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A former chief economist at the World Bank believes that the USA's tariffs on its largest trading partners could lead to many countries being pushed into recession. Rahul Tandon speaks to a shrimp and seafood harvester based off the US Gulf Coast who feels President Trump's policies is a positive for their sector. Elsewhere we hear from a Canadian auto worker and a fashion business owner in Indiana on what any US-China tariff war might mean for them. The latest business and finance news from around the world, on the BBC.
New US tariffs on imports from Canada and Mexico are highlighting the dependence of US refiners and consumers on crude and refined products from both countries. Why is the US Atlantic Coast in particular exposed to the supply and price impacts of the tariffs? Who will eat the costs of tariffs on Canadian crude? Jeff Mower speaks with senior refining editor Janet McGurty and crude price editor Jada Johnson to discuss what options US Gulf Coast refiners have in obtaining heavy crude barrels, considering the 25% tariff on Mexican oil and considering that imports from Venezuela are no longer stable. Links: Join us on Platts Connect Register for CERAWeek
On this week's episode of AvTalk, Jason journeys through the European fog for a very special trip to the beach. Snow hits the US Gulf Coast from Houston to New Orleans forcing the cancellation of thousands of flights. The Boeing 777X is flying again and the NTSB releases its final report on the United Airlines […] The post AvTalk Episode 304: Oh baby baby appeared first on Flightradar24 Blog.
Crude production in the Permian Basin is growing, but pipeline capacity growth out of the West Texas/New Mexico play is lagging. With Permian crude output expected to reach roughly 7 million b/d by December 2025, some industry watchers are concerned that tight exit capacity could lead to wider crude price discounts for Midland WTI. Will the market see a repeat of August 2018, when the WTI Midland discount widened to $20/b because exit capacity fell short? Does US crude export growth present another potential bottleneck? And what does lower-than-expected US crude export demand mean for several planned terminal expansion on the US Gulf Coast? Jeff Mower, director of Americas oil news, discusses pipeline capacity, crude export demand, and more with senior upstream oil editor Starr Spencer and midstream oil editor Binish Azhar.
This episode of Freight Up delves into the complexities of the oil market amidst escalating tensions in the Middle East, focusing on the significant impact these events have on global oil prices. Hosts Jess and David are joined by experts to discuss the recent fluctuations in oil, including the spike in Brent crude prices following geopolitical developments and the underlying economic factors contributing to market shifts. The conversation extends to dry freight and iron ore, with insights from analysts on the latest market movements and trends, particularly in relation to China's economic landscape. Additionally, the episode addresses the implications of recent hurricanes on oil production in the U.S. Gulf Coast and how these natural events intertwine with broader market dynamics. Tune in to gain a comprehensive understanding of the current state of freight and commodity markets, highlighting the intricate relationships between geopolitics, economics, and environmental factors.Takeaways: The podcast highlights the recent volatility in oil prices driven by geopolitical tensions in the Middle East. Iron ore prices have seen significant fluctuations, influenced by Chinese economic activity and inventory levels. Recent hurricanes in the US Gulf Coast have temporarily impacted oil supply and prices. The discussion emphasized the importance of macroeconomic indicators affecting both oil and dry freight markets. Market sentiment remains cautious as uncertainties around OPEC cuts and global demand persist. China's changing tax policies on imported oil could significantly affect refinery operations and crude demand. Companies mentioned in this episode: Chevron BP Shell
Hurricane Milton has rapidly intensified into a category five storm as it tears its way towards the US Gulf Coast and risks impacting businesses in the area. We talk to one of the business owners and look at the current situation.Also, we find out how expensive the future US presidential policy will be and why the "1 dollar home scheme" can help to reduce a shortage of affordable homes in Baltimore.
In this week's episode, host Daniel Raimi talks with Andrew Waxman, an assistant professor at the University of Texas at Austin, about carbon capture, utilization, and storage (CCUS), a technology that involves the capture and storage or reuse of carbon dioxide. Waxman discusses the application of CCUS technology for reducing greenhouse gas emissions from power plants and industrial facilities; the importance of the technology for achieving emissions-reduction goals; and the potential effects of the technology on local air pollution, particularly in communities along the US Gulf Coast. References and recommendations: “What are the likely air pollution impacts of carbon capture and storage?” by Andrew Waxman, HR Huber-Rodriquez, and Sheila M. Olmstead; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4590320 “Special Report on Carbon Capture Utilisation and Storage: CCUS in Clean Energy Transitions” from the International Energy Agency; https://www.iea.org/reports/ccus-in-clean-energy-transitions “City Limits: Infrastructure, Inequality, and the Future of America's Highways” by Megan Kimble; https://www.penguinrandomhouse.com/books/711708/city-limits-by-megan-kimble/
AccuWeather hurricane experts continue to sound the alarm on a high risk of tropical development in the Caribbean and Gulf, which will likely lead to dangerous conditions along the Gulf Coast of the U.S. this week. Learn more about your ad choices. Visit podcastchoices.com/adchoices
AP correspondent Donna Warder reports, a Tropical Storm churning in the Gulf of Mexico is expected to become a hurricane, as it sets its sights on the Louisiana coast.
US investors pounce on discounted stocks, leading to a rebound in the market. Apple unveiled the iPhone 16 yesterday, showcasing its new AI features. Oil prices edge higher as a hurricane approaches the US Gulf Coast while iron ore ended its six-day losing streak amid hopes for Chinese stimulus. Locally, Aussie shares are expected to rise ahead of business and consumer confidence surveys. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best. The S&P 500 rose 1.16% snapping a five-day losing streak after its worst start to a September on record. The NASDAQ rose 1.16% with Nvidia +3.5% and Tesla +2.6% leading gains. Apple finished flat after falling ~2% as it unveiled its AI-boosted iPhone 16 with improvements in its Siri personal assistant, beginning in test mode next month. Small caps Russell 2000 edged 0.30% higher and the VIX slumped 13.1%.ASX SPI up 78Local: Westpac consumer confidence August at 10.30am, NAB business confidence and conditions August at 11.30am.Anglo American hired advisers to sell two nickel mines in Brazil, says country head.Oil prices edge up as storm approaches US Gulf Coast after week of heavy losses.Traders see oil prices at $60-$70/bbl on oversupply, China demand risks.China lithium prices hit new low on macro concerns, surging supplies.China plans to include steel, cement and aluminium in its carbon market in 2024.Gold prices steady with spotlight on US inflation data.Copper bounces as market looks ahead to US inflation data.Chile copper exports hit $4.27bn in August.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
Climate change and warming oceans mean that the US Gulf Coast chemical sector will have to adapt to more frequent weather events such as Hurricane Beryl.- Gulf Coast area where Hurricane Beryl made landfall houses 13m tonnes, 29% of US ethylene production capacity- Beryl is earliest Category five hurricane on record; busy season forecast- Warming oceans mean there may be double the number of severe hurricanes - Energy, chemical industries must adapt to cope with more weather events- Move towards net zero carbon gives opportunity to relocate plants, infrastructure
After Hurricane Camille caused widespread death and destruction along the US Gulf Coast in 1969, two scientists created the Saffir-Simpson Hurricane Wind Scale as a way to quickly warn the public when dangerous storms were on the way. Today, we're still using the scale and its system of ranking storms as Categories 1 to 5. But in the 55 years since the scale was created, hurricanes have become more frequent, and they have gotten bigger, faster, more devastating. There's now debate among meteorologists about whether the scale is obsolete, and it may be time for something new.Category 6
In this episode of the Energy News Beat Daily Standup, the hosts discuss various energy-related topics. They cover OPEC's influence on oil prices in 2024, highlighting concerns about lower demand and rising non-OPEC supply. The hosts also touch on the impact of U.S. oil producers adding 1 million barrels per day to the market. The conversation shifts to ExxonMobil's Golden Pass LNG project in Qatar, expressing concerns about foreign ownership of critical U.S. energy assets. There's a mention of Venezuela's actions affecting Chevron's operations in Guyana. The hosts discuss a federal appeals court rejecting Berkeley, California's natural gas ban and the regulatory challenges leading Chevron to impair its California oil and gas production assets, resulting in a significant charge. Overall, the discussion emphasizes the complex dynamics and challenges within the global energy landscape.Highlights of the Podcast00:00 - Intro 01:18 - OPEC's Influence on Oil Prices To Remain Significant In 2024 07:38 - QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work 11:56 - Appeals court delivers fatal blow to California city pushing natural gas ban 14:24 - Chevron impairs California oil, gas production assets due to regulatory challenges 15:57 - OutroPlease see the links below for articles that we discuss in the podcast.OPEC's Influence on Oil Prices To Remain Significant In 2024Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC's share in the global total may […]QatarEnergy, ExxonMobil moving forward with Golden Pass LNG workEnergy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent stake in the […]Appeals court delivers fatal blow to California city pushing natural gas banAfederal appeals court rejected a petition Tuesday to rehear a case related to a natural gas ban proposed by the City of Berkeley, California, which the panel ruled was illegal last year. The U.S. Court of Appeals […]Chevron impairs California oil, gas production assets due to regulatory challenges(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –
In the first episode of 2024 on the Energy News Beat Daily Standup, hosts Michael Tanner and Stuart Turley discuss various topics in the energy sector. They touch upon OPEC's influence on oil prices and how external factors like lower demand and rising non-OPEC supply could impact OPEC's decisions. The hosts also highlight Qatar Energy and ExxonMobil's progress in the global LNG market, specifically with the Golden Pass LNG project. The energy market outlook for 2024 is explored, emphasizing the increasing importance of natural gas globally. The discussion includes geopolitical factors, such as the potential impact of conflicts with Iran, and the ongoing developments in various energy markets worldwide. The hosts express optimism for the energy sector in 2024 and share insights on current market trends.Highlights of the Podcast00:00 - Intro03:44 - OPEC's Influence on Oil Prices To Remain Significant In 202410:05 - QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work14:25 - Energy market outlook – what can we expect in 2024? – Watt-Logic18:04 - Markets Update19:35 - ConocoPhillips announces the final investment decision as a go for the Willow Project, which is located on Alaska's North Slope21:24 - OutroPlease see the links below for articles that we discuss in the podcast.OPEC's Influence on Oil Prices To Remain Significant In 2024Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC's share in the global total may […]QatarEnergy, ExxonMobil moving forward with Golden Pass LNG workEnergy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent stake in the […]Energy market outlook – what can we expect in 2024? – Watt-LogicENB Pub Note: Excellent Summary from Watt-Logic. I would add some wild items happening in the global oil and gas markets. OPEC, and OPEC + have had a major loss of control over the oil […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –
After sanctions on Russia in the aftermath of the invasion of Ukraine, Brazil started sourcing 78% of its imports from Russia. But in mid-September, Russia announced a ban on refined product exports to ease its own domestic fuel prices. It quickly changed course, however, partially lifting the ban in early October to free up storage for winter grade diesel and to offload remaining summer product. Now, the Brazilian market must decide whether to trust Russia as a steady source of fuel or to to return to the more reliable US Gulf Coast for diesel supply. S&P Global Commodity Insights' light ends pricing manager Sarah Hernandez, middle distillates manager Jordan Daniel, and Latin America refined products reporter Maria Jimenez Moya discuss how Russia lifting its diesel ban is affecting trade flows in Brazil. Links: (NEW) AULDA00 - ULSD DAP South Brazil (All-Origin) $/bbl Join us on Platts Connect
