Industry Insights and Current Issues
Insights, observations and thoughts on the energy sector and related industries.
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Many downstream organizations suffer from “R vs. M” instead of “R&M” – their refining and marketing groups can often work in silos. One key difference relates to apparel. As a young boy, I was amused and intrigued by the outfits my grandfather wore when working around...read more
I always like to hear arguments from the other side. Here is an interesting and provocative article claiming that US LNG will NOT be competitive in Europe. Paragraph 5 actually implies it HELPS Europe that its gas supply is under the thumb of Russia's president....read more
More blackouts in Venezuela. Of course, socialist leader Maduro blames "sabotage." Please be thinking of the suffering citizens of Venezuela and hope this tyranny ends...read more
The St. Croix refinery in the Virgin Islands shuttered in 2012. Is this an early indication that it may be...read more
Looks like the EU will build more LNG import facilities - opening up more markets for LNG producers and help Europe reduce its energy dependence on Russia. Energy and geopolitics are entwined in so many...read more
Downstream energy organizations encompass two wildly different sectors: refining and marketing. In some cases, these differences can create an “us versus them” mentality – which leads to less efficiency and lower profitability overall. Refiners turn raw crude oil into...read more
As retreating Iraqi military forces exited Kuwait during the first Gulf War, they intentionally set hundreds of oil wells on fire. This 1991 incident led to months of Herculean efforts to extinguish these fires and cap these wells. While the exact figure can never be...read more