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Stillwater Associates LLC Newsletter

  August 2014
Summer is winding down and we have lots of exciting things happening at Stillwater. In this edition of the newsletter Dave Hackett delivers and update on the next phase California's Global Warming Solutions Act that begins in 2015, the Fuels Under the Cap program. Barry Schaps looks into the difference between wellhead and refined condensate and what that means for exports out of the U.S. Finally, join us on September 10th for our next webinar Catching Up with Crude-by-Rail. Changes in logistics are happening fast. Register now to find out how the CBR boom will impact you.
Casino Royale: California's "Fuels Under the Cap" Program
by  David Hackett

 

Market participants are starting to speculate about the next phase of Cap and Trade under California's AB32, the Global Warming Solutions Act. That phase, Fuels under the Cap, is designed to control Greenhouse Gas (GHG) emissions from transportation fuel, including gasoline, diesel, propane and natural gas. The first phase of Cap & Trade includes industrial sources like power plants, oil refineries, cement plants and other GHG sources. The next phase will have a direct impact on consumers as "Covered Entities" (CE) pass along the cost of the program to consumers. This phase begins January 1, 2015 and will impact some 950 thousand barrels per day (kbd) of gasoline and 350 kbd of diesel. 

 

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Crude oil is crude oil - right? Wrong!
by Barry Schaps

 

Recently, veterans in the oil industry have been questioning their long held assumptions about what really constitutes crude oil produced at the wellhead. One may ask, with everything else going on in the world, "Why is this important?" The short and simple answer is that "traditional crude oil" (loosely defined as liquid hydrocarbons from underground reservoirs that remain a liquid at atmospheric temperatures) is prohibited from being exported from the U.S. (except to Canada) while products "processed" from crude oil have no such prohibition and can be freely exported.

 

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Stillwater Associates is a transportation energy consulting company. We help our clients understand how fuels get from the source to the service station. If your company is in need of expert advice, please let us know.

 

Sincerely,

 


David J. Hackett, President
Stillwater Associates LLC
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Catching Up with Crude-by-Rail
Webinar
September 10, 2014
1:00-1:50 pm PST
Advances in drilling have brought about an energy boom in the U.S. This boom has led to a dramatic shift in crude oil logistics. 

To make up for the lack of pipeline capacity, producers have turned to moving crude-by-rail (CBR). In this free webinar, we will discuss the rapid growth of CBR from production in the Mid Continent to refineries on the East, West and Gulf Coasts. Participants will learn about the system of moving crude on train cars, the impact on stakeholders and public safety, and how regulations are evolving to solve the safety issues.


Join Michael Soares and Megan Boutwell on September 10, 2014 at 1:00 pm PST to catch up on all the CBR issues.

 

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