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…
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…
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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…
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.
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…
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…
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…
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…
