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Author Archives: Ernie Barsamian

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PADD 1B Bio Storage Demand & Imports

According to The Tank Tiger’s Storage Demand data,  in late May through June of last month there was a sharp increase in storage demand for Bio. Entirely all of this demand was from imports via Vessel. Since there is already a shortage in heated bio tanks in NY Harbor, other ports outside in PADD 1B […]

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Oil Markets Find Optimism Amidst Debt Ceiling Talks, as Short Sellers Face Saudi Energy Minister’s Warning and OPEC+ Meeting Looms

We’re about two weeks away from Mass Appreciation Day which is, without a doubt, the most relaxed and fun industry event on the calendar that has led to many many many long standing business relationships and everlasting friendships over the years. If you’ve never been, why not give it a try? If you are a Mass Appreciation […]

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Holiday Hustle: Energy Developments, Travel Records, and Office Escapes

We hope everyone had a fabulous holiday weekend with friends and family while celebrating Independence Day. Of course, with whatever crumbs remain of this work week, we’re all sure that you are diligently “working from home”. Yeaaaaah right. I guess the good news is that your boss is also “working from home”. So, if we have a minute to […]

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Brewing Concerns: Fed’s Coffee Break from Rate Hikes and OPEC’s Oil Price Struggles

It’s about time that the Fed waits in line at Starbucks and orders an American Cherry Pie Frappucino and takes a loooong coffee break from rate hikes. They seem to have forgotten that there is a cumulative impact AND a lag effect related to their hawkish actions that still have yet to play out while everything […]

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Bold CPI Prediction: When Bad Means Good in Economics and Energy Markets

Some of us might know that getting older comes with a lot of side effects from going to bed before 10 p.m. to not being up to speed on today’s acronymic vocabulary. Having said that, does anyone remember when you said something was “bad” because you actually meant that it was good…. actually “bad” means even […]

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Drill Baby Drill: Money Talks, but Rigs Walk – The Treadmill of Oil Production

“Drill baby Drill”  It’s a lot of fun to say, and some people think it makes them look smart when they say it. But if you ask domestic producers, it really doesn’t make any sense. If their financial backers thought that they could make money by drilling, they’d be drilling…baby. It’s not about politics. It’s about the Benjamins. Last week, rigs […]

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Pennsylvania: New Listings for Distillate and Gasoline Storage, Eclipse in Titusville, and Market Updates

Fair Harvard has her crimson, Old Yale her colors too, But for dear Pennsylvan-i-a, We wear the Red and Blue. Hurrah! Hurrah! Pennsylvan-i-a. You don’t have to be a cheesesteak loving, pretzel hugging Penn Quaker to enjoy the fruits of Pennsylvania. But when it comes to terminal storage, we’re exceedingly delighted to announce that we have no […]

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