Dr. Peter Hotez is a veritable force. He has been the tip of the spear among physicians and scientists for taking on anti-science and has put himself and his family at serious risk.Along with Dr. Maria Bottazzi, he developed the Corbevax Covid vaccine —without a patent— that has already been given to over 10 million people, and was nominated for the Nobel Peace Prize. Here an uninhibited, casual and extended conversation about his career, tangling with the likes of RFK Jr, Joe Rogan, Tucker Carlson, Steve Bannon, and an organized, funded, anti-science mob, along with related topics.Today is publication day for his new book, The Deadly Rise of Anti-Science.Transcript (AI generated)Eric Topol (00:00):Hello, this is Eric Topol with Ground Truths, and I'm with my friend and colleague who's an extraordinary fellow, Dr. Peter Hotez. He's the founding dean of the National School of Tropical Medicine and University professor at Baylor, also at Texas Children's founding editor of the Public Library Science and Neglected Tropical Disease Journal. and I think this is Peter, your fifth book.Peter Hotez (00:28):That's my fifth single author book. That's right, that's right.Eric Topol (00:32):Fifth book. So that's pretty amazing. Peter's welcome and it's great to have a chance to have this conversation with you.Peter Hotez (00:39):Oh, it's great to be here and great to be with you, Eric, and you know, I've learned so much from you during this pandemic, and my only regret is not getting to know you before the pandemic. My life would've been far richer. AndPeter Hotez (00:53):I think, I think I first got to really know about you. You were are my medical school, Baylor College of Medicine, awarded you an honorary doctorate, and that's when I began reading about it. Oh. I said, holy cow. Why didn't, why haven't I been with this guy before? SoEric Topol (01:08):It's, oh my gosh. So you must have been there that year. And I came to the graduation.Peter Hotez (01:12):No, I actually was speaking at another graduation. That's why I couldn't be there, . Ah,Eric Topol (01:18):Right. As you typically do. Right. Well, you know, it's kind of amazing to track your career besides, you know, your baccalaureate at Yale and PhD at Rockefeller and MD at Cornell. But you started off, I, I think deep into hookworm. Is that where you kind of got your start?Peter Hotez (01:36):Yeah, and I'm still, and I'm still there actually, the hookworm vaccine that I started working on as an MD-PhD student at Rockefeller and Cornell is now in phase 2 clinical trials. Wow. So, which is, I tell people, is about the average timeframe --about 40 years-- is about a, not an unusual timeframe. These parasites are obviously very tough targets. oh man. And then we have AOIs vaccine and clinical trials and a Chagas disease vaccine. That's always been my lifelong passion is making vaccines for these neglected parasitic infections. And the story with Covid was I had a collaboration with Dr. Sarah Lustig at the New York Blood Center, who, when we were working on a river blindness vaccine, and she said, Hey, I want you to meet these two scientists, New York Blood Center. They're working on something called coronaviruses vaccines.(02:27):They were making vaccines for severe acute respiratory syndrome and SARS and ultimately MERS. And so we, we plugged their, their, some of their discoveries into our vaccine development machine. And they had found that if you were using the receptor binding domain of the, of the spike protein of SARS and ultimately MERS it produced an equivalent protective immune response neutralizing antibodies without the immune enhancement. And that's what we wrote to the NIT to do. And they supported us with a $6 million grant back in 2012 to make SARS and MERS vaccines. And, and then when Covid 19 hit, when the sequence came online and BioXriv in like early 2020, we just pivoted our program to Covid and, and we were able to hit the ground running and it worked. Everything just clicked and worked really well. And stars aligned and we were then transferred that technology.(03:26):We did it with no patent minimizing strings attached to India, Indonesia, Bangladesh. any place that we felt had the ability to scale up and produce it, India went the furthest. They developed it into Corbevax, which has reached 75 million kids in India. And another 10 million as their, for their primary immunization. Another 10 million is adult booster. And then Indonesia developed their own version of our, of our technology called IndoVac. And, and that's also reaching millions of, of people. And now they're using it as a, also as a booster for Pfizer, because I think it may be a superior booster. So it was really exciting to s you know, after working in parasitic disease vaccines, which are tough targets and decades to get it through the clinical trials because the pressure was on to move quickly goes to show you when people prioritize it. And also the fact that I think viruses are more straightforward targets than complex parasites. And well, so that in all about a hundred million doses have been administered andEric Topol (04:33):Yeah, no, it's just a spectacular story, Corbevax and these other named of the vaccine that, that you and Maria Bottazzi put together and without a patent at incredibly low cost and not in the us, which is so remarkable because as we exchanged recently, the us the companies, and that's three Moderna, Pfizer, and Novavax are going to charge well over $110 per booster of the, the new booster updated XBB.1.5. And you've got one that could be $2 or $4 that's,Peter Hotez (05:11):And it's getting, so we're making, we're making the XBB recombinant protein booster of ours. And part of it's the technology, you can, you know, it's done through microbial fermentation in yeast, and it's been in a big bioreactor. And it's an older technology that's been around a couple of decades, and there's no limit to the amount you could scale. The yields are really high. So we can do this for two to $3 a dose, and it'd even be less, it wasn't for the cost of the adjuvant. The C P G, the nucleotide is probably the most expensive component, but the antigen is, you know, probably pennies to, to, you know, when you're doing it at that scale. And, and so that, that's really meaningful. I'd like to get our XBB booster into the us It's,Eric Topol (05:55):Yeah, it's just no respect from,Peter Hotez (05:58):We're not a pharma company, so we don't, we didn't get support from Operation Warp Speed, and so we didn't get any US subsidies for that. And it's just very hard to get on the radar screen of BARDA and those agencies and, 'cause that's, they're all set up to work with pharma companies.Eric Topol (06:16):Yeah, I know. It's, it's just not right. And who pays for this is the people, the public, because they, you know, the affordability is going to have a big influence on who gets boosters and is drivingPeter Hotez (06:27):. Yeah. So, so what I say is we, we provide, you know, the anti-vaccine guys, like the call me a Shill for pharma, not knowing what they're talking about. We've done the opposite, right? We've provided a path that shows you don't need to go to big pharma all the time. And, and so they should be embracing what we're doing. So we, we've, you know, have this new model for how you can get low cost vaccines out there. Not, not to demonize the pharma companies either. They, they do what they do and they do a lot of important innovation. But, but there are other pathways, especially for resource coordination. So we'd love to get this vaccine in, in the us I think it's looking a little work just, just as well, it's, you know, butEric Topol (07:12):You, yeah, I mean, it's not, I don't want ot demonize the vaccine companies either, but to raise the price fivefold just because it's not getting governed subsidy and the billions that have been provided by the government through taxpayer monies. Yeah.Peter Hotez (07:28):Well, the Kaiser Family Foundation reported that they did an analysis that, that pharma, I think it was Pfizer and Moderna got 25 to 30 billion Yeah. Dollars in US subsidies, either for development costs for Moderna. I think Pfizer didn't accept development costs, but they both took advanced purchase money, so $30 billion. And you know, that's not how you show gratitude to the American people byEric Topol (07:55):JackingPeter Hotez (07:56):Up the price times for, I think I said, guys, you know, have some situational awareness. I mean, do you want people to hate you? Yeah.Eric Topol (08:04):That's what it looks like. Well, speaking of before I get to kind of the anti-science, the, THE DEADLY RISE OF ANTI-SCIENCE, your new book, I do want to set it up that, you know, you spent a lot of your career besides working on these tropical diseases, challenging diseases, you know, Leischmania, and you know, Chagas, and the ones you've mentioned. You've also stood up quite a bit for the low middle income countries with books that you've written previously about forgotten people, Blue Marble Health. And so, I, I, before I, I don't want to dismiss that 'cause it's really important and it ties in with what the work you've done with the, the Covax or Covid vaccine. Now, what I really want to get into is the book that you wrote that kind of ushered in your very deep personal in anti-science and anti-vax, which I'm going in a minute ask you to differentiate. But your daughter, Rachel, you wrote a book about her and about vaccines not causing autism. So can you tell us about that?Peter Hotez (09:11):Yeah. So as you point out, my first two books were about these, what I would call forgotten diseases of Forgotten people. In fact, that's what the first book was called, forgotten People, forgotten Diseases, which my kids used to call Dad's Forgotten book on Forgotten people, Forgotten Diseases, all the, all the, now it's in his third edition. So, but it talks about, you know, the, how important these conditions are. It's just that they're widely prevalent. It's just that they're occurring among people who live in extreme poverty, including people in poverty in the United States. That's why we set up our School of Tropical Medicine on the US Gulf Coast. I didn't do it for the summer weather which is these days in this heat dome. It's like, well, living on planet Mercury right now, in here, here in Texas.(09:58):But then, so that, that's what, that's how I started learning how to advocate, you know, for people and for diseases through neglected diseases. But, you know, when we came to Texas, we saw this very aggressive anti-vaccine movement, and they were making false claims that vaccines cause autism. And, and I said, look, I'm, you know, I'm a vaccine scientist here in Texas. I have a daughter with autism, Rachel, with an, an intellectual disabilities. And so if I don't say something who does, and, and then wrote the book, vaccines did not cause Rachel's Autism, which unfortunately made me public enemy number one or two with anti-vaccine groups. but you know, it, it, it does a deep dive explaining the science, showing there's absolutely no link between vaccines and autism, but also an absence of plausibility because what we know about autism, how it begins in early fetal brain development through the action of autism genes.(10:54):And we actually did whole exome genomic sequencing on, on Rachel and my wife Ann and I, and we found Rachel's autism gene, which is like many of them in, involved in early neuronal communication and connections. It was actually a neuronal cytoskeleton gene, as are many, in this case, a neuronal spectrum. And that one hadn't been reported before, but other neuronal cytoskeleton genes had been reported by the Broad Institute at Harvard, m i t and others. And, and that was important to have that alternative narrative because the refrain from always was, okay, doc, if vaccines don't do it, what does cause autism? And, and being able to have that other side of the story, I think is very compelling.Eric Topol (11:37):What was it, the, the fabricated paper by Andrew Wakefield and the Lancet that, that got all this started? Or did it really annotate the ? There wasPeter Hotez (11:47):Something before in the eighties about the DPT, the diptheria, pertussis tetanus vaccine claiming it caused, you know, seizures and then could lead to neurodevelopmental difficulties. But it really took off with the Wakefield paper in 1998, published in The Lancet. And that claimed that the MMR vaccine, a live virus vaccine, had the ability to replicate in the colon of kids. And somehow that led to pervasive developmental disorder. That was the term used back then. And I was Rachel's diagnosis. And it never made sense to me how something, 'cause the reason it's pervasive is it's, it's global in, in the central nervous system in, in the brain. And how, how could something postnatally do something like that? I mean, there is, there are epigenetic underpinnings of autism as well, and that's fun. Eric, you ever talk to, ever try to talk to lay audience about epigenetics? That's a tough one. That's, that's a tough one. You start talking about microRNAs and DNA methylation, histone modification. The, the lights go out pretty quickly, butEric Topol (12:46):Chromatin and histone modification. Right? Bye-bye. Yeah, you got that one.Peter Hotez (12:51):That, so that's,Eric Topol (12:52):But that, that was your really, you knowPeter Hotez (12:55):But that's when, you know, I started going up against Robert F. Kennedy Jr. And, and, and all that was, that was pre-pandemic.Eric Topol (13:03):That was in 2018, right?Peter Hotez (13:05):2017 Trump came out and said, you know, it was about to be inaugurated and, and RFK Jr said he was going be appointed to run a vaccine commission by the Trump administration. And, and I actually was sitting, you know, in my office and my assistant said Dr. Francis Collins and Dr. Anthony Fauci are on the phone. Do you have time to talk with us ? And I said, yeah, I think so. And they arranged, they had arranged for me to, because I have a daughter with autism could articulate why vaccines don't cause out arranged for me to speak with RFK Jr threw it through a mediator and, and, and it didn't go well. He was just really dug in and, and soEric Topol (13:49):He, he was just as bad then as now.Peter Hotez (13:52):Yeah. I mean, it was just, you know, kept on, you know, as I say, moving the goalposts, you couldn't pin him down. Was he talking about MMR? Was he talking about the am Marisol, was he talking about spacing vaccines too close together? He just, that always kept on moving around and, and then it was not even autism at times. You were talking about it was something called chronic illness, you know, you know, what do you do with that? Mm-hmm. . So I, and that's one when I was challenged by, you know, Joe Rogan and Elon to debate RFK Jr, one of the reasons I didn't want to do it, because I, I knew, you know, doing it in public would be no different from doing this in, in, in private, that it would not be a productive conversation.Eric Topol (14:39):Yeah, no, that I can, I do want to get into that, because that was the latest chapter of kind of vicious anti-science, which was taking on covid and vaccines and the whole ball of wax whereby you were challenged by Joe Rogan on his very big podcast, which apparently is, you know, bigger than CNN various cable news networks,Peter Hotez (15:07):Which I had done, I had been on his show a couple of times. Yeah. And that was, and that was okay. I mean, I actually liked the experience quite a bit. AndEric Topol (15:15):And he challenged you to go on with RFK Jr. And then Elon Musk, you know, joined and, you know, basically Peter Hotez (15:21):Actually, he started before then, about the week before, or a few days before, Steve Bannon publicly declared me a criminal. And you know, which I said, wow, that's, that's something. And then Roger Stone weighed in. So it was this whole sort of frontal attack from, well, people with extremist viewpoints. And there'sEric Topol (15:41):Been a long history, and a Tucker Carlson in the book, you quote, he referring to Hotezis a misinformation machine constantly spewing insanity. Speaking of projecting things, my goodness. Yeah.Peter Hotez (15:54):Yeah. Well, he did that. You know, he, that was the, that was in 2022. It was, he went on his broadcast the evening after the evening of the, in the, during that day I, with Maria, I was, we were nominated for the Nobel Peace Prize. And I guess, and I don't know if the two are related or not, I think it may have driven him off the edge, and then he just went on this rant against me. And, you know, claimed I have no experience anything about Covid. I mean, we had made two covid vaccines, right. And transferred the technology nominated for the Nobel Peace Prize and just, you know, omitted all of that. But this is how these guys work. It's, it's all about asserting control. And, and it seems to come from an extremist element of the, of the far right.