The U.S. built a little over 3,000 miles of crude oil pipeline capacity during 2018 to 2020 to reach 84,816 miles in 2021, transporting 1.2 billion barrels of crude oil that year. No significant oil pipeline capacity additions have been made since and U.S. oil production averaged 11.9 million barrels per day in 2022 that […]
Fueling consolidation in the fuel logistics market
The global shift towards low-carbon energy to address greenhouse gas emissions and climate change has prompted major energy companies to transform their operations. This is driving growth in demand for cleaner fuels and their delivery logistics. As a result, we are seeing significant interest in M&A activity in the fuel distribution and logistics segment. Superior, […]
Where’s the lithium: Supplying the U.S.’s growing gigafactory industry
Demand for lithium from the EV industry is growing rapidly as the energy transition moves forward. One of the interesting things for the U.S., is that the production of EV batteries for this industry is being onshored, partly due to the growing market and partly due to provisions of the recently enacted IRA place sourcing […]
ICE car bans: What? Where? When?
Internal combustion engine (ICE) vehicles have been commercially available since the late 1800s when Carl Benz patented the now historic Benz Patent Motor Car, model no. 1, and for over 100 years they have been integral to transportation around the world. But now with the world advancing with energy transition, we are seeing steps towards […]
Energy security over energy transition
From the start of the Russia-Ukraine war, we have seen global interest fragment across both energy transition and energy security. With several countries being overly reliant on Russian oil and gas, we saw a return to energy sources that the world had been weaning off. For example, Exhibit 1 shows how coal, oil, and nuclear […]
The European IRA
President Joe Biden kicked off the decarbonization race by signing two monumental pieces of legislation: the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), which designated $370 billion in new funding for green infrastructure. In response, the European Commission recently announced the Green Deal Industrial Plan (GDIP). The plan will divert […]
2023 Refining Industry Outlook: A year of recalibration
Going into this past year, 2022 was meant to be the beginning of the end for petroleum refiners, but another spanner was thrown in the works. With most countries coming out of lockdown and entering post-COVID life, the expectations were that a lot of the trial and tribulations of the past two years would leave […]
2023 Mining and Metals Outlook: Fueling an energy transition
The global mining sector had a wild ride in 2022, plagued by supply-chain and labor shortages and geopolitical and economic uncertainty. Russia’s invasion of Ukraine upended markets, sending many commodities to record highs, only then to fall quickly. Several nations issued wide-ranging sanctions against Russia and further sanctions are still being debated as the conflict […]
2023 Energy Transition Outlook: A transformative year
The energy transition continued to move full steam ahead in 2022 with passage of the Inflation Reduction Act (IRA) in August 2022 kicking it into full gear. This monumental legislation supplemented the previous Infrastructure, Investments and Jobs Act (IIJA), passed in 2021 and provided unprecedented funding to clean energy and climate initiatives. These incentives include […]
2023 LNG Outlook: Will the sugar rush subside?
The global LNG market was influenced by some unprecedented factors in 2022. Europe significantly grew their LNG imports driving LNG prices to astounding highs. U.S. emerged as the top exporter in spite of an emergency shutdown at Freeport LNG. High shipping rates also plagued LNG markets along with limited supply and growing sustainability pressures. All […]
