Category Archives: Tank Blog

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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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Crude Realities: The Rollercoaster Ride of Oil Prices and the Quest for Storage Space

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 […]

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Middle East Tragedy and Energy Market Turbulence: ExxonMobil Megadeal, New Entrants, and the Importance of Physical Trading

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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Renewable fuel & feedstock storage requests on the rise

There’s certainly quite a bit of excitement in the air as we enter the 4th quarter.  What with meaningful football being played in Texas and with oil prices on a relentless climb to $100/barrel there are a lot of flying chest bumps echoing through The Lone Star State. People seem to be happier when football is good […]

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“Hey…wanna go to Florida?” Florida Gasoline & Diesel Terminal storage

Forty years ago, a very wise man named Mark Leahy stood in a glass strewn parking lot in West Philly and said, “Hey…wanna go to Florida?”.  Since then, millions of people have taken heed to those words and have headed to the peninsula in the Southeast corner of the United States, with the help of efficient […]

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Backwardation plus inventory draw equals high prices

Over the weekend, millions of people around the world took to the streets demanding an end to fossil fuels and a rapid transition to clean energy sources. Although the ambitious plan is to convert to renewables within 5 years, that’s just not possible. In reality, we’re looking at 20 to 30 years instead of 5 years, and fossil […]

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