(16:39): and, and, and it's not that I'm a very political person at all. I mean, you know, I've been here in Texas now for 12 years, and I've gotten, you know, I've gotten to know people like Jim Bakker and his wife Susan Baker and, and you know, a lot of prominent Republicans here in Texas, that that wasn't an issue. This is something sort of weird and, and twisted. And, and the point that I make in the book is, and it's not just a theoretical concern or a construct, it's the fact that so many Americans lost their lives during the delta and BA.1 omicron waves in 2021 and 2022, after vaccines were widely and freely available because they refused a vaccine. so vaccines were rolled out in 2021. we started strong and then vaccination rates stalled. And then we didn't get very far by this after the spring because there was this launch of an, of, of a wave of what I call anti-vaccine or anti-science aggression, convinced that deliberately sought to convince Americans not to take a covid vaccine.Eric Topol (17:56):Chapter, yeah. Your chapter in the book Red Covid. Yeah, gets into it quantifies it, hundreds of thousands of lives lost. And I know you've seen some of the papers whereby studies in red states or states like Ohio and Florida showing the, the, the connection between this.Peter Hotez (18:15):Yeah, I, I relied heavily on this guy Charles Gaba, who has a, a website called ACA signups. And he did some really in, you know, strong analysis showing that the, that the people who were refusing covid vaccines and losing their lives were overwhelmingly in red states and could even show the redder the county as measured by voters, the lower the immunization rate and higher the death rates. And the term Red Covid came from David Leonhart of the New York Times wrote an article about Charles Gaba's work, and he called it Red Covid and did a lot of updates. And the data is so strong. I mean, so much so that one person at the Kaiser Family Foundation wrote, if you wanted to ask me whether or not a person was vaccinated, and I can only know one thing about them, you know, she said, the one thing I'd want to know is what political party they're affiliated with.(19:09):It was, it's, it's that strong. And it's, and it's not that I care about your politics, even your extreme views, but somehow we have to uncouple this one from it, right. Because somehow not getting vaccinated been added to the canon of stuff that you're supposed to believe in. If you are, if you're down that rabbit hole watching Fox News every night, or, or listening to Rogan Podcasts and that sort of stuff. And somehow we have to uncouple those two, and it's the hardest thing I've ever had to do. First of all, it's unpleasant to talk about, because all of, you know, your training, Eric mine as well is, you know, said you don't talk about politics and you're, you know, we're supposed to be above all that. But what do you do when the death and dying is so strong on, on one side?(19:58):And, and I, I was in east Texas not too long ago, giving grand rounds at a new medical school in East Texas and Tyler, Texas, and very conservative part of the state. And, you know, basically everyone you talked to has lost a loved one mm-hmm. because they refused a Covid vaccine and died. I mean, that's, that's where you really start to see that. And then, and these people are wonderful people. I gave you know Bob Harrington at oh yes, at at Stanford Medicine, now he's going be the Dean of Cornell. He, he invited me with Michelle Berry to, to give grand rounds, medical grand rounds at Stanford. And I said, look, if, if my car had broken down and the flat had a flat tire, and you, and I can't fix, I'm, I'm a disaster at fixing anything.(20:49):So if you said, okay, where you had the choice, where, where do you want your car broken down in Palo Alto, California, or Stanford is, or very wealthy enclave or East Texas, I'd say I'd pick East Texas in a second. 'cause in East Texas, they'd be fighting over who you know, is going to rush to help you change your tire. Right? And these are, you know, just incredible people. And they were victims. They were victims of this far right. Attacks from, from Fox News. And one of the things I do in the book is, you know, the documentation is really strong media matters. The Watchdog group has looked at the evening broadcast of Tucker Carlson, Laura Ingram, and, and Hannity, and, you know, can I, you know, actually identify the anti-vaccine content with each broadcast during the summer and fall. And then our a social science research group out of ETH Zurich, the Federal University of Technology of Zurich, where Einstein studied, actually, you know, one of the great universities did another analysis and showed that watching Fox News is one of the great predictors of refusing a vaccine.(21:52):And, and so that, those were the amplifiers, but those generating a lot of the messages were elected leaders coming out of the House Freedom Caucus, or Senator, you know, Johnson's conservative senate that, I don't even like to use the word conservative, because it's not really that they're conservative, they're extremists. And yeah, a Senator Johnson of Wisconsin, or Rand Paul, you know, of, of Kentucky, you know, all the physician know what Yeah. And know physician and the CPAC conference of conservatives in Dallas, in 2021, they said, first you're gonna, they're going to vaccinate you, and then they're going to take away your guns and your Bibles. And as ridiculous as that sounds to us, people in my state of Texas and elsewhere in the South accepted it and didn't take a covid vaccine and pay for it with their lives. And, and how do we, you know, begin walking that back?(22:45):And, and the point of writing the book said, well, the first step is to at least describe it so people can know what we're talking about. Because I think right now, when you look at the way people talk about anti-vaccine or anti-science stuff, they, they call it misinformation or the infodemic, like it's just some random junk that appears out of nowhere on the internet. And it's not any of those things. It's, it's organized, it's well financed. It's politically motivated, and it's killing Americans on, on a massive scale. So I said, look, you know, I, I went, I'm did my MD and PhD in New York at Rockefeller and Cornell. I devoted my life to becoming a vaccine scientist. You know, the motto of Rockefeller universities to be the Rockefeller Institute of Medical Research translates to science for the benefit of humanity. And, and I believe making vaccines is one of the high expressions. And I think most physician scientists believe, I think you believe that too. And that's why you're, you're in this as well, you know, not vaccines, but you know, other lifesaving interventions. And, and so I said, well, now making vaccines is not enough. 'cause now we have to counter all of this anti-vaccine stuff, and there's, there's nobody better, you know, in terms of my training and my background going up against anti-vaccine movements because of Rachel to do this. So I, I've done it and yeah.Eric Topol (24:11):Well, you've done it. All right. you,Peter Hotez (24:14):That's my wife. Ann says you've done it. Alright, .Eric Topol (24:17):Well, as I wrote in your, with your book of blurb about you are a new species, the physician scientist warrior, and you are Peter, because you're the only one of all the physicians. We're talking about a million docs almost in this country who has stood up and you've put your life at risk, your family at risk, you've had death threats, you've had the people you know, come right to your house. and so what you've described this kind of coalescence of political will of extremists, media, of course, amplification because it benefits them. They, they're selling more you know, they get more viewers, more the spots for commercials and more they can charge. And then you're even, as you described in the book, so well, is you even have outside interested parties like Russia as part of this organization, of this coalescence of forces that are taking on the truth, that are promoting anti-science, that are winding up, people are dying, or, yeah. Or having a, you know, serious morbidity,Peter Hotez (25:26):Right? Yeah. In the case of, in the case of Russia, , it's a slightly different motivation. What they're doing is they're filling the internet and social media with both anti-vaccine messages and pro-vaccine messages. Because they have a different agenda. Their agenda is destabilized democracies. So what they're doing is they're cherry picking certain issues that they can use as a wedge to sow discord. And so when they saw the stuff about vaccines, yeah, they'll flood it with both pro and anti-vaccine message. And you see the stuff on Twitter, so much of it is computer generated, and it's just repeats the same stuff over and over again. And, and a lot of that are, you know, some of that not only, only Russia, I think China's doing it, North Korea, Iran's doing it, but particularly Russia. And that was documented by a colleague of mine, David Broniatowski who's a computer scientist at George Washington University, has really done a deep dive in that. So so'sEric Topol (26:22):I think a lot of people are not aware that's what your book, book brings to light of how organized, how financed, you know, how this thing is a machine from coming from many different domains, you know, and for different interests as you, as you just summarized, it's, it's actually scary. And besides you standing up and facing, you know, the really ultimate bravery with the, all of the, these factions attacking you, literally ad hominem, you know, personally attacking you, then you have you know, this continues to get legs throughout the pandemic, and there's no counter as you've, as you've touched on what is going to be done. You can't stand up alone on this.Peter Hotez (27:09):Well, there's, there's a couple of things. First of all, it's not only attacking the science, it's attacking the scientists. Right, right,Eric Topol (27:15):Right.Peter Hotez (27:16):Exactly. It's, it's portraying and you get get it too, as well. I mean, it's basically portraying scientists as enemies of the state. which I think is so dangerous. I mean, as I like to say, you know, this is a nation that's built on science and technology, right? The, you know, the strengths of our research universities and institutions like Scripps, like Baylor, like Rockefeller, like MIT and Stanford, and University of Michigan and University of Chicago. This is what, you know, helped us defeat fascism in World War II as evidenced by the Oppenheimer movie, right. Or, and or allowed us to achieve so many things, why people so admire our nation. When I served as US Science Envoy and the Obama administration, the State Department, and the White House. I mean, that's where people loved our country, is they all wanna study at our research universities, or they want their kids to study at our research universities.(28:10):And, and by attacking not only science, but the scientists, I think it's weakening our stature globally. And, and, and, and I think that's, that, that's another aspect. I think the other problem is we, we don't get the backing that I think we should from the scientific societies in the Times, even the National Academies. I think they, they could be out there more. exactly why, you know, I think part of it is they see, they see how I get beat up and they say, well, what's that? Right? Yeah. And I, and I understand that, but I think also, you know, they, they depend on, oftentimes on government funding. And I think they're worried that, you know, if they're, again, it's this idea that you have to be politically neutral, even if it favors the torment or the aggressor to paraphrase Desmond Tutu, that's part of it as well.(29:09):I mean, it, I mean, I do find it meaningful. It's scary at times, and I, but I do find it meaningful to ha to have this role. But getting, getting more help and backing, I mean, we're our, our university, I mean, Baylor College of Medicine, Texas Children's Hospital has been pretty good. You know, Stan, you know, having my back, it's not that way at every, and I know Scripps has been really strong with what Kristian Anderson's had to deal with around you know, all the phony bologna around covid origins. But, but not all academic health centers are that way. And, and I think we need our university presidents to be more vocal on this issue. And, and too often they're not as well as our academies and our, our scientific societies, because this is, I believe, going to do irreparable harm to, to science. Well, yeah.Eric Topol (30:04):You know, in my experience too, we, we've actually seen, you know, academic physicians who have basically, you know, supported conspiracy theories who have detracted from evidence and science, you knowin a major way. Some of the leading universities here as you, as you mentioned. And when I've contacted and others, their leadership, they say, well, freedom of speech, freedom of speech. 