Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming
Read More...Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. . .. President Donald Trump made some interesting remarks at the New York Economic Club last week and laid out the Trump vision of energy progress, which is pro-shale. Last week, President Trump delivered a pro-energy speech at the Economic Club
Read More...President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports. “What I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly … and spread out the wealth,” he
Read More...President Trump last Friday announced he has nominated deputy energy secretary Dan Brouillette to replace departing energy chief Rick Perry, Kallanish Energy reports. “I am pleased to nominate Deputy Secretary Dan Brouillette to be the new Secretary of Energy. Dan’s experience in the sector is unparalleled. A total professional, I have no doubt that Dan
Read More...Crude oil prices were little changed Wednesday after the U.S. Federal Reserve said the central bank will hold interest rates steady, Kallanish Energy reports. Brent crude futures were down 29 cents, or 0.47%, to $61.85 a barrel. U.S. West Texas Intermediate crude settled down 14 cents, or 0.3%, to $53.76/Bbl. Government data showed U.S. crude inventories fell
Read More...Tom ShepstoneNatural Gas NOW … … Andrew Cuomo is clearly trying to position himself to run for President at some point, but his actions show why he’ll never go anywhere outside of New York. Andrew Cuomo is an unusually good demagogue within New York, where city voters dominate and much of the electorate supposes electricity
Read More...Tom ShepstoneShepstone Management Company, Inc. President Donald Trump delivered some great news to pipeliners yesterday with his pipeline executive order, Andrew Cuomo says it’s overreach, so it’s good! The Trump pipeline executive order is here! And, Andrew Cuomo, the king of overreachers, says it’s “gross overreach.” We don’t need to know a lot more,
Read More...Tom ShepstoneShepstone Management Company, Inc. President Donald Trump is going to Houston on Wednesday and will announce the pipeline executive order he’s issuing. It’s more than pipelines; it’s justice! We are two days away from an in-your-face Executive Order President Trump is issuing to deliver some justice to states such as New York where
Read More...Tom ShepstoneShepstone Management Company, Inc. President Donald Trump’s economic advisor, Larry Kudlow, has confirmed Trump pipeline executive order is, in fact, coming soon, which is great news indeed! Yes, the great Larry Kudlow spoke at a Christian Science Monitor breakfast event yesterday. He confirmed a pipeline executive order from the President is, in fact,
Read More...Tom ShepstoneShepstone Management Company, Inc. Any remaining semblance of reasonableness connected with state water quality certification has been destroyed by Andrew Cuomo. What can be done now? That question has already been partly answered by the Hoopa decision, which I discussed here and, more recently, here. The D.C. Court of Appeals, the most important
Read More...Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices. “Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank you!” Trump tweeted. Futures hit a session low immediately
Read More...The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday. The waiver, last issued in December and expired Tuesday, will allow Iraq to continue buying electricity from its neighbor, Kallanish Energy reports. “While this waiver is intended to help Iraq mitigate
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