Published on
Monday, December 30 2019
Authors: Robert Auers and John Auers
As we say goodbye to 2019 for the last time tonight, the petroleum industry heads into the new decade with a lot of uncertainties and challenges. With the two parties offering energy policies that are almost 180 degrees apart from each other, the 2020 U.S. Presidential election will be one…
Published on
Monday, December 23 2019
Authors: John R. Auers
With uncertainties and challenges looming in all corners of our industry (IMO, Tier 3, declining rig counts, geopolitical and regulatory uncertainty, etc.), it might be tough this Christmas for some of you to recognize the “Tidings of Comfort and Joy” that come with the Season. 2019 was certainly a challenging…
Published on
Wednesday, December 18 2019
Authors:
In 2018, the California Air Resource Board (CARB) approved amendments to the Low Carbon Fuel Standard (LCFS), strengthening the carbon reduction through 2030 and beyond. Included in the amendments was a third-party verification. The framework was modeled after the Cap-n-Trade program in California. Beginning with fuel pathway applications submitted in…
Published on
Tuesday, December 17 2019
Authors: Eamon Cullinane
We’ve written a lot about the market implications of the International Maritime Organization (IMO) regulations to reduce the sulfur level in bunker fuel. These new specifications, which come into full force on a global basis on January 1, present both opportunities and challenges for refiners, depending on their existing processing…