'cause they're afraid to confront them because, you know, all the different things. We've, we, you've mentioned social media, but no, the universities don't want to get attacked on social media. They're afraid of that. They're afraid of, of calling out, you know, one of the people, faculty members who are deliberately, you know garnering a lot of, yeah. And,Peter Hotez (30:56):And the point is, is it's not just, you know, freedom of speech in the sense of espousing you know, crazy views. It's the fact that they're going on the attack against mm-hmm. . I mean, I don't attack these guys, but they attacked me with, with impunity and Yes. Say terrible thing, untrue things about me. I mean, where's there's, isn't there something called professionalism or, or ethics, yeah. Right. That don't, don't, don't, don't we, aren't we supposed to be in instilling that in our, in our faculty and, and that that doesn't seem to happen.Eric Topol (31:28):So that'sPeter Hotez (31:28):Troubling asEric Topol (31:29):Well. They're, they're making credible scientists who are doing the best they can into pinatas Right. And attacking them. And with, and it can't, it can't be reciprocated because that's, that's beneath professionalism. I mean, just as you say. So, you know, you just keep, they just keep going at it. So what you have is now we've added all these different entities and all add more. One more is ai, which is going to further blur the truth.Peter Hotez (31:59):Yeah, Renee DiResta at the Stanford Internet Observatory, I don't if you know Renee, she does fabulous work. And she's written about, you know, what happens when, you know, all of the anti-science, anti-vaccine stuff is now imbued with ai, and, you know, it's going become even more sophisticated and more difficultEric Topol (32:17):To No, there's, there's gonna be a video of you saying that, you know, these vaccines are killing people but don't get a booster and it'll be just like you with your voice. Yeah.Peter Hotez (32:28):Well, they already, they already have. Now these, there's these few things on YouTube that, that claim, I'm secretly Jack Black, the actor . And that the CIA has arranged it so that Jack Black plays this fictional character named Dr. Peter Hotez. And they do all these things like, you know, focus in on my eyes and do like eye identification. It's just, it's just nuts. I mean, what, what's out there?Eric Topol (32:54):Well, has there been a time in these months where you were very scared you, you're for yourself or your family because of all the incredible density and, and what appears to be very serious threats and duringPeter Hotez (33:08):, during, during the day, during the day, I'm okay. I mean, in, you know, when the, when the, when the Steve Bannon in stuff and Joe Rogan stuff, then I had the stalking at the house, and, you know, I had to have a Houston Police Department officer parked in front of my house or a Harris County Sheriff that, that was troublesome. But it, it's more of during the day, I am fine. I'm working, I'm talking, you know, to people like you and in lab meetings, doing what scientists do, writing grants and throwing pencils at the wall when you get a paper with a major review or, or a major revision or rejection. But, but it's, I think at night, you know, wake up in the middle of the night and the, it's, the stuff does start to mess with your head at times. And it'sEric Topol (33:54):Well, and you travel a lot and you, you've, I think expressed that, hey, you could be given a talk in an innocent place and somebody could come, you know, attack youPeter Hotez (34:04):There. Yeah. So I have to, I have, I have security now at, in major venues when I speak. and, you know, I had an, there was an incident at the World Vaccine Congress in Washington. There were protesters out in front of the, out in front of the convention center waiting for me that that wasn't fun. And so, even, you know, we've got, we'll see what happens with the, when the, you know, I'm doing a number of events around the book in Washington DC and New York and elsewhere. We'll, we'll see how that goes. soEric Topol (34:38):Well take it. You, you're, I know you well enough to know that you're an optimistic person. I mean, you've been smiling and we've been laughing during this and discussing some very heavy, serious stuff. What gives you still optimism that this can someday get on track?Peter Hotez (34:57):Well, I think it could get worse before it gets better, first of all. And, and two fronts. One, you know, I had the opportunity to meet with Dr. Tedros, the World Health Organization Director, general of World Health Organization towards the end of last year. And to say this could be the warmup act in the sense that now it's globalizing. I'm anticipating spillover all childhood immunization rates. And, you know, you're starting to see the same US style of anti-vaccine rhetoric now, you know, even in low and middle income countries on the African continent in South Asia. So I worry about, you know, measles and polio, both in the US and, and globally. I think that's, that's, I'm worried about that. The other is, you know, a lot of this is heating up, I think because of the 2024 presidential election. I think one was that with, with our, our mutual friend and colleague Anthony Fauci, now that he's out of government he's not as visible as he was.(35:58):I think they're, the, the extremists are looking around for another, they need a monster right. To, to galvanize the base. And I think I've become that monster. You know, that's, that's one thing I'm worried about. But also you with, I talk to probably someone you've seen on Twitter. and I've gotten to know her somewhat, I'm very impressed with her. Molly Chong Fast, who's a commentator on c n at M S N B C, and she, you know, put out there, and she told me privately and put it out in public that, you know, one of the reasons why things are so vicious around RFK Jr, as they see him as a third party candidate that could take Biden votes away and help create a path for Trump being elected. So by, you know, by having me debate him, it, it kind of elevated in, in its own way, elevated his stature and made him seem like a more serious person. Right, right. And my refusal, you know, popped their bubble. And that, that's one of the reasons why, why they're so angry. So this is very much tied, I think, to the 2024 presidential look. And that's what you're having seen with the House subcommittee hearings too, portraying scientists as enemies of the state. It's all for, I mean, I don't know if you've seen this, the, that House Subcommittee Twitter site, it actually says something like, we're selling popcorn, you know, we'reEric Topol (37:18):Yeah, I know. I mean,Peter Hotez (37:20):They're, they're not, they're not even pretending it's anything, theEric Topol (37:23):PoliticalPeter Hotez (37:23):Theater for Fox News soundbites. So I think we're gonna see they're the word.Eric Topol (37:27):Alright. Yeah.Peter Hotez (37:28):Yeah. And, and, but, you know, but the attacks on biomedical science, I think are gonna be, you know, have a long-term effect. If for no other reason, I think people are gonna think twice about wanting to do a PhD in biomedical scientist or become an MD PhD scientist when they see that, you know, we'reEric Topol (37:47):. Well, that's what you, you also covered that really well in the Yeah. In the book. But when you think about where we are now with climate crisis, or we're facing future pandemics, not just the one we're still working through here where is the hope that we can counter this? I mean, we need armies of people like you. We need, as you say, the scientific establishment and community all stand up. That, that gets me to one of the things that makes you differentiates you from most physicians and scientists. You write books, you are active on social media. You, you appear on the media. Most scientists grew up to have their head do the work, do good science, get their stuff published, and get grants and, you know, try to advance the field and physicians doing that, are taking care of patients, same kind of thing. What prompted you in your career to say, Hey, you know, that's not enough. I got another dimension. And why, how can we get millions of clinicians and scientists to rally to do what you'rePeter Hotez (39:01):Doing? Well, in my, in my case, I, it's not that I was deliberately seeking to be a public figure or what some call a public intellectual. It was more the case, the issues that I was most interested in, nobody was talking about. Mm. And nobody was going to talk about it. So if I didn't talk about it, it wasn't gonna be talked about. So neglected tropical diseases, you know? Yeah. For guard people was, and, and I had two colleagues in the uk, Alan Fannick and David Mullen, who felt the same way. And so we began be, we became the three Musketeers of the neglected tropical disease space. And I found that extremely meaningful and interesting. And it was the same with vaccines. So although I, I'm often in the, you know, doing a lot of public engagement, if you notice, I don't try to be like some people who do it very well, like as Sanjay Gupta or, or some others that will, or Megan Rainey that will talk about, you know, just about any health issue.(39:56):I, I don't try to do that. I sort of stay, it's a wide lane, but I try to stay in my lane around infectious, neglected diseases and, and, and vaccines. And I think that's very important. Now, in terms of, you know, the statement, most scientists or physician scientists wanna keep their head done, write their grants and paper. I think that's perfectly fine. I don't think you people should be forced to do it, but I think there's enough of us out there that wanna do it, but don't know how to get started and don't feel safe doing it. I, and so I think we need to change that culture. Mm-hmm. I think we need to offer science communication to our graduate students in their PhD programs or in MD PhD programs for those who wanna do it, or in residency training or fellowship training. And so that, because there, there are things you can learn.(40:46):I mean, we had to do it by trial and error, and in my case, more error than trial. But, but, but there is a, there is, there are things you can learn from people who do this professionally. So I think that's important. I think the other is we need to change the culture of the institutions. You know, I, I get evaluated just like you do like everybody, like any, you know, senior scientist or professor at university, and, you know, what do they ask me about? They ask me about my grants and, and my papers preferably in high impact journals, and they ask me, and I don't see patients anymore, so they don't ask me about my clinical revenue, but they ask me about my grants and papers and my grants and papers, and my grants and papers. There's not even any place on my form, my annual evaluation from, to put in the single author books. I've written much less, you know? Yeah. The, the opinion pieces I've written, or certainly not social media or even, or even the cable news channel. So, so it basically, the academic health center is sending the message. And I don't think that's unique. I think that's probably the rule in most places. I think the, the culture of academic health centers is they're basically, they're sending a message just saying, well, we don't consider that stuff important, and somehow we have to make it important. I think for those who wanna do itEric Topol (42:08):AbsolutelyPeter Hotez (42:09):To send that message,Eric Topol (42:10):You're, you're, you're pointing out a critical step that has to be undertaken in the future. it'll take time to get that to gel, hopefully, but if it's promoted actively, I certainly promote that. I know you do. Yeah. I think,Peter Hotez (42:23):I think most, most offices of communications at academic health centers, as I said, Baylor and Texas Children's is pretty good, better than most, but most, you know, don't even like their docs and scientists speaking out. Yeah. Right. They wanna control the message. It's all about, you know, they're very risk averse. They're protecting the reputation of the institution. They only see the risk side. They don't, you know, you know, you wanna speak about social justice or, or combating anti-science. Well, you know, we guess we can't stop you, but they sort of cringe at, at the idea. And then, you know, they say, well, you know, ultimately you're a professor or a scientist here, you have academic freedom.com, but don't screw this up. Right. And don institution at risk. Right.Eric Topol (43:07):Ab you're describing exactly how university communications worked.Peter Hotez (43:12):Yeah. ButEric Topol (43:13):ThePeter Hotez (43:13):Point is, and so you do it with the sort of Damocles over your head, and, and you know, as you know, and as anyone knows, if you do enough, you will screw it up eventually, right? Everybody does. And, and you know, you're gonna make mistakes. That's how you learn. You make mistakes and you, you auto correct. But, but you have to have that freedom to be able to make mistakes and Yeah. And right now that's not there either.Eric Topol (43:35):What, what you're driving at though altogether is that we're defenseless. That is, if you have an organized finance coordinated attack on science, and also of course on vaccines, and you have no defense, you have, I mean, it's hard for the government to stand up because they're part of what's the conspiracy theory is, is, is against, and you, and, and the scientific community, the clinician community is, you know, kind of handcuffed as you are getting at. And also, you know, that's not the culture that's unwilling, but something's gotta give. And this is one thing I think you're really reinforcing that, that should a pathway to countering. I mean, we can't clone you. You know, we can't, we need lots of warriors. We need, you know, thousands and hundreds of thousands of points of light who support data and evidence, you know, as best that they can. And we don't have that today.Peter Hotez (44:36):Yeah. And we, we need to cultivate that. So I'm in discussions not only with people like yourself, but other colleagues about should we try to create, whether it's a nonprofit of 5 0 1 C three or C four the climate scientists are ahead of the game on this. Yeah. Yeah. I, I talk to Michael Mann every now and then, and, you know, they've got a climate science defense fund. They, they seem to be, 'cause it, they've, they've experienced this for longer than we have. You know, the, this all started a decade before with tax against climate scientists, you know, should, in the book I talk about, should we create something like a Southern Poverty Law Center equivalent to, to protect science and scientists? And, and I think we need that because the existing institutions don't seem willing to, to create something like that. It's somehow seen as too edgy or too out there and Right.