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. …
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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 …
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By Paul Sankey
Published on May 19, 2024 at 4:33 PM
Congratulations, All but made it! You are in striking distance – a week – of Memorial Day; the hard yards for 2024 are behind us, the brutal January-to-Memorial Day run. Summer is upon us, dust down the seersucker jacket, linen white pants, fabric shoes, break out the Sunday Sankey recipe for Pimms, the great British summer drink, Wimbledon, Henley, Ascot beckon. Or a hot dog at the .444 Mets – the stadium is great! Why …
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