Author Archives for Kendra Seymour

The Hidden Taxes in Gasoline and Diesel Prices

December 12, 2017 10:28 am Published by Comments Off on The Hidden Taxes in Gasoline and Diesel Prices

In the first quarter of 2017, CARB reported the first quarter of net deficits generated in the program. As the carbon intensity standards become more stringent, the demand for LCFS credits will increase significantly in 2018 and continue in to 2019 and 2020. The credit bank that has built up will be drawn down, causing...
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IMO 2020 Part 3:  Refiners’ Perspective

November 16, 2017 1:04 pm Published by Comments Off on IMO 2020 Part 3:  Refiners’ Perspective

November 16, 2017 by Ralph Grimmer, James Ahrens, and Leigh Noda The International Maritime Organization (IMO) is moving forward with a marked reduction from 3.5% to 0.5% in the maximum sulfur content of marine fuel (bunker fuel oil) on January 1, 2020. In our October newsletter, Stillwater provided Part 2 of our series on this...
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War Story: Operation Iron Lady

November 15, 2017 11:55 am Published by Comments Off on War Story: Operation Iron Lady

November 15, 2017 By Jessica Loomis In February of 1991, Senior Associate Leigh Noda was working for ARCO as the manager of business and technology in ARCO’s flagship refinery in Carson, California. One afternoon, the refinery’s manager called Leigh into his office with a very special project. Ronald Reagan was turning 80 years old, and...
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Update: How much “Ethanol-Free” gasoline is out there?

November 13, 2017 6:01 pm Published by Comments Off on Update: How much “Ethanol-Free” gasoline is out there?

November 11, 2017 By David Hackett, President Last year, we at Stillwater offered a review of the state of ethanol-free (or E0) gasoline in the U.S. Since then, we’ve learned a great deal about the market which we will share in this updated article. We start with some background: The Federal Renewable Fuel Standard (RFS)...
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California Carbon Info: California Emissions Decline Faster than Cap in 2016

November 6, 2017 8:15 pm Published by Comments Off on California Carbon Info: California Emissions Decline Faster than Cap in 2016

As the passage of AB 398 has strengthened and extended California’s Cap and Trade program, we think our readers will benefit from a spotlight on the trends in the carbon credit market. We will be featuring guest articles on California’s Cap and Trade program from our friends at CaliforniaCarbon.info. CaliforniaCarbon.info is a comprehensive information service...
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Innovation in Transportation Energy

October 11, 2017 3:51 pm Published by Comments Off on Innovation in Transportation Energy

October 9, 2017 by Dave Hackett Stillwater has always been interested in technology development in the transportation fuel space. We help clients figure out how their new fuels or fuel-related technologies fit into the supply chain. Our first project, back in the day, was a dot-com. The objective was to help reduce transaction costs in...
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War Story: Under Pressure

October 11, 2017 3:00 pm Published by Comments Off on War Story: Under Pressure

October 11, 2017 By Jessica Loomis In the late 1990s, Stillwater Senior Associate James Ahrens was working in the crude oil supply, trading, and transportation division at Mobil as a supply optimization coordinator for the Beaumont refinery. The fuels crude unit at the refinery typically ran a slate of heavy sour crude oil that left...
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IMO 2020 Part 2: Shipowners’ Perspective

October 11, 2017 12:01 pm Published by Comments Off on IMO 2020 Part 2: Shipowners’ Perspective

October 12, 2017 by Ralph Grimmer and Michael Myers Stillwater is following the progress and impact of the International Maritime Organization’s Global Maximum Sulfur Content of Marine Fuel Rule, or IMO 2020. Our first article, IMO 2020 Part 1: The evolution of the marine sulfur regulation, appeared on the website in September 2017.  The International...
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Jones Act 101: Maritime protectionism and transportation fuels

October 10, 2017 4:25 pm Published by Comments Off on Jones Act 101: Maritime protectionism and transportation fuels

October 10, 2017 by Kendra Seymour As often happens in the aftermath of natural disasters, there has been increased coverage in the last month debating the merits of a 97-year-old law which affects delivery of goods to U.S. shores. You’ve likely heard talk about the Jones Act, but do you know what it is and...
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Bubble Map Update: Post-Hurricane Price Differentials Drive Exports

October 10, 2017 2:46 pm Published by Comments Off on Bubble Map Update: Post-Hurricane Price Differentials Drive Exports

October 10, 2017 This month we check back in on our crude oil spot prices in bubble map form – the first time we’ve done so since January. On October 10th spot WTI was quoted at $51 per barrel, with Brent $5 higher. Western Canadian Select was discounted at $13 under WTI. On the Gulf...
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Steel Tank Conference Presentation

September 28, 2017 1:42 pm Published by Comments Off on Steel Tank Conference Presentation

Stillwater Associate Barry Schaps’ presentation at the STI/SPFA conference on September 27, 2017. This presentation explains the transportation fuels supply chain, outlines the impact of the U.S. shale boom on supply and demand, and discusses the changing regulatory landscape. You can download a copy of his presentation here.