(45:30):And it shouldn't be. But, but again, this is a I think a, a great opportunity for college presidents to, to step up and, and they're not doing that. They're, they're also pretty risk averse. So I think, you know, getting, getting the heads of the academic health centers, getting the college president, university presidents to say, Hey, this is important because otherwise science is at risk. And, and you're already starting to see some crazy stuff come out of the N I h now about doing international research. They're trying to put in rules to say they want, you know, if you have international collaborators, you're supposed to collect their notebooks and translate the how are you gonna do that? That's, that's completely, IM it's important. I mean, it's, and who's gonna review it and who's gonna sign off in general legal counsel at the university on, that's basically gonna halt international research. And we have to recognize that we need this because the threats are coming. Right? I mean,Eric Topol (46:33):CliPeter Hotez (46:34):Climate change is real, and pandemic threats are real. We're gonna see another major coronavirus pandemic possibly before 2030 or a flu or an arbovirus. And, and we're, we're, we need, this is a time we need to be reinforcing our, our virology research and our infectious disease research, not a time to, you know, start dismantling it, which is what totally the house hearings are, are meant to do, and what some of these new n i h rulings are meant to do. So it's gonna take a lot of strong players and, and, and government and at universities to stand up to this.Eric Topol (47:14):Well, if we ever need to be vaccinated or immunized, it's against this. And I hope that something will give to start to provide an antidote to what is a relentless progression of united science that you so elegantly eloquently in, in your book, Peter. So thanks for writing that. thanks for joining today. I know we'll have, as we do every week conversations yeah. You,Peter Hotez (47:41):You've been a, you've been an amazing friend and colleague, Eric, and I've learned so much from you. And, andEric Topol (47:46):No, no. I, I feel I can't tell you thank you. I, I, I think it's completely reciprocal from what you bring to this table of trying to make this a better place for advancing science search for, for the truth of what's really going on out there, rather than having to deal with wacky, you know, extremists that are advancing things for various purposes that are, that are nefarious in many cases. So, appreciate it. we'll be talking some more and this has been a really for me, an enriching conversation.Peter Hotez (48:21):Same, same Eric. And thank you so much for giving this attention and the dialect to be continued.Thanks for listening, reading and subscribing to Ground Truths!Please share if you found this podcast worthwhileFull video link Get full access to Ground Truths at erictopol.substack.com/subscribe
Americas refined products markets are adjusting to altered trade flows more than a year after Russia's invasion of Ukraine. Refined products that were once supplied to Brazil from the US Gulf Coast have now been replaced by Russian barrels, while other markets in Latin America are still being wary of touching Russian product out of fear of repercussions from the US. Oversupply has caused naphtha in particular to deal with volatility and low export demand. S&P Global Commodity Insights' Maria Jimenez Moya, Latin America refined products price reporter, sits down with Sarah Hernandez, managing editor for Americas light ends pricing, to discuss the changes arising in North and Latin American markets of naphtha and refined products as a result of Russian inflows. Related prices: NEW: AULDA00 - ULSD DAP South Brazil (All-Origin) $/bbl AGSUA00 - Gasoline CFR Suape Cargo Differential USC/Gal
For many years, Russia was Europe's main supplier of key refined oil products until Western sanctions were imposed in February 2023. Six months into the embargo on Russian refined products, markets across the continent continue to adjust. Prices appear to be rising and shipping times have lengthened as European buyers find products further afield in India, the Middle East and the US Gulf Coast. In the second of a special two-part Platts Oil Markets podcast retrospective, OPEC+ Oil News reporter Rosemary Griffin and Refined Oil Products Managers Gary Clark and Kieran Hess join Francesco Di Salvo to discuss how European oil markets have adapted to a "new normal" following one of the most consequential events in the geopolitics of oil in decades. Click here to listen to part 1 of this special retrospective. Related price assessments: AAVBG00 – ULSD 10ppm CIF NWE Cargo PAAAL00 – Naphtha CIF NWE Cargo PMAAS00 – Propane FOB ARA S&P Commodity Insights APPEC is returning to Singapore this September 4-6. Save the date! Stay on top of our coverage of APPEC 2023 on our website. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz
This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. Tourmaline made some exciting announcements last week. First, they announced a partnership on a compressed natural gas (CNG) fueling station network across Western Canada to enable heavy-haul trucks to get off diesel. The company also announced that they plan to double the amount of gas they ship as LNG by 2026. Here are some of the questions that Jackie and Peter asked Mike: How have Western Canadian gas producers survived low gas prices? Why is Tourmaline investing in natural gas stations for heavy-haul trucking now, considering it still has GHG emissions? Has Tourmaline reduced its environmental footprint, including greenhouse gas emissions? How challenging is it to achieve the federal government's goal of reducing oil and gas emissions in the range of 40 to 45 percent by 2030? Are you exporting LNG to international markets today? Can Canada compete with the U.S. to supply gas to LNG export terminals on the U.S. Gulf Coast? How much WCSB gas could ultimately be shipped off Canada's West Coast? Other information referenced in this podcast: Alberta Government's aspirational plan to reach net zero by 2050 “Alberta emissions reduction and energy development plan.” Global News (April 18, 2023) “Tourmaline, Clean Energy Fuels to partner on natural gas fueling station network.” Bloomberg (April 18, 2023) “Tourmaline Aims to Double Portion of Gas Shipped as LNG by 2026.” Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/
The ASX started the week in negative territory, closing Monday's session down 0.45% as investors sharply sold off gold and metals and mining stocks. Investor sentiment has been extremely volatile over the last few weeks amid China's easing of some COVID restrictions, surprisingly upbeat economic data out of the US and local economic data released that has moved markets especially on the GDP front.Troubled fintech company Tyro Payments (ASX:TYR) tanked more than 18% today after confirming its separate takeover talks with Potentia Capital and Westpac Banking Corporation have both concluded, as the discussions have not resulted in offers the board feels fairly value Tyro. Origin Energy (ASX:ORG) shares were also sharply sold-off today as investors responded to Prime Minister Anthony Albanese's plan to place a price cap on domestic coal and gas sales.Gold miners had a tough start to the week as the price of the precious commodity is trading more than half a percent lower around US$1,787 per ounce. Newcrest Mining (ASX:NCM) fell over 3%, Evolution Mining (ASX:EVN) lost 3.8% and Perseus Mining (ASX:PRU) ended the day down more than 4%.The winning stocks today were led by BrainChip Holdings (ASX:BRN) jumping 9.38% despite no price sensitive news out of the AI software and hardware technology company today. Megaport (ASX:MP1) and Woodside Energy (ASX:WDS) each also added over 4% and 3.5% respectively today. And on the losing end, Nanosonics (ASX:NAN) tanked 9.92%, Origin Energy (ASX:ORG) fell 7.82% and Silver Lake Resources (ASX:SLR) lost 7.52%.The most traded stocks by Bell Direct clients today were Warrego Energy (ASX:WGO), Northern Star Resources (ASX:NST), and the BetaShares Australian High Interest Cash ETF (ASX:AAA).On the commodities front, the price of oil has rebounded as the Keystone pipeline, a key pipeline in North America which links fields in Canada to refiners on the US Gulf Coast, remains shut, on top of easing COVID restrictions in China boosting demand outlook for oil. Crude oil is up almost 1% at US$71.75 per barrel, natural gas is up 10.31% at US$6.89 per MMBtu, coal is up 1.77% at US$402.50 per tonne, uranium is up 0.41% at US$48.70 per pound and iron ore is up 1.36% at US$111.50 per tonne.The Aussie dollar has weakened to buy 67.79 US cents, 92.80 Japanese Yen, 55.46 British Pence and NZ$1.06.After the Closing Bell Britain's trade balance data for October and GDP for October are both released.
The US Gulf Coast crude market is exporting record volumes while also seeing sky-high freight rates. This dynamic has been playing out consistently for the past few months, but how are these exports continuing to move in such great volumes despite this major headwind? In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights crude and shipping experts Laura Huchzermeyer, Kristian Tialios and Catherine Kellogg discuss the factors that are contributing to these high freight rates and how they are impacting US Gulf Coast exports. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts AGS (AGSAA00), 130kt Suezmax Brazil-UK Continent (ABRKB00), 270kt USGC-China (TDUCB00) and much more.
Welcome to The Hydrogen Podcast!In episode 156, A massive hydrogen announcement between four powerhouses of oil and gas and Williams talks hydrogen blending in Wyoming. All of this on today's hydrogen podcast.Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comCHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of Hydrogen
Global acrylonitrile (ACN) editors discuss demand concerns amid long supply. In this podcast, ICIS deputy managing editor Jane Massingham (Europe) and senior editors Lucas Hall (US) and Chng Li Li (Asia) discuss the latest market developments: Cautious sentiment on demand outlook Maintenance and production cuts on-going Europe experiencing summer slowdown Concerns on economy headwinds, high energy costs US continues to manage operating rates amid economic headwinds Atlantic hurricane season threatens US Gulf Coast
In this episode, Amanda Smith, Argus Deputy editor Americas crude, and Scott Phillips, Argus Market reporter Americas crude, will discuss the US Gulf coast sweet-sour price spread and how that's tightened with the recent shift in US Strategic Petroleum Reserve sales to mostly sweet crude offerings from mostly sour as Libyan production returns to pre-blockade levels.
Welcome to the CavasShips Podcast with Christopher P. Cavas and Chris Servello…a weekly podcast looking at naval and maritime events and issues of the day – in the US, across the seas and around the world. This week… we are just back from a visit to some of the key shipyards on the US Gulf Coast – and what we saw was truly eye-opening. No one we visited is standing pat, all are investing in significant upgrades. We'll talk about the trip in detail with our traveling partner, Sam LaGrone of USNI News. Please send us feedback by DM'ing @CavasShips or @CSSProvision or you can email chriscavas@gmail.com or cservello@defaeroreport.com.
S&P Global Commodity Insights recently made the decision to reflect WTI Midland barrels in the daily Platts Dated Brent global crude benchmark. See the note here. Americas crude oil managing editor Laura Huchzermeyer speaks with Emma Kettley, global lead of the Brent complex, and Kristian Tialios, US Gulf Coast crude specialist, about what the market can expect from the inclusion of one of the top-produced US crude grades into the world's most influential crude pricing benchmarks. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Dated Brent (PCAAS00), WTI Midland (AAYBA00), and much more.
Earlier this year Cheniere Energy and ARC Resources announced a new supply agreement to export Canadian gas from an LNG facility located on the US Gulf Coast. This week on the podcast, Anatol Feygin, Executive Vice President and Chief Commercial Officer at Cheniere and Ryan Berrett, Senior Vice President, Marketing at ARC Resources tell us more about their agreement. Here are some of the questions that Jackie and Peter ask them: How well positioned is North America versus other potential LNG suppliers to Europe? By 2030, how much will US LNG exports grow compared with today? Considering the long transportation distance, does it make economic sense to export Canadian gas from the US Gulf Coast? With the increasing pull from international markets, do you expect North American gas production will grow? Are ESG attributes important to buyers of LNG?See the press release about the Cheniere Energy and ARC Resources supply agreement: https://lngir.cheniere.com/news-events/press-releases/detail/247/cheniere-corpus-christi-stage-iii-and-arc-resources-signPlease review the ARC Energy Institute disclaimer.
In the background of the pandemic, IMO 2020 was reshaping the landscape of traditional marine fuels. Now, more than two years since the pandemic began, the US Gulf Coast 0.5%S market has established new standards for supplying this fuel. It came with unique blending challenges. The USGC HSFO market has also taken on a new life as a secondary option as a marine fuel. In this Oil Markets podcast, S&P Global Commodity Insights' Beth Brown and Patrick Burns discuss the recent decision to eliminate hand blends from trades reported in the Platts Market on Close assessment process in the US and how trading in these markets has evolved. This Oil Markets podcast was produced by Jennifer Pedrick in Houston.
As global oil markets continue to react in real time to the ongoing conflict in Europe, downstream sectors and interconnected industries are also beginning to see marked impacts on trade flows, fundamentals and most notably spot pricing. Long a key refining and import/export hub for the Western Hemisphere, the US Gulf Coast has seen swift reactions from logistics operations and energy majors as the region deals with a lack of Russian imports amid sanctions. Americas shipping manager Barbara Troner and dirty products manager Patrick Burns speak with clean tanker editor Eugenia Romero and US bunkers editor Phillipe Craig to break down how spot pricing for freight rates and marine fuels has reacted, and what those key segments can expect going forward.
