As the drones of the woodwind instrument that has been used for over a millennium fades into thin air from the most recent Feast of Saint Patrick, we await, arguably, the most anticipated FOMC meeting in recent years for indications on the Fed’s interest rate policy going forward. The Federal Reserve’s first meeting under Jerome […]
Read MoreExtinction Strikes “T. Rex”
On March 13th 2018, President Donald Trump relieved Rex Tillerson of his Secretary of State duties. In a speech on Tuesday, President Trump cited differing opinions between himself and the former Exxon executive as the reason for the firing. CIA Director Mike Pompeo is slated to replace Tillerson, of whom the President said, “With Mike […]
Read MoreIs It Time To Get A CDL?
In today’s world, it is not uncommon for any one of us to order an item online and have it arrive at a store or our homes. We rarely stop to think about the logistics concerning the transportation of those goods throughout the country. There is a growing concern in the marketplace that the increase […]
Read MoreDrilling into new steel and aluminum tariffs
The Trump administration authorized tariffs that would impact the American energy industry. The plan allows for a 25 percent tariff on imported steel and 10 percent tariff on aluminum; however, Canada and Mexico are exempt at this time while the NAFTA agreement is negotiated. On Thursday, a statement was signed to move the process forward, […]
Read MorePause for the Cause?
As market participants digest a neutral to slightly bullish Weekly Petroleum Status Report, they must also make a calculated risk assessment of whether the 43.52% rally from last mid-summer lows is just a pause in the 179 day bull run OR has the worm finally turned and trade war fears, higher oil inventories, strong shale […]
Read MoreIf the Oil Complex Had a Theme Song This Week it Would be…..
Uberisation of Trucking
Legendary folk singer Bob Dylan said it best, “For The Times They Are a-Changin”. Uber’s introduction into the forum of freight brokerage has posed questions about the future of freight by many in the transportation industry. The launch of Uber Freight in May of 2017 was aimed at eliminating the middle man (freight brokers) by […]
Read MoreWhat does the future hold for gasoline?
The prior two weeks saw the correction of the gasoline run that started In mid December. • On December 13th Rbob traded an intraday low of 1.6844. • On January 29th Rbob traded an intraday high of 1.9367.• An astounding .2523 per gallon price run up.
Read MoreWill Higher Motor Fuel Taxes Equal Better Roads?
Top Four reasons Why the Laurel Pipeline Reversal is a Bad Idea
It’s hard to believe that it was just over a month ago that Hurricane Harvey’s devastating effects resulted in widespread shutdowns to key Gulf Coast refineries and energy infrastructure. Yet, while some of the country experienced gas shortages, Pennsylvania did not.
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