Released today, the hotly anticipated North American Downstream Market Outlook & Insights Report 2019 is now available for you to download. Download your complimentary report here It’s the only complete package of insights you can access for free right now that covers the whole Petrochemical, Chemical, Refining and LNG value chains, including: Capital Project outlooks…
Commentary: Obamacare
Federal judge Reed O'Connor, Fort Worth, Texas, struck down Obamacare and said that it is unconstitutional on December 14th, 2018. The ruling is a result of a lawsuit led by Texas Attorney General Ken Paxton. In a statement to the New York Times Paxton says, "Our lawsuit seeks to effectively repeal Obamacare, which will give…
Advertisements
Marathon Petroleum Purchases Andeavor For 23.3 Billion Dollars
Marathon Petroleum purchased Andeavor in a merger agreement on October 1, 2018. Andeavor is a petroleum refining and midstream logistics company. Their refineries are mostly in the western United States This merger makes Marathon the largest US refiner with a 3 million barrel per day capacity. Click on the Andeavor logo above to see a…
Video: Dershowitz On Fox News 12/14/2018: Hush Money Is Not A Crime
Please view the below provided video:
By The Numbers, 12/12/2018
The EIA published its Weekly Petroleum Status Report. Here are some highlights. All items are in millions of barrels per day except inventories, which is billions total. Dates are defined as week ending averages, except utilization rate which is a four week ending average. The full report can be found here. Item 12/7/18 11/30/18 Refinery…
Video: Michael Cohen, Was He Worth The Effort?
I want you to look into these eyes and tell me Michael Cohen was worth the effort. Could this whole investigation into Cohen have been handled in a different way so that his family would not be destroyed? Does not anyone care? Please click on the picture below to view the video.
Commentary: Trumponomics, Part 5 – Questions and Answers
Since publishing my series on Trumponomics last summer, I have received a few questions for clarification. At the heart of the discussion is the Aggregate Demand (AD) and Aggregate Supply model, AD-AS. The model is represented in the Figure below: Nomenclature AD = C + I + G + X C = Consumption, which is…
Video: FOX News Says That Trump May Use The Military To Build The Border Wall
Video: Generon Nitrogen Gas Separation Membranes Plus More
When I think of nitrogen gas delivery systems, I think of the cryogenic distillation of air. But that is not the only way of generating nitrogen on site. Another method is the use of membranes. Pressure Swing Adsorption is also a viable avenue. I recently spoke to a Generon engineer and here is a video…
Press Release: China’s Oil Demand Will Surprise to the Upside in 2019
FOR IMMEDIATE RELEASE Boston, MA, December, 11, 2018 Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150,000 b/d in 2018. This is part of the reason why the global oil market is so weak as the year comes to an…
Video: Trump, Pelosi, Schumer Collide Over Border Wall
Take a good look at this video, published today by Fox News. To me, the caravan symbolizes the mentality of illegal immigrants: "Let us in or we will just kick your door down". How can Pelosi and Schumer be so "obtuse" as Andy Dufresne said in The Shawshank Redemption? Please click on the image to…
