FEATURED ARTICLES
No results found.
No results found.
No results found.
No results found.
No results found.
No results found.
ADDITIONAL INSIGHT
Policy
Trans Mountain Pipeline: Déjà Vu all Over Again?
August 5, 2025
Last April, we published an article on the Trans Mountain Pipeline Expansion (TMX) which was built on the premise that it would provide Canadian producers with access to Asian markets. In that article, we predicted that some of the heavy Canadian crude transported on TMX would be placed in California to supplement the state’s declining...
Policy
TMX at One Year: Why the West Coast Is Not the End of the Line
August 5, 2025
By Eric Lingman and Vaughn Hulleman When the Trans Mountain Expansion (TMX) project launched in May 2024, it marked a long-awaited milestone for Western Canadian crude producers. The expectation was that with an additional 590,000 barrels per day (bpd) of pipeline or takeaway capacity, Canadian heavy crude[1] prices would strengthen, new markets would open, and...
Economics
Why Does Canada Import So Much Crude Oil?
July 23, 2025
I recently came across an infographic stating that Canada requires a new West-to-East pipeline to secure its energy and economic independence. The statement is predicated on the fact that Canada spent nearly CA$544 billion[1] on foreign oil imports between 1988 and 2023. There is no doubt that the sum is large, but 36 years is...
Policy
Time for a PADD 5 Fuels Study Tune-Up
July 9, 2025
I was walking with my neighbor John the other morning. He reminded me that he is a Stillwater Newsletter subscriber, but often he doesn’t get what all the articles are about. I told him many articles are about regulatory issues, but we do try to write for regular people as well. Our conversation then turned...
Policy
Capitol Hill’s Finishing Touches to the “Big Beautiful” Revamp of 45Z
July 8, 2025
Last month, in an article titled “The 45Z Tax Credit Gets a ‘Big Beautiful’ Alteration,” we described amendments to the Clean Fuels Production Credit (better known as 45Z for the section of the tax code) proposed in the House version of the budget reconciliation bill, H.R. 1. By way of follow-up, today we update that...
Economics
The Great Gasoline Decline Debate – Forecasting California’s Fuel Future
June 24, 2025
With the potential closure of two refineries in California, tightening West Coast fuels production, it is more critical than ever to pin down accurate assessments of likely future gasoline demand. Various industry and government agency projections offer differing perspectives concerning potential shortages. Stillwater estimates that gasoline demand in 2030 will be 13-15% below the level...
No results found.
Need to learn more? Stillwater’s consulting services offer tailored solutions.
Discover the latest insights in the evolving transportation energy market with our comprehensive consulting services. Our expert guidance provides you with critical data and analysis to navigate the market complexities investment opportunities effectively.
Strategy & Economics
Innovative, Deeply Informed Analysis Around Issues Impacting Business
Policy
Advising Policy Makers, Informing Market Participants, and Testing Policy
Refinery Optimization
Unlock Untapped Profit With Zero- and Low-capex Refinery Upgrades
Mergers & Acquisitions
Making Good Industry Matches
Testimony & Litigation
Case Support, Advisement, and Project Management
West Coast Fuels Outlooks
Forward Supply, Demand, Price, and Margin Insights