This is a 1st for Exxon as it usually develops technological tools and techniques in-house.
E&P spending has long been a slow swinging pendulum between profit and growth.
Look for continued petrochemical projects converting lower valued commodities into higher valued commodities, narrowing price spread between the two.
Truck futures are going to be a big deal, not a little deal, because trucks touch almost everything.
Refinery secondary unit additions are increasing faster than expected.
The EPA risks collapsing remaining liquidity, which will increase price volatility, not decrease price volatility.
Stay tuned to follow pricing and liquidity.
Canada heavy crude-by-rail shipments collapsed differential to high-water peak of -$6.95 BBL.
OPEC will now have to focus on both US shale and Brazil pre-salt to set production quotas.