The narrative of the pre pandemic day’s is still the same regarding the trucking industry and being short on drivers. Many businesses and consumers are affected by the shortage making delayed deliveries the norm for many Americans. With an estimated 61,000 drivers short at the end of 2019, it goes without saying that COVID-19 in 2020 made that number worse, making it harder to train new unexperienced drivers. Read More
Following news that the state of Michigan is attempting to shut down the Great Lakes oil pipeline, Canada has begun discussions with the U.S. to keep the cross-border pipeline open. The Great Lakes pipeline is vital for supplying Canadian crude oil to the U.S., but it looks like Michigan is digging their heels in. The Biden Administration has called to enhance the United States’ response to climate change and establish a policy change towards clean energy. It would seem that the pipeline closure will directly affect the two countries’ oil industries. The U.S. currently purchases around 80% of Canada’s crude which is about 3.7 million barrels per day. Read More
As the pandemic hit, many people began home improvement projects that they had been putting off while being stuck at home. Simultaneously, sawmills and wood processing factories were temporarily shutting their doors. Additionally, a 2017 20% tariff on Canadian lumber had kept that supply limited to U.S. consumers. Nonproductive factories combined with existing tariffs are causing the lumber market to climb at unprecedented rates. By the end of 2020, lumber tariffs were reduced to 9% for Canadian lumber. Read More
Today President Biden is set to unveil a 1.8 trillion-dollar package to help American families. To cover the cost of the plan, Biden plans to increase taxes for anyone making over $400,000 and closing tax loopholes for wealthy Americans. This announcement comes on Biden’s 100th day in office. Read More
Oil prices have remained rangebound over the past month between $57 and $64.50/barrel, but might determine its next direction by the end of this week due to a few upcoming catalysts.
As many of the global oil majors seek to transition to “global power majors,” many smaller oil companies are happy to gobble up the fossil fuel assets. The large oil companies sell assets to pay down debt and lower their carbon footprint, but the smaller companies are betting that these higher polluting projects are going to remain profitable for years to come. This redistribution of carbon-emitting assets helps highlight how long the timeline may be for a true transition to renewable energy. Read More
Clean, or lower emissions is certainly the direction all auto manufacturers are headed, as we run deeper into climate and environmental discussions. Improving emission of a vehicle is by introducing a cleaner, hotter burning, more oxygen rich fuel to increase the efficiency of the combustion process. Vehicular emission is why we have 10% ethanol in most of the gasoline sold at retail pumps each of us use on a daily or weekly basis. This blog will highlight a basic understanding on what ethanol means for our vehicles. Read More
Today the Biden Administration discussed easing sanctions against Iran which would include oil as a key element. After a five day talk in Vienna this week, leaders returned home feeling optimistic after discussions that President Biden wants to return to the 2015 nuclear agreement that the U.S. withdrew from during the Trump administration in 2018.
By the end of 2021, TuSimple a San Diego based startup plans to deploy autonomous trucks that drive themselves from pickup to delivery points. TuSimple, which is a self-driving truck company is developing a technology that allows driving from depot to depot without human intervention, will begin their driverless tests of the technology in Arizona later this year, according to FleetOwner. Read More
Climate change is not only a hot topic in the U.S., but also a growing concern of major corporations all over the world. Many large corporations are beginning to sink massive amounts of capital into programs and companies to eliminate fossil fuels and ride a wave of clean energy and renewables into the future. Even the largest natural gas producing company in the U.S., EQT, has bought into the clean energy philosophy. Other corporate giants such as Amazon, GE, NextEra, Uber, IBM and lastly, to no surprise, the government.