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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...

OPEC production will grow in 2022 despite recent unplanned oil production outages in Libya (1/20/2022)

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We estimate approximately 0.4 million barrels per day (b/d) of crude oil production went offline in Libya in late December. This outage contributed to the increase in the Brent spot price to $89 per barrel (b) as of January 18, 2022, from a December average of $74/b. In addition, protests in Kazakhstan have likely also put upward pressure on the Brent crude oil price as a result of the increased risk of outages in that country. We estimate that combined OPEC unplanned production outages increased in December and likely will increase in January as a result of the outages in Libya. Nonetheless, we forecast OPEC crude oil and total liquid fuels production will increase by 2.7 million b/d in 2022 to 34.3 million b/d and that OPEC will still hold more spare production capacity than historical averages. ...

EIA forecasts crude oil prices will decline through 2023 (1/12/2022)

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Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices. Crude oil production remained restrained as a result of curtailments by OPEC+ members, investment restraint from U.S. oil producers, and other supply disruptions. In 1Q22, however, we forecast that global oil markets will be balanced and that rising production will contribute to inventory builds in 2Q22 and continuing through 2023. The inventory draws from 3Q20 to 4Q21 put upward pressure on crude oil prices. We expect the forecast inventory builds from 2Q22 to 4Q23, conversely, to put downward pressure on crude oil prices. The price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast that the price will fall from the current price of around $80/b to average $75/b in 2022 and $68/b in 2023. ...

Crude oil and gasoline prices increased in 2021 as demand growth outpaced supply growth (1/5/2022)

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The Brent crude oil price increased from 2020 to average more than $70 per barrel (b) in 2021 as global demand for petroleum products increased faster than production, leading to global inventory draws. Nominally (not adjusted for inflation), the annual average crude oil price reached its highest level since 2018. Crude oil prices are the largest determinant for wholesale and retail gasoline prices, which were at their highest nominal levels since 2014. ...