To read the entire article, Click Here.

To read the entire article, Click Here.
To read the entire article, Click Here.
A recent article in the Wall Street Journal reports a global shortage of essential plastics due to chemical plant shutdowns caused by the February Texas freeze. The weather anomaly triggered massive blackouts that brought the world’s largest petrochemical complex to its figurative knees. Plant closures started a global snowball effect that resulted in skyrocketing prices of raw materials needed for manufacturing of consumer products that include auto parts, computers, smartphones, and medical face shields.
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A recent Today in Energy article, published by the U.S. Energy Information Administration, announced the largest crude oil production decrease in the U.S. Energy Information Administration’s records. U.S. production fell from 12.2 million barrels per day (b/d) in 2019 to 11.3 million b/d in 2020, a decrease of 8%. Apparently, the production decline was the result of reduced drilling activity related to 2020 low oil prices.
Low crude prices were the result of the sudden drop in petroleum demand caused by the global response to the coronavirus (COVID-19) pandemic. The article explains in detail the production decreases from the major U.S. oil production centers in Texas, offshore Gulf of Mexico, North Dakota, and Oklahoma. The Permian Basin in New Mexico and western Texas was the only area in the country that showed a production increase with an impressive 1.04 million b/d, an increase of 15%.
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A January 2021 Elsevier Journal of Cleaner Production article presents an in depth study covering the impact of several global policies incentivizing the use of Crude Tall Oil (CTO) and the impact on market demand from emerging competitive applications in biofuels.
The analysis and results presented in the lengthy, comprehensive study stems from research conducted for the project “Global Crude Tall Oil Study Availability, Trade Flows, Policy and Outlook,” a project sponsored in a research agreement with the American Chemistry Council (ACC).
The article examines whether market distortions occur when CTO is diverted from its historical utilisation in the production of bio-chemicals to the production of biofuels.
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