Stillwater Associates LLC Newsletter

September 2014

In the September Newsletter we offer an update to the Bubble Map. The latest version draws Texas inside the Bubble to show the discounts in the tight oil producing regions of the Lone Star State. Then we give you a sneak peak of our new LCFS Newsletter. Subscriptions to Stillwater's LCFS Newsletter will be available in the new year. And if you missed our Catching Up with Crude-by-Rail webinar, the presentation is available at the website. Finally, don't miss Dave Hackett's talk at next month's OPIS Supply Summit on LCFS and Cap and Trade.

Lone Star State Makes it Inside the Bubble

Crude oil prices in the Texas tight oil producing regions are suffering from the same over-supply problem as the Mid Continent. There's a lot of crude oil in Texas and prices reflect the oversupply. For that reason, the Bubble has been stretched a bit to include the Lone Star State. Prices for WTI-Midland and Eagle Ford reflect the cost of transporting the last barrel out of the tight oil producing regions in Texas to market on the Gulf Coast.

Catching Up with Crude-by-Rail

If you missed our September 10th webinar, Catching Up with Crude-by-Rail, don't worry. The webinar presentation is available on the Stillwater website. Learn about the system of moving crude on train cars, the impact on stakeholders and public safety, and how regulations are evolving to drive the safety issues.

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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Coming Soon! Stillwater's LCFS Newsletter

Coming in 2015 Stillwater will be offering subscriptions to our California Low Carbon Fuel Standard (LCFS) Newsletter. This unique publication will offer weekly, monthly and quarterly looks at LCFS credit and deficit trends based on California Air Resources Board (CARB) data. Weekly reports will include a summary of the week's LCFS news, while monthly and quarterly reports will also include Stillwater's analysis of recent trends in the program.

The LCFS continues to evolve. California fuels producers and suppliers must understand the standard in order to comply and compete in this new regulatory environment.

We're offering a preview of the LCFS Newsletter on the website now. Take a look at the Stillwater's Analysis of the 1st Quarter 2014 Data and let us know what you think.

Upcoming Events: OPIS National Supply Summit

Dave Hackett will be speaking at the OPIS National Supply Summit on Monday, October 27th. Dave's talk, LCFS and Cap and Trade: Is Greenhouse Gas Regulation Coming to a State Near You?, will cover the California Greenhouse Gas regulations and what we can expect for new regulations around the country.