California Carbon Info: Analyzing California’s offset demand

September 13, 2017 7:48 pm Published by Comments Off on California Carbon Info: Analyzing California’s offset demand

As the passage of AB 398 has strengthened and extended California’s Cap and Trade program, we think our readers will benefit from a spotlight on the trends in the carbon credit market. Starting this month, we will be featuring guest articles on California’s Cap and Trade program from our friends at CaliforniaCarbon.info. CaliforniaCarbon.info is a...
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War Stories: Government-Industry Cooperation in the Aftermath of Katrina and Rita

September 13, 2017 7:44 pm Published by Comments Off on War Stories: Government-Industry Cooperation in the Aftermath of Katrina and Rita

September 12, 2017 By Michael Leister In recent weeks, as I look at pictures and listen to stories about the devastation caused by Harvey and Irma, I can’t help but think back to a similar time when the hurricane names were Katrina and Rita.  This is not a story about the heroic efforts or terrible deaths that...
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FLASH ANALYSIS: Q1 2017 LCFS Deficits Exceed Credits for First Time

August 7, 2017 3:37 pm Published by Comments Off on FLASH ANALYSIS: Q1 2017 LCFS Deficits Exceed Credits for First Time

On August 2, the California Air Resources Board (CARB) released the first quarter 2017 data from the Low Carbon Fuel Standard (LCFS) Reporting Tool (LRT). For the first time, LCFS deficits exceeded credits for a quarter and the total banked credits declined. The chart below shows the decline in the first quarter and the break...
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California’s 2030 Scoping Plan: Changes for the Transportation Fuels Sector

June 6, 2017 3:29 pm Published by Comments Off on California’s 2030 Scoping Plan: Changes for the Transportation Fuels Sector

June 6, 2017 by Kendra Seymour Introduction Last week President Trump withdrew the U.S. from the historic Paris Climate Agreement, signaling a lack of commitment at the federal level to combatting climate change. Many states, municipalities, and companies, however, have voiced continued support for the Paris Agreement and have affirmed their intention to fulfill the...
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The ripple effects of the gasoline tax increase

April 24, 2017 10:59 am Published by Comments Off on The ripple effects of the gasoline tax increase

April 24, 2017 By Rob Nikolewski, The San Diego Union-Tribune In an indication of just how much California is affected by gasoline prices, at least three different groups on Monday weighed in on the ramifications of Senate Bill 1, the $52.4 billion effort passed by Gov. Jerry Brown and the Legislature earlier this month. One organization...
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Our Trip to the Center for American and International Law Annual Oil and Gas Law Conference

March 1, 2017 10:43 am Published by Comments Off on Our Trip to the Center for American and International Law Annual Oil and Gas Law Conference

February 28, 2017 by Rob Jaques Stillwater’s litigation support business has grown significantly over the past couple of years. These projects have included an $8 billion arbitration case, a $12 million crude-by-rail lawsuit, a $5 million biodiesel lawsuit, and others. As a result of this growing business, Senior Associate Jim Langley and I decided to...
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A Closer Look: Integrated Majors Breaking Up with their Refineries

February 28, 2017 10:39 am Published by Comments Off on A Closer Look: Integrated Majors Breaking Up with their Refineries

February 28, 2017 by Jessica Loomis In recent years, several major integrated oil companies have sold off certain refineries they own because they don’t believe they are positioned to be core to their current business practices. We thought it would be interesting to examine some of these large companies as they continue to turn their...
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LCFS 101 – A Beginner’s Guide

February 28, 2017 10:34 am Published by Comments Off on LCFS 101 – A Beginner’s Guide

February 28, 2017 by Megan Boutwell Not too long ago a friend checked in looking for an LCFS tutorial. Based on that request we decided to put together a handy dandy LCFS guide. We could go on for days about this stuff, but we’ll show a little discipline and just give you the high points....
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Octane’s Value Proposition

August 10, 2016 12:44 pm Published by Comments Off on Octane’s Value Proposition

Dave Hackett’s presentation at the American Coalition for Ethanol Annual Conference on August 10, 2016. This presentation explains the refining process, defines octane, and explains the octane market.  

