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ADDITIONAL INSIGHT

Economics

The Gasoline Gap: How California’s Biggest Emissions Source Is Falling Behind

March 11, 2026

This is the second in a series of articles examining California’s progress toward the greenhouse gas (GHG) reduction targets set by the 2022 Scoping Plan. The first article – Mind the Gap: Transportation Emissions vs. California’s 2022 Scoping Plan Pathway – provided background and an overview of how the transportation sector has performed in reducing GHG emissions relative to the 2022 Scoping...

Refinery Optimization

UNLOCK – Improving Downstream Profitability with Low Capex, High Impact Initiatives 

March 10, 2026

Downstream operators are continuously being asked to deliver more with the assets they already have. Yet with volatile markets, evolving crude slates, logistical constraints, and limited capital budgets, most downstream businesses still carry significant untapped margin potential –value obscured by organizational silos, inherited operating assumptions, and KPIs that no longer reflect today’s environment.   Stillwater’s UNLOCK is designed to surface this hidden value....

Article

Stillwater Spotlight: Dr. Michael Rensing

March 9, 2026

This month, we are pleased to introduce Dr. Michael J. Rensing, one of Stillwater’s newest Associates and an accomplished leader in low-carbon fuels policy. Michael brings nearly two decades of regulatory design, policy implementation, and market insight to our team, along with deep technical expertise and strong relationships across North America’s fuel landscape. Michael’s introduction...

Economics

Beyond regulation: navigating the global voluntary market for SAF

February 24, 2026

It’s safe to say that the market for sustainable aviation fuel (SAF) has taken off; we’re seeing a truly global market emerge with SAF production and consumption across multiple continents. From a global production output of about 25 million gallons in 2020, we’re now looking at a market of more than 20x that output, with...

Policy

Venezuela in the Headlines (Part 3): Beyond Trump’s Term, How Far Can Venezuelan Oil Really Go?

February 16, 2026

In Part 1 of this series, we traced how Venezuela fell from a 3+ million b/d powerhouse to today’s diminished state, and in Part 2 we assessed what is realistically achievable over the next three years in terms of production recovery, trade flows, and sanctions‑driven constraints. This third and final article looks beyond Trump’s term...

Policy

Stranded: West Coast Fuel Supply & Strategic Vulnerability

February 12, 2026

West Coast fuel supply is becoming more fragile just as Indo-Pacific geopolitical risks are rising, turning what might look like a regional market issue into a strategic vulnerability for commercial, governmental, and military fuel users alike. Stillwater Associates was recently asked to brief the Navy’s Energy Forum about this structural fragility and why sophisticated planning...
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