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Home » Authors » Stephen Letko
Stephen Letko

Stephen Letko

Stephen Letko launched his own firm, SPL Enterprises LLC, in 2000 after a distinguished career in executive positions with companies including Dodson Steel Products, Mills Iron Works and Crane Company. His expertise includes implementation of new markets, restructuring companies to improve their financial position, and developing marketing, quality and employee incentive programs. Contact him at 770-972-8282 or sletko@splenterprises.com.

Articles

ARTICLES

TW1223_oil barrels.jpg
PVF Market Overview

Oil and Gas: Supply Chain Disruptions?

If the Israel-Hamas war remains largely in the Gaza Strip — where there is no oil-producing infrastructure — the impact will be negligible.
December 4, 2023
Stephen Letko

Oil prices are torn between rising conflict-related events risking the supply side and the slowing of the global economy.


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TW1123_Gulf of Mexico offshore oil rig.jpg
PVF News

Biden Administration Stingy on Offshore Oil-Gas Lease Sales

President Joe Biden announced a plan to sell the fewest oil and gas lease sales in history: one each in 2025, 2027 and 2029.
November 3, 2023
Stephen Letko

We are midway through the fourth quarter of 2023, with the Biden administration continuing its quest to eliminate U.S. development of fossil-fuel resources. 


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TW1023_ships entering Suez Canal.jpg
PVF Market Overview

Possible Suez Canal Extended Closure Bad for Oil Prices

Alternative routing electives are lengthy and may be risky, increasing the cost of transportation and timely delivery schedules.
October 2, 2023
Stephen Letko

October marks the beginning of the fourth quarter, with oil pricing for WTI at $87.64/barrel and Brent at $90.69/barrel as of this writing.


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TW0923_rising oil prices.jpg
PVF Market Overview

Oil Prices To Increase Through End of Year

The rise in oil prices is due to increasing demand from China, the world’s largest importer of crude oil, and India.
September 15, 2023
Stephen Letko

September marks the end of the third quarter, with oil prices rising as indicated last month.


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TW0823_oil pumps.jpg
PVF Market Overview

Saudi Arabia, Russia to Continue Reducing Oil Production

These additional cuts in August should be enough to help balance the oil market.
August 7, 2023
Stephen Letko

Midway through the third quarter of calendar year 2023, we see oil pricing for WTI at $70.31/barrel and Brent at $75.10/barrel. 


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TW0723_oil refinery.jpg
PVF Market Overview

Debt-Ceiling Legislation: Bright Spot for PVF

The industry should see pipeline construction, NEPA infrastructure projects, and increased refinery maintenance and data center projects.
July 5, 2023
Stephen Letko

The third quarter of the calendar year 2023 begins with the debt ceiling crisis behind us; whether good or bad remains in the eyes of the beholder. 


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TW0623_crude oil prices drop.jpg
PVF Market Overview

Oil Prices Per Barrel Decline to Below $80

The drop is refueled by recession fears as credit conditions in the United States and lemany other economies tighten.
June 1, 2023
Stephen Letko

The energy industry ends the first half of 2023 with a pullback in oil prices below $80/barrel, refueled by recession fears as credit conditions in the United States and many other economies tighten, and uncertainty over the pace of demand recovery in China.


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TW0523_oil pipeline.jpg
PVF Market Overview

More U.S. Oil and Gas Capital Spending in 2023

Despite inflation, interest rate hikes and regulations, about $6 billion of active natural gas pipeline projects are likely to begin in 2Q.
May 1, 2023
Stephen Letko

Midway through 2023’s second quarter, the Federal Reserve’s Jerome Powell is set to raise the prime interest rate another 25 to 50 basis points in his relentless pursuit of throttling the rate of inflation.


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TW0423_American shale gas drilling rig.jpg
PVF Market Overview

Investor Pressures Slow Down Shale Oil Production

Pipeline capacity and possibly higher interest rate increases also will affect the PVF industry this year.
April 3, 2023
Stephen Letko

The impact of the Powell initiatives on the PVF industry will begin to be felt as we see the second quarter unfold.


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TW0323_join our team.jpg
PVF Market Overview

Interest Rates, Employment Figures and Oil/Gas Growth

The oil industry is experiencing a greater percentage of hires new to the industry; it employed 948,943 professional jobs in 2022.
March 6, 2023
Stephen Letko

March marks the end of the first quarter of calendar year 2023. The Federal Reserve anticipates another two quarter-point interest rate increases in the second quarter following the quarter-point in February: one on March 22 and one at its meeting on May 3.


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