The Value Chain Part 1 – Oil Product Supply

May 24, 2016 12:07 pm Published by Comments Off on The Value Chain Part 1 – Oil Product Supply

Dave Hackett’s presentation at the OPIS Mexico – U.S. Petroleum Summit on May 24, 2016. This presentation discusses the current petroleum product flows in Mexico and the export flows from the U.S. into Mexico. It also takes a close look at wholesale prices along the border. VIEW PRESENTATION

How RFS Changes Impact Program Participants

March 15, 2016 12:11 pm Published by Comments Off on How RFS Changes Impact Program Participants

Michael Leister’s presentation at the 2016 AFPM Annual Meeting on March 15, 2016. This presentation discusses EPA’s changes to the RFS  which are meant to encourage the growth of production and use of biofuels and as an initial step to drive greater E85 and perhaps E15 sales. The presentation provides an analysis of the changes to the...
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Product Flows and Markets: Today and Tomorrow

November 17, 2015 2:39 pm Published by Comments Off on Product Flows and Markets: Today and Tomorrow

Dave Hackett’s presentation at the OPIS Mexico – U.S. Petroleum Summit on November 17, 2015. This presentation discusses the current petroleum product flows in Mexico and the export flows from the U.S. into Mexico. It also takes a look at what the deregulated Mexican market may look like in 2018. VIEW PRESENTATION

LCFS and Cap & Trade – Is Greenhouse Gas Regulation Coming Soon to a State Near You?

October 27, 2014 2:51 pm Published by Comments Off on LCFS and Cap & Trade – Is Greenhouse Gas Regulation Coming Soon to a State Near You?

Dave Hackett’s presentation at the Annual OPIS Supply Summit on October 27, 2014. This presentation discusses the current California LCFS and Cap & Trade regulations and how they are affecting the transportation fuels industry in the state. It also explores the status of clean fuels and low carbon fuel standards being considered in other states...
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Navigating Changes in Transportation Energy

October 16, 2014 2:55 pm Published by Comments Off on Navigating Changes in Transportation Energy

Dave Hackett’s presentation to the Quest Club of Bakersfield on the fundamental problem the energy industry faces in the Mid Continent. The presentation also takes a look at the Pacific Basin and suggests additional solutions. VIEW PRESENTATION

The Fuel Supply Chain & RINs

April 10, 2014 3:27 pm Published by Comments Off on The Fuel Supply Chain & RINs

RINs prices have gone way up since the beginning of the year. This presentation offers a little explanation of how RINs flow through the fuel supply chain and why the cost of RINs have gone up recently. VIEW PRESENTATION

The Effect of Crude by Rail on Refining and Logistics

March 25, 2014 3:18 pm Published by Comments Off on The Effect of Crude by Rail on Refining and Logistics

Dave Hackett’s presentation at the 2014 AFPM Annual Meeting. This Crude-by-Rail presentation lays out the benefits and challenges of delivering Mid Continent crude oil to refining centers on the East, West and Gulf Coasts. VIEW PRESENTATION

Rail as Pipeline: Engineering Issues/Challenges for Terminal Operators

October 24, 2013 3:24 pm Published by Comments Off on Rail as Pipeline: Engineering Issues/Challenges for Terminal Operators

Dave Hackett’s presentation at the 2013 API Storage Tank Conference. This presentation on crude-by-rail (CBR) answers these questions: What has changed in the CBR space? Why are refinery and trading people so interested? What comes next? How long is this phenomena going to last? VIEW PRESENTATION

What Does California’s Low Carbon Fuel Standard Mean for You?

March 14, 2013 3:30 pm Published by Comments Off on What Does California’s Low Carbon Fuel Standard Mean for You?

Dave Hackett’s presentation at the 2013 AFPM Annual Meeting on the effects of California’s Low Carbon Fuel Standard. The presentation explores these questions: Will the regulation be adjusted to reflect market conditions? How hard do regulators push for new technology development? How do we know this innovation is occurring fast enough to meet the schedule...
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Why California’s Low Carbon Fuel Standard Matters to You

October 24, 2012 3:44 pm Published by Comments Off on Why California’s Low Carbon Fuel Standard Matters to You

Presentation by David Hackett to the 14th Annual OPIS Supply Summit on October 24, 2012 on the current regulations, the potential adjustments, implementation schedule, and likely impacts of California’s Low Carbon Fuel Standard. VIEW PRESENTATION

State of the California Transportation Fuels Market

December 13, 2011 3:54 pm Published by Comments Off on State of the California Transportation Fuels Market

Oil prices are high and volatile and likely to stay that way. High prices are driving a huge increase in the use of renewable fuels. VIEW PRESENTATION

E15 and the Blend Wall

January 24, 2011 3:49 pm Published by Comments Off on E15 and the Blend Wall

A presentation to the 2011 SIGMA Executive Leadership Conference, January 24, 2011 VIEW PRESENTATION

Next Generation Biofuels

September 20, 2010 3:52 pm Published by Comments Off on Next Generation Biofuels

A presentation to the Pacific Oil Conference, September 20, 2010 VIEW PRESENTATION