Depending on where in the United States you live and whom you work for, yesterday might have been a day off with pay, another holiday entirely, or no different from any other Monday. Officially known as Columbus Day, the second Monday in October, is one of the most inconsistently celebrated U.S. holidays. It’s one of 11 […]
Our Guest today on Tank Talk is Darius Sweet, current Chairman of the Board at GTI Statia. A career spanning over 30 plus years in the oil Industry and a former CEO, Darius recounts his impressive career and sheds light on the current landscape of the industry in this episode .
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When most people think about shrinkage, they think about George Costanza in the pool. However, there is a very serious shrinkage situation happening in the world of storage. Under the shadow of the lights of Yankee Stadium, slowly but surely, the amount of petroleum storage capacity that serves the NYMEX has been shrinking and the trend has […]
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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 […]
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 […]
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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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 […]
Guess what. Summer is almost over. This could be the most expensive back-to-school shopping season ever, the National Retail Federation projects. What are you going to do if your kid has absolutely nothing to wear. Drama drama drama. Speaking of drama, inflation escalated to its highest level in decades. But, like Led Zeppelin said: You need cooling Baby I’m not […]
If you like piña coladas And gettin’ caught in the rain If you’re not into yoga If you have half a brain Indeed, it is pina colada time for the contango loving crude terminal operators and wholesale product marketers. Backwardation has once again secured the Infinity Stones and snapped contango back to dust. The Wall Street […]
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