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Category Archives: Tank Blog

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Dispatches from the Grapevine: AFPM Shenanigans, Economic Musings, and Oil Market Contemplations

Greetings from Grapevine, TX…..it was great to see the gaggle of midstream and downstream aficionados running around and getting lost like chickens with no heads at the Gaylord hotel. It was great to mix it up with the bent elbows as they not so humbly and endlessly wassailed about their refining and trading accomplishments of 2023.  Kudos […]

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Presidents Day Reflections: Tank Tiger’s Weekly Roundup, Mergers in the Permian, and the Fossil Fuels!

For those of you who had yesterday off, we hope you enjoyed the long weekend in honor of Presidents Day. If you don’t know why we had the day off, perhaps these important facts will provide pause for some magnanimous reflection:   James Madison (1809-1817): Madison was the shortest president at 5’4” and weighed barely over […]

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From Touchdowns to Tankers: A Super Bowl Weekend of Chiefs, Stocks, and Commodity Showdowns

Once again we are preparing to see the Kansas City Chiefs take on the San Francisco 49ers next Sunday. It was only 4 years ago where we saw the same matchup in Miami when fragile Jimmy G and the Niners had the lead with less than 3 minutes to go but Patrick Mahomes led the Chiefs […]

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$7.3 Billion Power Move: The Midstream Phoenix Rising from Retail Ashes

There is really big news in the midstream space. Yesterday, Sunoco LP and NuStar Energy L.P. announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion.   About 12 years ago, Sunoco sold off the last of its refineries and essentially self-liquidated into a […]

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Crude Realities: Reflecting on 2023’s Record Oil Production, Wall Street Moves, and China’s Unconventional Ethanol Play

New Year…..same shizzle? Lil bit…not xactly.   When the US Shale boom first ignited in the last decade, production growth was driving the bus and capital discipline was a big joke. Fast forward to today. The year 2023 saw the U.S. hit a record crude oil production level of over 13.2 million barrels per day—more than any other country […]

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Navigating the Energy Landscape in 2024: The Tank Tiger’s Guide to Storage Solutions and Market Insights

Happy New Year! Time to tie those shoelaces, straighten your backs and get back to business. If you’re like us, you’re extremely excited about the possibilities that the New Year will bring. To that end, if you have any storage ideas germinating, we’re here to assist you – at no charge. U.S. crude oil closed out the year more […]

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Activist Investors and OPEC+ Drama: Navigating the Turbulent Waters of Corporate Disruption and Oil Market Tumble

Once again, an activist investor (in other words: a bully with a bag of money), has appeared on the scene to disrupt the enterprise of a long standing integrated refining and marketing company.  Last week, Elliott Investment Management unveiled a $1 billion stake in Phillips 66 and chirped about the company’s supposed underperformance.  Their all too familiar strategy […]

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What’s the deal with Gasoline? Newman!

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 […]

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Oil’s Trick or Treat: Mergers and the Essence of Legacy – A Reflection on Recent Energy Consolidations

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 […]

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Name Your Price: The Tank Tiger and the Volatile Markets – A Look at Storage, Rates, and Oil Prices

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 […]

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