If you believe the news from around the world, one recent development is that the peace pipe is being passed around. For the first time since the commencement of the Russia/Ukraine conflict, the President of the United States has spoken to the President of Russia in “a lengthy and highly productive phone call”. Of course, no one […]
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Some of us may remember (not so fondly) our college Economics 101 class and its basic concepts. For example, there is Scarcity: The idea that resources are limited, but human wants are unlimited. This forces people to make choices. There also is Supply and demand: The relationship between how much of a good is available and how much people […]
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This is The Tank Tiger Jeopardy! This company just posted some tanks on sublease in Houston. 350 kb. (3x110kb & 20kb) Available feb. This company just posted 300 MB deepwater Fuel Oil / Heavy Products in the lower Mississippi River and is asking $0.60/bbl/month. This company just posted 80 MB of deepwater clean products and chemicals storage in […]
There has been much hub bub on the news these days about drones. It’s somewhat perplexing. A drone is a male bee. Unlike the female worker bee, a drone has no stinger. He does not gather nectar or pollen and cannot feed without assistance from worker bees. His only role is to mate with a maiden queen […]
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It’s always the unexpected events that make the eyes grow wider. Hurricane Milton is zeroing in on the Florida Gulf Coast. Middle East tensions are crackling as the threat to oil supply in the Middle East is whipsawing the commodities markets. For the first time in 40 years, Vanderbilt beat Alabama in football, and the goal posts are now […]
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US Senator Lindsey Graham has proposed new legislation to impose tariffs on nations buying crude oil or petroleum products from Iran. Due to growing demand, Iran is now looking to increase its output by 20% increase over its existing production. So the way this would work would be that any country buying Iranian oil would then be penalized […]
Today’s Guest on Tank Talk is Jim Mitchell at Wood Mackenzie. Jim shares his perspective on the current oil market landscape. The episode covers the Transmountain Pipeline affect, Inventories, US Crude Exports, and much more.
Today’s Guest on Tank Talk is Carl Larry VP Energy Futures Clearing Sales at Marex. In this Episode, Carl shares his perceptions on the current oil markets, insights on inventories, and commodity Data.
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 […]
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