CrudeIQ explains why Utah gas prices move - and where they’re headed next. Newsletter signup link in profile.
#gasprices#crude#oil#oott#shale @acor_Mark
Explaining to children that they shouldn't worry about a career because the world will be completely unlivable in 15 years and that death will be a sweet relief from living in a nuclear wasteland is probably the hardest part of working at Build-A-Bear.
Today Acting Navy Secretary Hung Cao said the U.S. is pausing arms sales to Taiwan because of the war with Iran.
“Right now we're doing a pause in order to make sure we have the munitions we need for Epic Fury,” Cao told Sen. Mitch McConnell.
Sec. Hegseth has said "we have plenty" when asked about munitions concerns.
Last week, President Trump said the $14 billion package of US arms to Taiwan that awaits his approval is a "very good negotiating chip" with China.
The Hormuz crisis has really highlighted how poor and non-timely a view the oil market has of refined product inventories.
Easily the biggest blind spot in the oil market right now, and it's causing a lot of issues.
Crude storage tanks have floating roofs you can measure to infer fill-level, and this is most of what the high-frequency inventory estimates are tracking; refined products are typically stored in *fixed* roof tanks, so it's much harder to infer how much product is hiding inside them.
(pretty empty floating roof tank on left, fixed roof tank on right)
Energy investor. Sunday night. Turns on computer. Any resolution to US/Iran conflict? No. Any re-opening of Strait of Hormuz? No. Checks math - Another 70-90mmbbls production lost/inventory drawdown? Correct. Turns off computer. Stares out window with quiet confidence. #EFT#OOTT
At times, the joy that life attacks me with is unbearable and leads to gasping hysterical laughter. I find myself completely out of control and wonder how could life could surprise me again and again and again, so completely. How could a man be a cynic? It is a sin.
Who would have thought that Walt Disney drawing a Steamboat Willie cartoon would eventually lead to the destruction of college football almost 100 years later?
Not to be an annoyingly picky SOB, but… do you know if the average prices posted is just an average of the posted price per gallon, or do they weight it based on gallons sold a certain prices? Would a busy gas station’s prices be weighted the same as a small country gas station that doesn’t sell as much fuel?
just imagine what airlines are contending with... here's the cost to fill a Boeing 777-300ER today:
Chicago $213,111
Dallas $179,779
Minneapolis $181,695
New York City $182,269
Los Angeles $217,708
Seattle $225,849
“Be a citizen not a spectator, and by that I mean participate in the process but also love a neighbour like you liked to be loved yourself”
- George W. Bush