Venezuela is suddenly back on the table after being branded un-investable, and the tone shift has Mark and Kirk picking apart who blinked and why Exxon's posture lines up with Chevron's quiet move next door. Summer driving season is squeezing crude inventories, Microsoft pulled the plug on Claude Code licenses, NextEra swallowed Dominion for $67 billion, Devon dropped $2.6B on a Delaware lease sale, and XAI is running 46 turbines without federal permits. Physics keeps showing up uninvited.

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00:00 Nantucket, baseball, and barehanded line drives
01:38 Venezuela back in play and Exxon's un-investable reversal
10:31 SPR draws, tank bottoms, and summer driving season
16:33 Sparkling water inflation check
17:03 Microsoft cancels Claude Code and the AI energy bill
22:22 Strait of Hormuz, insurers, and Iran's slow rebuild
24:33 Devon spends $2.6 billion on a BLM lease sale
27:17 Delaware Basin economics and Taylor Sheridan as an oil man
33:07 NextEra buys Dominion in a $67 billion deal
37:14 Nantucket property taxes and the ratepayer problem
40:07 XAI's 46 turbines, the EPA, and Colossus 2
44:30 Texas vs Massachusetts taxes and Memorial Day sign-off

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