Renegade Resources

What accepting Iran's seven demands would mean for American geopolitical power

The implications of Washington accepting Iran’s seven demands extend far beyond the nuclear negotiations or the political consequences for President…

Nov 5 • Tracy (Chi)

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October 2026

Refining Capacity Per Person Peaked in 1980

The world has not built its way back in 45 years.

Oct 18 • Tracy (Chi)

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August 2026

The Scarcity Opportunity in Washington's Foreign Equipment Grid Ban

An emergency order moves foreign equipment out of the US power system. Domestic suppliers across transformers, grid components, and switchgear stand to…

Aug 31 • Tracy (Chi)

25

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Venezuela: The Reserve Illusion

The biggest oil deal in world history buys a stock that takes decades to become a flow, and a reserve number that was never proven to begin with.

Aug 30 • Tracy (Chi)

58

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Silver: The Vault Is Draining

Six years of structural deficit. Supply cannot respond and demand keeps climbing.

Aug 23 • Tracy (Chi)

48

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What DOE Reports Is Not What DOE Can Deliver

Big Hill is offline. West Hackberry is constrained. Bayou Choctaw is undeliverable in warm months. Bryan Mound is doing all the work, and Bryan Mound is…

Aug 4 • Tracy (Chi)

35

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July 2026

Cushing Is Approaching The Operational Floor

Faster than the paper market is priced for. Four to five weeks of buffer at current draw rates.

Jul 30 • Tracy (Chi)

37

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The Reopening Trade Is Ahead of Actual Barrels

Crude has round tripped to its pre war price on a reopening that hasn’t happened and a glut that isn’t here.

Jul 5 • Tracy (Chi)

41

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June 2026

Cuba. Same players. Different geography.

I wrote in January that the Venezuela operation was not about oil.

Jun 20 • Tracy (Chi)

46

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Copper: We Have a Problem

Why the world’s most critical metal is structurally short supply and consensus is still behind the ball.

Jun 1 • Tracy (Chi)

57

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May 2026

A Critical Mineral Deficit Trade: Long Term Trade

A critical mineral goes into structural deficit by 2027.

May 22 • Tracy (Chi)

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AI Capex Doesn't Care About the Strait Today. Mid 2027 is a Different Story

The Nasdaq printed a fresh all time high above 29,300 today with the Strait of Hormuz still closed.

May 8 • Tracy (Chi)

47

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