Listen in podcast appIn this week's episode of Reformed Millennials, Broc and Joel discuss how markets are reacting to world events, highlights from the Alberta Budget, the Spotify “car-thing” and whether they’ll be able to start tracking conversions for audio advertisers after their latest acquisition. Plus a Canadian startup who started pivoted from helping refugees settle into new regions to increasing employee engagement in internal events raises a $3.5m USD seed round.Listen on Apple, Spotify, or Google Podcasts.If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.👉 For specific investment questions or advice contact Joel @ Gold Investment Management.📈📊Market Update💵📉This Market feels more like 2012 than 2022… Especially when you look at the names that are attractive.Rising rates, geopolitical stress, inflation. All reasons for recent market volatility. But the reality is, this is normal. Over the past 4 decades, the average intra-year stock drawdown was 14%. And yet, in 80% of those years, the calendar return was positive.Year over Year Hard Assets vs. Financial Assets Uranium Miners $URNM +204% Gas Expl $FCG +180% Coal Miners $ARCH +166% Agriculture $MOS +100% Oil Exp $XOP +135% Copper, Steel $XME +74% vs. Nasdaq 100 NDX +22% Bonds $ZROZ -15% Bonds $TLT -11%The main indexes tested and even went below their January lows, only to stage a major bounce towards the end of the week, last week. Given the sentiment and economic backdrop, it’s probably just an oversold bounce within a continued bear market. And yet, it’s still anyone’s guess to how long it’ll last. The S&P 500 testing its declining 20-day moving average or even 450 is not out of a question here.Metals stocks have been notably the strongest sector, probably due to war-related sanctions. XME is at 10-year highs. Steel, aluminum, copper stocks are busting loose.Oil stocks are also holding well and are setting up for potential breakouts - GUSH, ERX, AR, DVN, TRGP, FANG, MUR, SU, etc.It’s good to see stocks outside of the commodity space starting to break out and set up nicely on shorter time horizons… see SEAS, LNPH, DOCS, etc.It’s still a headline-driven choppy market that is capable of gapping up or down 2% on any given day. This environment requires one to be nimble, open-minded, and willing to trade both sides of the market.💸Reformed Millennials - Post of The WeekCharlie Bilello Had a fantastic post this weekend filled with charts.I've pulled out the Russia-centric parts of his post attached at the bottom.The Russian Ruble has completely crashed. Since its peak in 2008, the Ruble has now lost 73% of its value against the US Dollar.The Russian equity ETF ($RSX) debuted in April 2007 and has been twice as volatile as the S&P 500 since then.Have investors been rewarded for this additional risk?Not exactly.The Russia ETF ($RSX) is down 38% since inception versus a 295% gain for the S&P 500 ($SPY ETF).While Russian stocks were crashing, US stocks initially sold off in sympathy, hitting a new correction low near the open on February 24th.At -14.6% and 51 days, this was the largest drawdown for the S&P 500 since February/March 2020 and the longest since 2018.But the declines on the 24th didn’t last, as the S&P 500 rose 4.2% from its low to finish the day in positive territory. This was one of the largest intra-day rallies for the S&P 500 in history, and it occurred exactly one month after a similar rally (+4.4% on January 24).Rate Hikes:The volatility in the markets has not dampened the expectations of the market for rate hikes very much at all.While a 50 basis point (bps) initial move is now seen as a low probability event, Fed Funds Futures are still anticipating 25 bps hikes at the March, May, June, and July FOMC meetings with 6 hikes in total by year-end (to a range of 1.50%-1.75%).Why are investors expecting rate hikes in spite of the weakness in the financial markets?The glaring disconnect between Fed policy and inflation.We received more data on that front this week with the PCE Price Index showing a 6.1% increase over the last year, the highest rate of inflation in 40 years. This compares to a historical average of 3.25% inflation since 1960.Meanwhile, the Fed Funds Rate remains close to 0% versus its average over the same time period of 4.8%.Lest the Fed loses all their remaining credibility, the rate hikes are coming.https://compoundadvisors.com/2022/7-chart-sunday-2-27-22What Russian Sanctions Mean For Europe and The World“Now that the question of a Russian invasion of Ukraine has proven itself not to be a hypothetical, Western governments will be pushed to respond.The United States and its European allies are likely to pursue a sanctions campaign, but this is easier said than done. While it has been popular to deride Russia and its economy as a "gas station" masquerading as a country, the reality is that Russia is a significant--often the largest--exporter of several critical commodities. Russian exports directly feed and fuel (or enable the processes to do so) vast swathes of the world from South America to the Middle East and East Asia--in addition to lighting and heating European homes and supplying crude oil to US Gulf Coast refineries.For the latter scenario, Russian crude exports to the world's largest oil producer picked up significantly in 2021 as a result of US sanctions against Venezuela, illustrating the double-edged nature of sanctions in the globalized economy.The Ukraine War: Energy EditionThe ins and outs of the major oil and natural gas suppliers is a favorite topic of ours here at Zeihan on Geopolitics, and it forms a cornerstone of our expertise; my team and I have decades of combined experience on the issues facing global energy. Crack open any of my books and you'll see that oil and gas are usually the topic of the longest chapters. My second book, The Absent Superpower, chronicles the many outcomes of the American shale revolution. Most notable: an America able to divorce itself from the wider world, and a major regional war in which Russia invades…Ukraine.Now we are gearing up for the release of our newest project - The End of the World is Just the Beginning: Mapping the Collapse of Globalization. The new book breaks down the future shape of various economic sectors in a post-globalized world: finance, manufacturing, agriculture. Energy The rapidly-building Ukraine War obviates nothing in the new book (thankfully), but it certainly focuses the mind on the burning questions of the day. How badly will the war impact the world’s second-largest energy exporter? Which consuming markets will be most (and least) impacted? How will those markets adapt to the sudden loss of Russian exports? How long will those losses last?🌊 Canadian Companies To Peruse 🌊EPOCHAPP.COM - Founded in Kitchener, Ontario. Epoch is the employee experience platform that drives engagement in your learning programs, DEI and ERG initiatives, AMAs, All Hands and internal events. Raises $3.6m USD from Rally Ventures (feb 23rd). 🔮Best Links of The Week🔮YouTube adds another TikTok feature: live ringsThe Netherlands has fined Apple five times over app store paymentsEA CEO explains why company may ditch FIFA branding in leaked staff commentsInventing Anna Sets Surprising Netflix Record As It Remains #1 In The Top 10iPhone average selling price up 14% as iPhone 13 drives record revenue This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.reformedmillennials.com
Looking ahead into 2022, US crude oil export flows will continue to recover and grow as demand and prices surge, but will we see export volumes return to the record levels we were seeing a couple of years ago? S&P Global Platts US crude managing editor Laura Huchzermeyer, US Gulf Coast crude reporter Kristian Tialios, and Platts Analytics' North American oil analyst Lisa Orme discuss market trends impacting the waterborne crude oil market on the US Gulf Coast, along with the forecast for volumes in 2022.
The Starship system is a fully reusable, two‑stage‑to‑orbit super heavy‑lift launch vehicle under development by SpaceX. The system is composed of a booster stage named Super Heavy and a second stage, also called "Starship".Starbase is a private rocket production facility, test site, and spaceport constructed by SpaceX, located at Boca Chica approximately 32 km east of Brownsville, Texas, on the US Gulf Coast.Become a member of Space News Pod!►► https://discord.gg/dMXghpX►► https://twitch.tv/spacenewspod►► https://facebook.com/spacenewspod►► https://patreon.com/spacenewspod►► https://twitter.com/spacenewspod►► https://instagram.com/thespacenewspodSupport this podcast at — https://redcircle.com/elon-musk-pod/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Welcome to The Hydrogen Podcast!In episode 058, Linde starts up a major new hydrogen facility in the US Gulf Coast. The Economist talks about the different industries that are running into hydrogen. And I answer a very loaded question from our inbox. All of this on today's hydrogen podcast. Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comCHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of Hydrogen
Chris Midgley, global director of analytics at S&P Global Platts, shares his latest outlook for global oil demand heading into the third year of the pandemic and takes stock of the tension between climate ambitions and economic growth. Midgley explains why US shale drillers continue to hold back despite relatively higher oil prices, whether the US and Iran will likely reach a nuclear deal to remove oil sanctions, and how US Gulf Coast producers and refiners are recovering after Hurricane Ida. Stick around after the interview for Chris van Moessner with the Market Minute, a look at near-term oil market drivers.
Hurricane Ida landed along the Louisiana coast on 29 August 2021 as a category 4 storm, affecting not only the region's refineries but also offshore production operations of a lot of the country's medium sour crude oils. In this episode of The Crude Report, Argus Americas Crude Associate Editor Amanda Hilow and Deputy Editor Amanda Smith discuss the hurricane's effect on the region's oil refining, production and prices, as of the recording date of 5 September 2021.
A humanitarian disaster occurs when the human, physical, economic or environmental damage from an event, or series of events, overwhelms a community's capacity to cope. These disasters can take many forms including; natural disasters such as floods and hurricanes as well as human conflict. We are living in a time where we are constantly dealing with multiple global crises, and with the pandemic still impacting communities it seems like the world is becoming overwhelmed. From the recent events in Afghanistan to the earthquake in Haiti and now the Hurricane in the US Gulf Coast, communities are continuing to battle disasters with sometimes limited to no resources. So, in today's conversation we will discuss how organizations and communities are finding solutions to a number of humanitarian crises and how others can get involved.
It's been quite the week in energy markets, as Hurricane Ida hit the Louisiana coast, causing damage, power outages and destruction to the regular supply of oil and other projects in and around the region. The US Gulf Coast is built to deal with hurricanes like this, but each storm is unique, and what is impacted for how long disruptions persist factor into how the oil industry reacts. S&P Global Platts editors discuss storm damage, power outages and disruptions and how oil prices have reacted in the days following the storm.
Flows of naphtha from the US Gulf Coast to Asia have reached record highs in May and June, drawn by fresh demand from Asia's steam crackers returning from seasonal maintenance and new units coming online over the second half of June. Though higher refining rates and dampened demand for gasoline in the US have opened wide this normally delicate naphtha arbitrage, tanker owners operating in the Americas have shown resistance to making the trans-Pacific voyage, citing low daily earnings and weak freight levels in both the Americas and Asia Medium Range tanker markets as deterrents for repositioning their fleets. Marieke Alsguth, S&P Global Platts clean tanker editor, sits down with Houston naphtha editor MK Bower and Singapore naphtha editor Wanda Wang to discuss the factors that opened the floodgates for naphtha barrels to move from the USGC to Asia, and how the resurgence of petroleum product demand as countries emerge from pandemic-related lockdowns could affect activity on the trans-Pacific trade flow.
In our news wrap Friday, the U.S. Gulf Coast is bracing for what could be the year's first tropical storm. Storm warnings extended across parts of Louisiana, Mississippi, Alabama and Florida -- and Louisiana declared an emergency. Meanwhile, Western U.S. faced another day of searing heat -- expected to last until next week. On Wall Street, stocks slumped on worries about future interest rate hikes. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
Global crude prices have staged an impressive rally, recovering to pre-COVID levels. However, many US Gulf Coast crude differentials and regional spreads are yet to normalize, raising the question if the 2020 demand shock and ongoing infrastructure buildout will have a permanent impact on relative prices. S&P Global Platts Americas Crude Managing Editor Laura Huchzermeyer discusses recent price trends on the Gulf Coast and the Platts AGS waterborne crude assessment with Senior Pricing Specialist Kristian Tialios and Associate Director Matt Eversman.
Are recent shifts in Atlantic Basin products arbitrages an unusual pandemic feature or the new normal for clean tanker trade? And are the 38kt US Gulf Coast-to-Brazil and 37,000 mt UK Continent-West Africa freight runs the new pacesetters of the Americas and European freight markets? S&P Global Platts Americas managing editor Barbara Troner examines the southward shift in Atlantic Basin clean tanker trade flows to Latin America- and West Africa-bound voyages with Platts experts Marieke Alsguth in Houston and Chris To in London. For free access to information on the dynamics and assessment methodology of the MR USGC-Brazil, please click here or send us an email at tankers@spglobal.com.
414. Part 2 of our interview with photographer and musician Matthew D. White. "I am a photographer living in New Orleans. Most of my work is centered on the south Louisiana landscape, the US Gulf Coast, and South Florida. I have been photographing the Louisiana coast from Sabine Pass to the mouth of the Mississippi for more than 15 years. I also specialize in architectural, real estate, nature, travel, aerial, and industrial imagery. My photographs have appeared in Nature Conservancy Magazine; 64 Parishes (Louisiana Endowment for the Humanities); Marie Claire (UK); Stern (DE); the New Orleans Times-Picayune; and The New York Times. My stock portfolio is represented by Getty Images. Licensing available for all images seen here. Inquire for commercial or editorial assignment." This week in Louisiana history. April 24, 1877. Reconstruction ended in Louisiana.This week in New Orleans history. On April 24, 1877, Federal troops were ordered out of New Orleans, ending the North's post-Civil War rule in the South. This week in Louisiana. Fort Jesup State Historic Site sits deep in the rural country between the Louisiana Purchase’s oldest city, Natchitoches, and the trophy fish-rich waters of Toledo Bend Reservoir. For those interested in American military history, it offers insights into a nation 150 years ago that was headed westward and facing enormous growing pains. After the 1803 Louisiana Purchase, the United States’ western borders were not clearly defined. The U.S. claimed eastern Texas and the Spanish claimed west Louisiana. The area became known as the “Neutral Ground,” an infamously lawless region that led to Fort Jesup’s founding in 1822. Postcards from Louisiana. Steve Mangano plays at the Bourbon St. Drinkery.Listen on iTunes.Listen on Google Play.Listen on Google Podcasts.Listen on Spotify.Listen on Stitcher.Listen on TuneIn.The Louisiana Anthology Home Page.Like us on Facebook.
