Inflation Affecting the Trucking Industry

With the pandemic end in sight, trailer manufacturers are playing catch up and battling strong demand that is not being offset by high prices. Manufacturers orders are backed up several months and they are renegotiating pricing with consumers due to the volatile market. Trailers are reaching new highs, carriers and manufacturers are paying premiums to […]

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Shot Heard Round the World…Vaccine Update

News of the Pfizer vaccine is spreading like wildfire around the world today. Covid-19 has killed more than 1.2 million people the world over. Today, Pfizer announced a vaccine that has a 90% effective rate with no serious safety concerns. If these numbers are to hold true, Pfizer’s new vaccine would hold up to the […]

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Market Drop

The most recent WTI drop of 2.9% is the largest in a month. Supply versus demand continues to be a curious topic that is the main driver of the current crude oil situation.   Oversupply of crude oil in 2020 continues as just in the past few days in the North Sea there are a combined […]

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Is the OPEC Deal Too Late?

OPEC+ reached an agreement to cut 9.7 million barrels per day (mb/d) beginning in May which is a record-breaking cut, but it still may not be enough to stabilize the market. U.S. Secretary of Energy Dan Brouillette said that the total number of cuts globally, when you add in all the non-OPEC countries, should be […]

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Oil Freefall Continues

On the morning of Monday, January 6, 2020, WTI crude oil was nearing $64/bbl.  As of 10:31 a.m. EST on Thursday, February 27, 2020, WTI crude oil was trading at $46.36/bbl.  The shocking effects of the coronavirus fear continue to decimate global markets, particularly oil markets.  Fortune.com aptly points out that the coronavirus has done […]

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Trend Trading

If the quote “the trend is your friend” isn’t the true narrative of the energy complex over the past 20 trading days, I’m not sure what other phrase may be used to depict exactly what we have witnessed.  WTI crude for August delivery has had a 20.15% rally from its lows on June 12th to […]

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Supply and Demand

According to a survey by the Federal Reserve Bank of Dallas, the cost of profitably drilling a shale oil well in the US has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for years to come. The decrease reflects many factors including softer demand from […]

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