By John Sinders & John Sullivan Synopsis of The American Jobs Plan President Biden wants to spend ~$2 trillion on infrastructure and jobs, calling it the “largest American jobs investment since World War II.” The American Jobs Plan, the centerpiece of Biden’s economic agenda, pledges $2.3 trillion in new spending over eight years to accomplish…
By: John Sinders The majority of ongoing U.S. based storage terminal projects are concentrated in the Gulf Coast regions of Texas and Louisiana, strategically close to major production basins or refinery end markets. While companies and governments around the world began responding to COVID 19 with varying lockdown measures, one thing became quickly apparent amid…
By: John Sinders In this edition of Founders’ Oil & Gas Market Update, we discuss the importance of re-assessing long-term business plans under the Energy market’s “new normal,” and explore a silver lining of the pandemic: the surging relevance of oil and gas storage expansion projects. Follow the link to read the Newsletter: Founders’ Oil &…
By: Tripp Salem April 20, 2020 was an historic day whereby futures for U.S. crude plummeted to the point of going negative for the first time ever, revealing the extent to which the coronavirus pandemic has obliterated demand for oil. This unprecedented chain of events threatens to overwhelm domestic storage capacity, and has already led…
In this edition of the Founders Oil & Gas Market Update, we discuss how COVID-19 is impacting energy markets and causing unprecedented disruption. With further gyrations expected in the coming days and weeks, we are in the middle innings of an historic chain of events. Follow the link to read the Newsletter – Founders April Oil &…
By: John Sinders The fallout from reduced production growth was evident in OFS providers’ third quarter results. Most OFS providers reported continued pricing pressure and a slowdown in demand for their services on U.S. land drilling and completions activities. Service companies have begun to realize that it is not enough to wait for “better times”…