413. We interview photographer and musician Matthew D. White. "I am a photographer living in New Orleans. Most of my work is centered on the south Louisiana landscape, the US Gulf Coast, and South Florida. I have been photographing the Louisiana coast from Sabine Pass to the mouth of the Mississippi for more than 15 years. I also specialize in architectural, real estate, nature, travel, aerial, and industrial imagery. My photographs have appeared in Nature Conservancy Magazine; 64 Parishes (Louisiana Endowment for the Humanities); Marie Claire (UK); Stern (DE); the New Orleans Times-Picayune; and The New York Times. My stock portfolio is represented by Getty Images. Licensing available for all images seen here. Inquire for commercial or editorial assignment." This week in Louisiana history. April 17, 1811. Attakapas Parish abolished, became St. Martin & St. Mary. This week in New Orleans history. According to local historian Buddy Stall, The [New Orleans] Pelicans made their professional [baseball] debut on April 17, 1887 as a member of the Southern Association. In their first outing, the Pels defeated Mobile, 5-2, then went on to win 75 games against 40 losses and win the pennant. The “Golden Era” of the team ran from 1901 through 1938 when the Pelicans finished in the first division all but five times. During that period, 10 pennants flew above Heinemann Park. This week in Louisiana. Fort St. Jean Baptiste State Historic Site Tour a replica of the first European settlement in what would become the Louisiana Purchase. In 1714, traveling up the Red River on his way from present-day Alabama to Mexico, French-Canadian trader Louis Antoine Juchereau de St. Denis came upon a massive, impenetrable logjam that stopped him from advancing further. St. Denis had two huts hastily constructed, which also happened to be in a Natchitoches Indian village, and thus established the first permanent European settlement in the territory later called the Louisiana Purchase. A more substantial fort was constructed two years later to serve as a means of preventing Spanish soldiers from entering what was then French territory. The newly named Fort St. Jean Baptiste grew, becoming one of the most important trading centers in the Lower Mississippi Valley. Three Caddo Indian tribe were instrumental in ensuring France’s success at the fort, located in the center of present-day Natchitoches, because they formed communication networks between the French and Spanish settlers, plus other Native American groups. Postcards from Louisiana. Ruston Earth Day choir.Listen on iTunes.Listen on Google Play.Listen on Google Podcasts.Listen on Spotify.Listen on Stitcher.Listen on TuneIn.The Louisiana Anthology Home Page.Like us on Facebook.
This week we welcome Doug Gabriel and Trey Wilson! Doug Gabriel's #1 Hits Tribute Show is everything the name implies and so much more! One of Branson's longest running and most successful entertainers, Doug Gabriel gives you everything he's got on songs that everyone knows and loves! Hits from today's artists, yesterday's hit-makers. Doug started singing at the age of two, and began using his God-given talent professionally at the age of twelve. Several years later he began touring and opening for many other stars like Marie Osmond, Roy Clark, Tony Orlando, Tanya Tucker, Bobby Vinton, Mel Tillis, The Gatlins, Moe Bandy, Ronnie McDowell This is an example of a man who never lost sight of making his professional dreams come true. Doug’s talent, consistency, and his persistence made a diamond in the rough, a shining star. As a long-time favorite in Branson, it wasn’t a stretch that in 1994 his own show was created, “The Branson Morning Show, starring Doug Gabriel.” His talent has made him Branson’s Most Awarded Performer, and soon he began performing at night to the same ovations he got during the day. He remains very passionate about music and entertaining Branson audiences but, more than anything, he's passionate about family. Plus, Doug plays his World Famous Mufftar, a guitar made out of a 1969 Thunderbird muffler! He, and his family, are the 8th longest running act in the Branson area. This is due to his seemingly effortless talent, the quality of his show, and the altering of his show each year to keep things fresh. His talent and personal appeal will keep you coming back every time you are in Branson. Doug performs his show at The Branson Famous Theatre! For more information, or to order tickets call the Branson Famous BoxOffice: 417-231-4999 or visit DougGabriel.com. Trey started his singing career in a small Baptist church at the age of three and hasn't stopped since. He has shared the stage with artists such as The Cathedrals, The Kinsmen Quartet, The Happy Goodmans, The Gaither Homecoming Tour, the late Dottie Rambo and traveled for nearly three years with the Plainsmen Quartet. Born and raised in the Lone Star State, Trey was a senior in High School when he joined Grand Country in 2003. Trey was performing at the National Quartet Convention where Mike Patrick first met him. Mike was so impressed with Trey that he flew him to Branson for an audition and hired him on the spot. At the young age of 17, Trey packed up and moved to Branson to start the job, finishing high school by correspondence. During his 10 years with us, Trey was such an important part of the Grand Jubilee, New South Gospel, and Branson Country USA. His contributions went far beyond just being the New South lead singer. He was involved in vocal arrangements for both the stage and recording projects, in addition to assisting with many of the production elements of our shows. Trey left the group in August 2013 to pursue a career back in his home state of Texas. He took a marketing and sales job with GSD Companies based in Houston. GSD is a global scrap business which has also expanded into industrial demolition services for the petrochemical industry across the United States, and marine construction and dredging along the US Gulf Coast.
As the shortest route from the US Gulf Coast to East Asia, the Panama Canal has emerged as a key fixture in global trade flow dynamics. We spoke with Ricaurte Vásquez Morales, administrator of the Panama Canal Authority, who has been working to reduce congestion of the canal, which has grown in part because of LNG shipments from the US.
The US Gulf Coast storm impact could be worse than Hurricane Harvey, and cause a global supply crunch for major chemical product groups. - Polar storm impact could be worse than Hurricane Harvey - 100% of US capacity knocked out for major commodities - Polar storm on top of shipping container, semi-conductor disruption - Supply was already tight in some value chains - Middle East and South Korea may replace lost US supplies - Big question over real demand in China - Globally, pandemic-related stockpiling may mask underlying poor demand - Global supply chains not fit for purpose - Brexit disruption will get worse when UK starts to enforce border controls - Expect big drop in China 2021 net imports of polypropylene (PP), ethylene glycols (EG), paraxylene (PX), styrene - China self-sufficiency means producers elsewhere may have to close capacity
Bad weather on the US Gulf Coast and a rise in crude oil prices has added to volatility in the European naphtha paper market -- belying more balanced physical fundamentals -- while export demand for European gasoline has shot up. S&P Global Platts reporters Evridiki Dimitriadou and Joseph McDonnel discuss the market with Francesco Di Salvo.
By Shelbylynn Mendive. This podcast follows Erika Vera's experience with the 2008 Hurricane Ike that hit and devastated the US Gulf Coast. Erika lived in Galveston, Texas, prior to the hurricane landfall and shares how this hurricane affected her and her family, and what it was like as a child to experience Hurricane Ike.
It has been a big year for the US flagship crude, West Texas Intermediate, and in particular the way that grade is priced. Following significant growth of US crude exports before the pandemic and then the April 20 price collapse of the NYMEX WTI contract, S&P Global Platts launched its AGS assessment for waterborne cargoes of WTI Midland loading on the US Gulf Coast. Then just last week, Platts captured the global oil industry’s attention with its proposal to include WTI Midland in the Dated Brent global benchmark beginning in March 2022. In today's podcast we'll review how Platts AGS has performed since its launch in June amid challenging fundamentals for global oil markets.
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A tropical depression has formed just south of Jamaica in the Caribbean Sea on Sunday evening and is becoming better organized, according to the National Hurricane Center. The National Hurricane Center issued this advisory at 11.00 pm EST on Sunday; Tropical storm conditions are expected in the Cayman Islands beginning late Monday, and a tropical storm warning is in effect. Click here to read on eTurboNews --- Send in a voice message: https://anchor.fm/etn/message Support this podcast: https://anchor.fm/etn/support
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Tropical Storm Delta looks poised to make another US Gulf Coast landfall by the end of this week as a hurricane. Get the latest on its track and intensity here. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Two days ago, there was nothing. Yesterday, tropical storm gamma formed in the Caribbean and is almost a hurricane. After it hits the Yucatán, its path remains a mystery. 3 other wave are scattered about the Atlantic, including another in the Caribbean that looks like it could pose a threat to the US Gulf Coast next week. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Julia Chatterley is live from New York. Here are the top business news stories today! Boeing blamed! The US House Panel blasts Boeing’s failures that caused 346 preventable deaths on their 737 Max. A blizzard on Wall Street! Snowflake begins trading in the biggest IPO of 2020. Hurricane Sally is creeping along the US Gulf Coast unleashing threatening floods. It’s Wednesday, let’s make a move.To learn more about how CNN protects listener privacy, visit cnn.com/privacy
US Gulf Coast market players looking to get light naphtha barrels off their hands, a hungry Asian market and weakened freight is the perfect arbitrage recipe. But with shipowners reluctant to move their ships East, where the freight market is weak, the balance has been delicate. Sarah Raslan, US naphtha editor, and Marieke Alsguth, US clean tankers editor, chat with Americas Oil Markets Editorial Director Director Richard Swann to dissect the ingredients that have set the table for this arbitrage opportunity.
*) Palestinians slam UAE, Bahrain deals with Israel The Palestinians have slammed deals between Israel and two Gulf Arab states, calling them a "treacherous stab in the back". The Palestinian reaction followed a signing ceremony at the White House in Washington that formalised Israel's ties with the UAE and Bahrain. The Palestine Liberation Organization, the Palestine Liberation Front and Fatah all condemned the deals as agreements of "dependency, protection, and obedience with the occupation state". *) Greece ready for eastern Mediterranean talks with Turkey Greek Prime Minister Mitsotakis says he's ready to enter exploratory talks with Ankara “immediately” over the eastern Mediterranean. Turkey and Greece have been at loggerheads over maritime zones in the eastern Mediterranean which are potentially rich in natural gas. The latest standoff began after Turkey deployed the Oruc Reis research vessel and warships to Mediterranean waters on August 10. *) Japan elects Suga as new PM after Abe resigns Japan’s parliament has elected Yoshihide Suga as the country’s new prime minister. Suga was elected head of the ruling Liberal Democrat Party following the resignation of Shinzo Abe and his cabinet. Abe announced last month that he was stepping down due to health problems. *) Hurricane Sally threatens Gulf Coast Hurricane Sally is moving toward the US Gulf Coast, possibly bringing with it "extreme, life-threatening" flash floods. Sally has strengthened to a Category 2 storm and threatens massive flooding in Alabama and Mississippi. Authorities in the coastal Alabama city of Gulf Shores warned of life-threatening conditions and ordered a curfew. And finally, *) Turkey's flying car completes its first test flight Turkey's first domestically produced flying car Cezeri [jezerie] has successfully completed its first test flight. The car is named after Ismail al Jazari, a renowned 12th-century Muslim engineer and polymath. It's expected to take an estimated 10 to 15 years for the car to hit the roads.
China fires missiles into the South China Sea. Hurricane Laura hits the US Gulf Coast. U.S. Vice President warns Democrats will not keep people safe. NBA teams protest another police shooting. An historic New Zealand jail sentence. Lingering effects of COVID 19.
Tropical Storm Laura drenched the Cayman Islands on Monday, en route to the US Gulf Coast. There she is expected to make landfall at hurricane strength on Wednesday.At her closest point, Laura passed 92 miles north-northeast of Cayman Brac at 5am Monday. She left an estimated 2-4 inches of rain, with up to 6 inches in localised areas, in the Sister Islands. A tropical storm warning was lifted for Cayman Brac and Little Cayman, at 4pm Monday.Read more at https://www.caymancompass.com/2020/08/24/tropical-storm-laura-expected-to-strengthen-to-hurricane-tuesday/
FEATURING TAMARA TOLES O’LAUGHLIN – Within a 24-hour period, environmental activists saw not 1, not 2, but 3 major oil and gas pipelines face serious obstacles. The Keystone XL Pipeline, a transatlantic project bringing tar sands oil from Alberta, Canada to the US Gulf Coast is lacking a critical permit that the US Supreme Court...
2019's Atlantic hurricane season was a busy one and AccuWeather's forecasters are anticipating another active season for 2020. On this week's episode, Dean DeVore is joined by AccuWeather Senior Meteorologist and hurricane expert, Dan Kottlowski, Dan explains what goes into creating the AccuWeather hurricane forecast and previews what to expect for the rest of this already active hurricane season. Next, we head into the garden with landscaper and AccuWeather Radio Broadcaster, Bryon May. Bryon shares tips on how to keep your garden healthy this summer. And finally, Dean is joined by AccuWeather Senior Meteorologist, Brett Anderson to get the latest on Cristobal, as the storm is expected to threaten the US Gulf Coast this weekend. Have an idea for a future show email us: Accuweather.Podcast@accuweather.com
Tropical Storm Cristobal unloaded flooding rainfall and made landfall in southern Mexico on Wednesday, and AccuWeather meteorologists are busy looking ahead to where the storm may go after meandering across southern Mexico. The system, now a tropical depression, is expected to take a northward turn, and it could gain strength over the Gulf of Mexico prior to reaching the southern United States coastline. AccuWeather's Bernie Rayno (@AccuRayno on Twitter) has all the details on today's edition of the "Weather Insider" Podcast!
