By Paul Sankey
Published on August 14, 2024 at 9:49 AM
A focus note for you today, on Darling and the California Low Carbon Fuel Standard which has been an important factor in the weakness in West Coast refining margins, that is bleeding into wider refining margin weakness vs current refiner earnings estimates for Q3. We show in this note that California diesel is now 60% renewable, with attendant pressure on refining margins there, as gasoline demand has peaked, and 25% of vehicle sales are electric. …
Read More
By Paul Sankey
Published on June 23, 2024 at 1:24 PM
Hello there, My son just graduated college and is applying for jobs. For a premium company application he faced the following question: Q: “How do you decide how much time to allocate to a task?” I found myself pondering this when I decided this week to look at water. ~ Non-answer on time. I took a look at water and am banging it out today, rather than spending another seven years on this massive subject, …
Read More
By Paul Sankey
Published on June 15, 2024 at 1:06 PM
Trigger warning: today in our “in their own words series” we parse a podcast between Jake Paul and Donald Trump. This note is entirely devoted to that subject, be warned. TLDR: Otherwise lacking a clearly defined policy outline – unless you think the Heritage Foundation’s Project 2025 “let’s combine Church and State” – with few specific campaign promises, Donald Trump is repeatedly saying as he campaigns that he will make peace in the Ukraine, and …
Read More
