Published on
Tuesday, September 28 2021
Authors: Robert Auers and John Auers
Part 1 – Integrated Oil Company Strategies Back in 1970, when Led Zeppelin released, “Hey, Hey, What Can I Do,” (their only song not released on an album), the main issue facing the petroleum industry was whether enough oil could be found to meet the world’s ever-growing thirst for the “black gold.” The theory of Peak Oil…
Published on
Thursday, July 8 2021
Authors: Philip Guillemette
On May 25, 2021, legislation was introduced both in the U.S. House of Representatives and Senate to extend the biodiesel/renewable diesel blenders tax credit from 2022 to 2025. If this bill becomes law, the tax credit will continue to provide a substantial $1 per gallon incentive for entities that blend…
Published on
Tuesday, May 11 2021
Authors: Robert Auers
On May 7, 2021, Colonial Pipeline Company learned it was the victim of an apparent ransomware attack. This led the company to proactively shutdown essentially all of the 2.8 MMBPD Colonial Pipeline system that extends from the U.S. Gulf Coast to New York Harbor for delivery of refined products to…
Published on
Tuesday, January 5 2021
Authors: Jonathan Leitch
We entered 2020 with the expectation of higher refining margins, driven by a continuation of strong global economic activity supplemented by an expected IMO boost to product margins and widening of heavy crude discounts. Instead, the COVID-19 pandemic quickly dashed those expectations, with the unprecedented drop in petroleum demand from…
