(BELLE VERNON, PA, OCTOBER 9, 2024)—Guttman Holdings, Inc., a 100% employee-owned organization and the parent company of Guttman Energy, Inc., Guttman Renewables, LLC, and Source One Transportation, LLC, launched its Hurricane Milton fuel relief efforts today, when their first team of drivers headed to Florida. At 3:00 a.m. on October 9, 2024, Source One Transportation […]
Read MoreIs a Railroad Union Strike Imminent?
Last week, the railroad unions rejected a collective bargaining deal with the freight railroads. Four out of the twelve unions rejected a deal that was brokered by the Biden Administration in mid-September, and now the two sides have until December 8 to iron out a new agreement with a potential strike looming on December 9. […]
Read MoreUnited States Considers Consequences for Saudi Arabia After OPEC Production Cut
Following shortly after the OPEC October 5th announcement that they would be cutting production by two million barrels per day were revelations that the Biden administration had met with Saudi Arabia prior to the decree and made their expectation clear: delay your cartel’s decision for a month. The White House reportedly cited three reasons for […]
Read MoreU.S. Shale’s New Recovery
The United States’ oil and gas sector has proved to be incredibly resilient time and time again and following the devastating effects from COVID-19 in 2020 they’ve shown a new discipline to strengthen balance sheets, pay down debt and pay dividends to their shareholders. Traditionally the U.S. shale patch would immediately start boosting production after […]
Read MorePipeline Disruption
Earlier this week, the U.S. and Germany announced they would come to an agreement resolving the long dispute over Russia’s $11 billion Nord Stream 2 pipeline project. The project is an offshore natural gas pipeline that runs under the Baltic Sea from Russia to Germany. The project began in 2018, with plans for completion sometime […]
Read MoreTalks of Iranian Nuclear Deal
Today the Biden Administration discussed easing sanctions against Iran which would include oil as a key element. After a five day talk in Vienna this week, leaders returned home feeling optimistic after discussions that President Biden wants to return to the 2015 nuclear agreement that the U.S. withdrew from during the Trump administration in 2018.
Read MoreReturn To The Deal?
Last week, several world powers convened in Vienna, Austria to revive the 2015 Iran nuclear deal. Senior officials from the governments of Iran, United States, France, United Kingdom, Germany, Russia, China, and the European Union aim to determine the next steps the United States and Iran need to take to get back into compliance. The […]
Read MoreHow much ethanol is headed for China?
Last week, three ships carrying ethanol from the U.S. Gulf Coast were headed to China. Reuters confirmed, from multiple sources, that this is a sign that fuel exports were increasing from the U.S. to China. These ethanol shipments may be enough to surpass the total amount of ethanol exported from the U.S. to China in […]
Read MoreU.S. Blacklists More Chinese Firms
As President Trump’s term comes to an end, the administration continues to tighten restrictions on Chinese companies as the U.S. Department of Commerce blacklisted CNOOC (China National Offshore Oil Corporation) on Thursday. CNOOC was blacklisted for helping China intimidate neighbors in the South China Sea which threatened U.S. national security. The Department of Commerce stated, […]
Read MoreU.S. and China Relations at a New Low?
United States and Chinese trade relations appear to have hit a new low after White House trade adviser Peter Navarro said that the trade deal was “over” on Fox News last night. Navarro later walked back his comments and said that his comments were taken out of context and, “was simply speaking to the lack […]
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