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Attitude is a Choice Attitude is a Choice

Attitude is a Choice

The New Year is off to a great start and I choose to say so.

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On the top of my list of New Year’s resolutions is to be less tolerating of negative people.  I came to the conclusion that somewhere along the line I became conditioned to accept negative people for who they are as if they are a protected class or culture. The quiet head-nodding or placating the occasional habitual whiner is what a leader does to demonstrate compassion and patience right?  

Reeling in Vehicle Recalls Reeling in Vehicle Recalls

Reeling in Vehicle Recalls

Fleets Need to Make Recall Management a Priority

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Managing vehicle recall notifications is serious business. In each case, a specific vehicle issue has been discovered that could affect the safety of the operator, passengers or general public.  Why then, do a considerable number of recalls remain open despite the manufacture’s dire warnings and notifications?  Recall management is a real and growing problem for fleet operators...

U.S. renewable diesel capacity expected to increase significantly through 2024 (7/21/2021)

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U.S. production capacity for renewable diesel could increase significantly through 2024, based on announced projects and those that are under construction. Growing targets for state and federal renewable fuel programs and incentives for renewable diesel production are driving this expansion. As of the end of 2020, we estimate U.S. production capacity for renewable diesel totaled nearly 0.6 billion gallons per year (gal/y), or 38,000 barrels per day (b/d), and we forecast it to reach 5.1 billion gal/y (330,000 b/d) by 2024 (Figure 1). ...

Despite narrowing Brent–WTI spread and lower production, U.S. crude oil exports remain high (7/14/2021)

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Following the rapid growth of U.S. crude oil production since 2010, the U.S. government lifted restrictions on crude oil exports in December 2015. Before the restrictions were lifted, exports were less than 0.5 million barrels per day (b/d), but subsequent U.S. production growth caused price spreads between international (Brent) and domestic (West Texas Intermediate, or WTI) crude oil benchmark prices to widen. WTI averaged $10 per barrel (b) less than Brent from 2011 to 2014. Since the policy change in 2015, U.S. crude oil exports have increased significantly and have averaged more than 3.0 million b/d since 2019, despite narrowing price spreads, significant price drops, reduced demand, and less production since early 2020, when the U.S. market began to react to the COVID-19 pandemic. Weekly export data from our Weekly Petroleum Status Report show a slight growth trend in crude oil exports since June 2021. As of the week of July 9, 2021, U.S. crude oil exports averaged 3.51 million b/d, and Brent and WTI spot prices averaged $76.13/b and $73.35/b. ...

Brent crude oil price forecast to average $72 per barrel in the second half of 2021 (7/8/2021)

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In the July Short-Term Energy Outlook (STEO), we revised our forecast crude oil prices up in the second half of 2021 (2H21) and in 2022. We forecast that the Brent crude oil price will average $72 per barrel (b) in 2H21 and $67/b in 2022, each up $6/b from the June STEO forecast (Figure 1). Our expectation of tighter global oil markets contributed to our upward revision of crude oil prices. We revised global production down by 210,000 barrels per day (b/d) in 2H21, leading to larger forecast inventory draws in 2H21 and smaller forecast inventory builds in 2022. We completed our forecast on July 1, before the July 2 meeting between members of OPEC and several nonmembers (OPEC+). Participants at the meeting did not reach an agreement on oil production levels and were scheduled to reconvene on July 5; however, that meeting was subsequently canceled. After OPEC+ countries could not reach an agreement, Brent crude oil prices rose, increasing to $78/b in intraday trading on July 6, the highest price since October 29, 2018. As of July 7, members of OPEC+ had still not reached a production agreement, and the price of Brent fell, closing at $73/b as future production levels remained unknown. The uncertainty over future crude oil supply led to an increase in volatility on July 7. In the July STEO, we forecast that OPEC and its OPEC+ partners will continue to increase crude oil production beyond July in response to rising global oil consumption. ...
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