What a difference a week makes. The institutional money and hedge fund lemmings pulled a Jimbo Fisher and headed for the exits as oil prices took the elevator down last week. Prices are down nearly 20% from their September zenith. Already there are fake news protests coming from the members of OPEC+. Obviously not happy with the direction, the […]
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Did you ever pour yourself an ice cold beer? Once it hits your lips, it’s so good. However sometimes you have to wait until the foam settles. Too much foam. Beer good. Foam bad. So much foam. Remember the episode of Seinfeld when everyone agreed that muffin tops were awesome but that the muffin stumps weren’t so great. Elaine spends the show trying […]
The U.S. Gulf Coast has recently witnessed a remarkable downturn in gasoline prices, marking the lowest points in 2023. Prompt CBOB values at $2.024/gal, trading at a 19.25cts/gal discount to the RBOB futures contract, reflecting new 2023 lows. This trend has spotlighted gasoline’s sharp inventory build in the latest months. Refineries are continuing […]
The energy industry was certainly served a platter of trick or treat this month with a couple of colossal mergers in the oil patch. First, ExxonMobil and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion. Next, Chevron said “hold my beer” and last […]
Today on Tank Talk we dive into the Renewable fuel space. Our Guest on the show is Andrea Valerio President and CEO of Verbio North America. Andrea’s long career first started at ENI and eventually moved over to large trading commodity shops. In this Episode, Andrea explains the growth of Verbio and their proprietary technology. […]
Who remembers the old Priceline commercials? William Shatner, with his compelling narrative, would tell us all about how we can get hotel rooms and air transportation at whatever price we wanted. All we had to do was name our price. We could go as low as we wanted, and no one would know what a cheapskate you were […]
What happens when you take precariously low oil inventories, pile on production cuts from two of the world’s largest producers, continue an ongoing war on the Russian front and mix in a war about to happen in the Middle East? One would think that oil prices would go to the moon, right? In actuality, it seems that […]
Tank Talk Hosts Tim LeBoutillier the COO at Roady’s Truck Stops. In this Episode, Tim shares how Roady’s grew to what it is today and potential future growth. Tim also delves into his forecast for how many trucks we will see on the road as the year closes.
It is impossible to contextualize the horror and tragedy of the terrorist attacks in the Middle East over the weekend. Although sanity and reason tend to normalize our moral compass, history tells us that the fabric of our being contains unsettling forces that has led to bloodshed and war over and over again for the past […]
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