity is thin, price discovery becomes nonlinear. Oil doesn’t grind higher. It jumps.

Now, let’s address the “demand destruction” argument. At sub‑$150 Brent, demand destruction is not the limiting factor. Why? Because the world’s demand curve has flattened; emerging markets absorb price shocks far better than they did in 2008.

And yes — the Strait of Hormuz matters. But even if it reopened tomorrow, the market now understands something new: closure risk is no longer a tail risk, it’s a recurring probability. That alone forces a structural risk premium.

Inventories are razor‑thin. OECD stocks are low. SPR is depleted. China is drawing down. Floating storage is minimal. We don’t have the barrels to absorb a shock.

OPEC spare capacity is overstated and concentrated in the most geopolitically fragile region on earth. Paper barrels ≠ real barrels.

U.S. shale is no longer the swing producer. Tier‑1 inventory is largely exhausted. Productivity gains have stalled. Public E&Ps refuse to chase volume. Private operators can’t offset the decline curve. The “shale will save us” era is over.

Upstream CAPEX is still ~40% below the 2010–2014 average. You can’t starve supply for a decade and expect stability. Physics doesn’t care about policy narratives.

The world is structurally short oil. Not cyclically. Not temporarily. Structurally. A decade of underinvestment is colliding with the end of shale’s hyper‑growth era.

@ioswallpaperx @xdownloaderbot

@koinu0925 🤟🏻🤟🏻🤟🏻

@JCHartzell We'll miss you at UT! Good luck at your new stop!

$ATLX NEWS: Atlas Lithium Progresses Towards Key Permitting Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that the technical management group of the state of Minas Gerais Environmental Foundation, the governmental agency regulating operational licensing within the state of Minas Gerais (the “Agency”), issued a 161-page technical report which recommends approval of Atlas Lithium’s permit application for its Neves Project. This is a critical step for the Company’s ability to receive the permit to assemble and operate its lithium processing plant and to process the mined ore at the facility. Atlas Lithium filed its operational permit application on September 1, 2023. Since then, the Company’s Neves Project has been inspected by the Agency’s technical team, an essential step in the permitting process. During the last twelve months, Atlas Lithium received multiple sets of technical questions from the Agency’s staff which the Company addressed timely, leading up to the issuance of the Agency’s comprehensive report with the favorable recommendation for the approval of the Company’s permit application. Marc Fogassa, CEO of the Company, commented, "This milestone announcement is one of the most significant developments in Atlas Lithium’s history. We extend our gratitude to the numerous experts from the environmental agency of the state of Minas Gerais who thoroughly analyzed our project and concluded with their recommendation for approval of our permit. We are continuing our steady progress towards becoming a producer." In other news, preparations continue as planned for the shipment of the Company's lithium processing plant to Brazil. The plant’s components, manufactured in South Africa, will be assembled in Brazil to process ore from the Company's Neves Project and produce lithium concentrate, a crucial commercial product in the global lithium supply chain and essential for EV battery production. “The Atlas Lithium processing plant represents an advancement over traditional designs as it is compact and modular. We are making continued progress in finalizing all necessary pre-shipment steps”, said James Schloffer, a lithium processing expert and member of the Company’s Operations Committee. The Company’s compact, modular plant design is expected to streamline transportation, installation, and commissioning. Compared to other processing facilities in the lithium industry today, this dense media separation plant will have reduced height, weight, and overall physical footprint. These features will contribute to an environmentally sustainable design that minimizes water usage by maximizing water recycling. Furthermore, Atlas Lithium’s project will employ dry stacking of tailings without the use of dams. newsfilecorp.com/release/224188 $ATLX #Lithium #EV #GreenEnergy

Orsted has cancelled its "FlagshipONE" green fuel project, once touted as the largest of its kind in Europe, taking >$200m in write-downs. As I wrote earlier this year in an @opinion column, the green fuels bubble is bursting, particularly in Europe. bloomberg.com/opinion/articl…

Our team was honored to present our vision to the visiting U.S. representatives at our Brazilian office. $ATLX is poised to significantly contribute to the global #lithium supply with our extensive mineral rights portfolio in Brazil's Lithium Valley. buff.ly/4dC7Dpy

No more fizz? How a steelworks strike puts carbonated beverage production at risk mexiconewsdaily.com/business/co2-s… via @mexico News Daily