“If a tree falls in a forest and no one is around to hear it, does it make a sound?” If you were at the OPEC+ meeting last week, you probably weren’t working for Reuters, Bloomberg or the Wall Street Journal. Apparently the leaders of the cartel didn’t want anyone to know what they were discussing or […]
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Date 7/18/23 In a global game of chicken on the world’s grandest stage, OPEC + has repeatedly bragged about its production cuts and collaborative stamina in its efforts to bring “price stability” to the market. On the other side, the brash Wall Street paper trading short selling energy traders said “Hold My High Noon” and scoffed […]
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It was great seeing everyone on Cape Cod last week. We saw many customers of The Tank Tiger and were excited to meet so many potential new ones. In fact, we had so much fun that The Tank Tiger is operating out of our Falmouth, MA office this week where this morning it is a delightful and […]
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The plot has definitely thickened. In fact, it’s all ponco and convoluted. Heat waves can have significant effects on the energy business, impacting both the supply and demand sides of the equation. Crazy temps result in increased electricity demand and strain on power generation. Extremely hot temperatures can reduce the efficiency of solar panels and, of course, lead to […]
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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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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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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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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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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” 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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Tank Talk