Markets are becoming increasingly hyper-local. That’s more true today than ever. Global transportation has been the great equalizer and has made so many things appear to be commodities. That’s why real estate is hyper-local. You can’t just pick up an office building that has high vacancy and move it to a place where there is a shortage. In the absence of a differentiated value, the discussion always degenerates to price. That’s why a pound of sugar tends to cost the same in Portland, Maine as in San Diego, California. A pound of sugar is a pound of sugar. There is no real dominant brand in sugar that distinguishes one supplier from another. It’s a true commodity. But when we describe real estate we describe the property in terms of its characteristics, its amenities, and most importantly, its location. Yesterday, the futures contracts for oil went into uncharted territory. Some prices went negative. Let me take you through a sampling of prices. Saudi Arabia light and heavy oil are both trading in the futures market at $19.07. Oil in Mexico from the Mayan region varies in price depending on the destination. If the oil is destined for the US Gulf Coast, the price is negative $1.18. If that same oil is heading for Asia, then the price is $21.79. That difference in price is a reflection of differences in both transportation and storage costs. The US has so much oil at the Gulf coast right now, that they have no place to store it. North Texas Sweet Crude is selling at a negative $41 per barrel. Arkansas Sweet Crude is selling for $11.50 per barrel. Central Alberta Crude is at $10.93 These prices are all over the place. The only distinguishing factor is location and the local supply / demand balance in that market. The price difference is a reflection of the cost of storage and the cost of transportation to get the oil to where it is needed. We’ve experienced an unprecedented collapse in global oil consumption in a matter of weeks. When you take transportation systems out of the market, you create inefficiencies all over the place. Those who aren’t paying attention will be surprised. Those who understand the relationship between transportation and price will make sense of the inefficiencies in the market. Now is the time to figure out where the supply chain disruptions are happening. They’re all over the place. Expect a significant portion of the 6,000 independent oil companies to go bankrupt or be acquired in a distressed sale. The oil won’t disappear. The change will be in the ownership. Don’t expect to see prices recover to the $50-$60 range for at least another 18 months. Even the price of commodities vary by location when you take transportation out of the equation.
Long-stable crude oil price relationships at the US Gulf coast have been upended by the global crude supply/demand imbalance. What is likely to happen next? How much crude can Cushing store? And what does this mean for US exports? Argus VPs for Crude Business Development, Jeff Kralowetz and Bruce Fulin, and Argus Americas Crude Editor Gus Vasquez discuss this and more.
A little over a month into the IMO 2020 switch from 3.5% to 0.5% sulfur bunker fuels, the lifting of US sanctions on COSCO-owned tankers and dented crude oil and jet fuel demand due to the coronavirus outbreak had tanker freight take a u-turn and re-open arbitrage flows from the US Gulf Coast. Marieke Alsguth, Barbara Troner and Catherine Wood of the S&P Global Platts shipping team talk about how the first 40 days of IMO 2020 have shaped up for the Americas loading tanker markets.
January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela's state-run oil producer, PDVSA, which has been translated as a de facto ban on Venezuelan crude exports to the US market. Since then, PDVSA has seen a deterioration of its oil industry and has struggled to sell its crude barrels in international markets. In contrast, other Latin American crudes competing for business in the US Gulf Coast not only have been favored with increasing demand in that region, but also in Asia. Francisco Monaldi, fellow in Latin American energy policy at the Baker Institute for Public Policy at Rice University, and Maria Eugenia Garcia, Latin American crude senior editor with S&P Global Platts Platts, discuss the impact of the sanctions on the international crude market.
Booming US crude production and resulting export volumes are drastically changing global crude trade flows. With US Gulf coast crude exports expected to grow well past the current level of 3mn b/d, midstream players are busy building more pipelines to bring crude to the coast.
The coastal lowlands along Malaysia’s side of the Strait of Malacca are a mostly lush place, studded with fat palms and forest canopies dripping with vines. But over the past year and a half, black pillars of smoke have appeared above the treetops. We investigate how plastic waste American municipalities send for recycling, is piling up in illegal dumps thousands of miles away. Also, tiny plastic pellets, called 'nurdles' are the product of plastics producers, but why are these pellets appearing on the US Gulf Coast?; Americans have few options when it comes to recycled tissue products and that's having a devastating impact on Canada's northern forests; Meal kits are becoming very popular in the US, but are they helping us to reduce waste? (Plastic waste at an abandoned factory in Jenjarom, a district of Kuala Langat, outside Kuala Lumpur. From grubby packaging engulfing small Southeast Asian communities to waste piling up in plants from the US to Australia, China's ban on accepting the world's used plastic has plunged global recycling into turmoil. Credit: Mohd Rasfan/Getty Images)
A bill in Washington state could shut down 150,000 b/d of Bakken rail traffic through the Pacific Northwest, boost oil imports from Alaska and Asia through Puget Sound and increase North Dakota shipments to the US Gulf Coast. On this week’s Capitol Crude, we look at the bill, aimed at...
It’s been two weeks since the Trump administration unveiled sanctions on PDVSA, Venezuela’s state-owned oil company, and questions remain over where US Gulf Coast refiners will find replacement, heavy barrels, where Venezuela might ship its displaced supply and just how quickly oil...
This week we interview James Cairns, CN Rail’s Vice President of Petroleum and Chemicals on the outlook for Canadian crude by rail considering the Alberta government production curtailment. We also tackle some new modalities for moving heavy oil sands using rail, by moving pure bitumen in rail cars and by CanaPux for overseas shipments. This […] The post Canadian Crude by Rail: Growing or Slowing? first appeared on ARC Energy Research Institute.
This week’s podcast considers how Canada could help fill the gap created by the US sanctions on importing Venezuelan crude oil, explaining the potential for moving crude by rail from Canada to the US Gulf Coast. Next, we discuss the Alberta Government’s decision to start reducing production curtailments just one month into the policy. Finally, […] The post The US Stops Importing Venezuelan Oil: Will Canada Help Fill the Void? first appeared on ARC Energy Research Institute.
The US Gulf Coast has become the new crude export hub in the Americas. Brazil and USGC crude exports combined have transformed the VLCC runs from the Americas to the Asia-Pacific region into a front-haul market, attracting ballasters from as far away as Singapore. In recent weeks shipping cost on...
News reporter David Haydon speaks with markets reporter Steven McGinn on the US gasoline market. Gasoline prices are higher year on year at the start of the Atlantic hurricane season, creating a high-risk situation to consumers and the industry if another major hurricane were to hit the US Gulf Coast.
Analysts: High gas prices not expected to deter travelers, US Gulf Coast braces for impact as Alberto approaches, Oral injuries lead to recall of Spam, other Hormel product. --- Support this podcast: https://anchor.fm/anchor-news-rundown/support
The recent industry downturn was painful for the oil patch, and especially subdued global offshore exploration. But the sector is emerging more efficient and with sophisticated technologies that will prepare it for the next few decades where more automation, more predictive analysis and more...
Why are US gasoline exports to Mexico breaking records? Why are Canadian crude exports to the US Gulf Coast climbing? What about Keystone XL?Mason Hamilton and Jeff Barron, petroleum markets analysts with the US Energy Information Administration, join the podcast to discuss North American oil and...
News reporter David Haydon speaks with senior editor Lane Kelley on the US Butanediol (BDO) and acetic acid markets, where supply is tight amid force majeure declarations in the US Gulf Coast.
The Trump administration is considering sanctions on Venezuelan oil exports, but is worried they could bankrupt a refinery along the US Gulf Coast, a top energy adviser to President Donald Trump tells Platts Capitol Crude.On this week’s podcast, George David Banks, who stepped down as White...
News reporter David Haydon speaks with markets editor Jessie Waldheim on the US olefins market, which includes the products ethylene and propylene. Discussion includes the lagging issues of September and October outages that Hurricane Harvey caused to olefins plants along the US Gulf Coast, as well as delays to ethylene and propylene projects.
The 100-year-old Jones Act got a lot of attention after a brutal hurricane season, but could its role within the US energy industry change as crude oil and LNG exports increase?Senior oil editors Meghan Gordon and Brian Scheid hear from US Representative John Garamendi, Democrat-California, about...
Hurricane Harvey affected the US oil industry from the wellhead to refinery outputs, and the sector is still showing signs of slowness after the storm pummeled the US Gulf Coast. Senior oil editors Ashok Dutta, Janet McGurty and Starr Spencer recap how Harvey brought down crude oil and natural gas...
News reporter David Haydon speaks with deputy news editor Al Greenwood and deputy managing editor Zachary Moore on the recent US Gulf Coast Industry forum held in Pasadena, Texas. Discussion ranges from the state of the industry almost one month after Hurricane Harvey hit the Texas coast, to the political discussions held during the two-day event.
News reporter David Haydon speaks with senior editor manager Judith Taylor on the US base oils market. Discussion ranges from logistical challenges for base oil producers two weeks into the aftermath of Hurricane Harvey, to the continuing restarts for refineries along the US Gulf Coast.
S&P Global Platts editors David Elward, Virginie Malicier, George Shaw and Marcel Goldenberg discuss the impact of Hurricanes Harvey and Irma on Europe’s refined product and crude oil markets. Gasoline exports from Europe to the US have increased, diesel flows from the US Gulf Coast to...
News reporter David Haydon speaks with deputy managing editor Zachary Moore and deputy news editor Al Greenwood on the ongoing situation with Hurricane Harvey, which is expected to make landfall near Corpus Christi, Texas by Friday night to early Saturday. Discussion includes the proactive steps being taken by companies along the US Gulf Coast, as well as possible short and long term effects from the hurricane.
If the US follows through with sanctions on Venezuela, it can affect a slew of issues for US Gulf Coast refiners and the global markets for crude and refined oil products. Senior oil editors Meghan Gordon and Brian Scheid talk with John Auers, executive vice president with Turner, Mason &...
News reporter David Haydon speaks with senior editor Ignacio Sotolongo on the crude oil market following the 25 May meeting of OPEC and non-OPEC members to extend oil production cuts. Discussion includes market sentiment, as well as the developing relationship between OPEC and shale oil producers in the US Gulf Coast.
News writer David Haydon speaks to deputy managing editor Bobbie Clark on the US methanol market. Topics range from prices declining from March into April, as well as recent methanol plant construction announcements in the US Gulf Coast.
The Texas Gulf Coast is gearing up to handle more US oil production and a potential rise in crude exports, but pipeline capacity already outstrips the area's refining capacity.Sandy Fielden, director of oil and products research at Morningstar Commodities & Energy, talks with senior oil editors...
Hurricane Ivan would not die. After traveling across the Atlantic Ocean, it stewed for more than a week in the Caribbean, fluctuating between a Category 3 and 5 storm while battering Jamaica, Cuba, and other vulnerable islands. And as it approached the US Gulf Coast, it stirred up a massive mud slide on the sea floor. The mudslide created leaks in 25 undersea oil wells, snarled the pipelines leading from the wells to a nearby oil platform, and brought the platform down on top of all of it.
From deep in the heart of Texas, Platts' Brian Scheid talks with Matt Cook, head of Platts' Americas crude and fuel oil markets team, about US crude oil and condensate exports and Houston sprawl.The US Gulf Coast is a hotspot for exports, and Cook shares what market participants are saying about...
This week is US tax week, a good time to ask what will it take before we have a mass movement in the US offering economic alternatives. We explore this question with two guests who are in the trenches of the new economy movement. Stacy Mitchell is co-director of the Institute for Local Self-Reliance and directs its Community-Scaled Economy Initiative. She is the author of Big-Box Swindle: The True Cost of Mega-Retailers and the Fight for America's Independent Businesses. Esteban Kelly is the Co-Executive Director of the US Federation of Worker Cooperatives and a member of AORTA: The Anti-Oppression Resource and Training Alliance, a worker-owned cooperative devoted to strengthening movements for social justice and a solidarity economy. Also in this episode: it's five years since BP caused the largest environmental disaster in US history, and we show scenes from the devastation on the US Gulf Coast, and from private gatherings of oil company executives. Also in this episode, Laura talks about corporate crime, taxes, and the cost of doing business, big business's way.
Crude oil production from the Eagle Ford is increasing at the expense of West African crude imports to the US Gulf Coast. Richard Capuchino Jr., Americas crude managing editor, and Jacqueline Puig, associate editor for shale crude, explore how the domestic light sweet crude is finding more ways to...
Bernardo Fallas, managing editor of the Americas, and John Calton, associate editor for aromatics, delve into the factors behind the recent surge in benzene prices on the US Gulf Coast, what the market expects in the near term, and the impact on downstream markets. We welcome any feedback or...