The bulls and bears have been battling it out with some violent intra-day price reversals as of late and today is no exception.
Read MoreTrump to tap into SPR?
Among the many geopolitical issues going on in the world effecting the oil market, there have been reports this week that President Trump is considering tapping into the Strategic Petroleum Reserve (SPR) in an effort to lower gasoline prices. According to Bloomberg, “options are under consideration ranging from a 5 million barrel test sale to […]
Read MoreMaking Progress: Shell’s Ethane Cracker Plant
Nine months ago construction began for Shell’s $6 billion ethane cracker plant in Monaca (Beaver County), PA. The project development includes building bridges, relocating a state highway, improving the existing interchanges, re-positioning the rail line, and prepping foundations for the new complex.
Read MoreThe Sands of the Time
Many concerns have been raised recently that brings into question the vulnerability of global oil supply. From the upcoming sanctions on Iran, which are expected to make waves in the fourth quarter, to the drop in Venezuelan exports, much is left to be determined. With these challenges at the forefront of ensuring a steady supply […]
Read MorePruitt’s Lasting Legacy
On Thursday July 6th Scott Pruitt resigned from his position of Chief Administrator of the Environmental Protection Agency (EPA). Pruitt has held the position since February of 2017 but recently been under fire for numerous ethics controversies, ultimately stating the reason for his resignation was due to “unrelenting attacks on himself and his family which […]
Read MoreA New Oil Cartel
India and China are currently discussing forming an Oil Buyer’s Club to counter the market power of OPEC. OPEC currently exists to stabilize the price of oil and reduce volatility, by either artificially raising the price of crude, or opening up their spigots and driving prices back down when competition starts to gain momentum. India […]
Read MoreThe Last Mile Conundrum
FedEx, DHL, U.S. Postal Service and UPS have some new competition for last-mile delivery service. Amazon announced last Thursday that they are launching a new Delivery Service Partners program. Designed to let entrepreneur run their own fleet of Amazon vans with the Prime logo. Each delivery van will start at one of the 75 current […]
Read MoreLet’s Talk About Pipelines
President Donald Trump and his current administration have clear support on the infrastructure of pipelines. One of the most controversial pipelines to be completed by TransCanada is the KeystoneXL pipeline from Hardisty, Alberta to Steele City, Nebraska. According to a letter from the U.S. State Department to the Native American tribes, “TransCanada Corp plans to […]
Read MoreA Quick Guide to Explaining OPEC
If you have read any of our blogs here at Guttman Energy, you may have noticed the word or acronym OPEC thrown around a handful of times. What exactly does it mean? How long has it been around? Who is a part of OPEC? These are some questions that will be answered today.
Read MoreOPEC, Trump and Stats
All three oil market indexes finished higher yesterday as the upcoming Iranian oil export sanctions offset the bearish news of Saudi Arabian and Russian output numbers. At the close, WTI crude closed up $2.45/bbl at $70.53/bbl while RBOB and HO also closed higher by $0.0231/gal and $0.0286/gal finishing at $2.0746/gal and $2.1290/gal respectively.
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