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Home » Authors » Stephen Letko

Articles by Stephen Letko

TW0223_electric vehicle battery pack.jpg
PVF Market Overview

U.S. Pledges $33 Billion for EVs, Battery Factories

Energy costs are a significant factor in choosing a battery plant site, as these facilities are huge energy consumers.
February 3, 2023
Stephen Letko
No Comments

By the time this column is published, we will be halfway through the first quarter of 2023, giving us an indication of how the year will unfold for the PVF industry.


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TW0123_energy bills.jpg
PVF Market Overview

2023: Supply Growth, Lower Demand Eases Price Pressures

However, markets will still be tight throughout the year, resulting in price decline but remaining well-elevated above recent historic averages.
January 6, 2023
Stephen Letko
No Comments

In 2023, ongoing supply growth coupled with weaker demand growth will ease tight markets and see some relief in the price pressures that forced energy prices higher.


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TW1222_drilling for oil at sunset.jpg
PVF Market Overview

Biden Administration Flip-Flops on Natural Gas Drilling

Yet the Interior Department announced an offshore oil and gas sale for tracts in Alaska for December.
December 5, 2022
Stephen Letko
No Comments

December is the end of a turbulent year for the PVF sector of our economy: supply-chain constraints, rising costs of material, labor shortages, escalating energy costs, international conflicts and a political environment hostile to fossil-fuel energy sources.


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TW1122_rising-gas-prices-at-the-pump.jpg
PVF Market Overview

OPEC+ Cuts Production, SPR Tapped Again

The administration announced an additional 10 million barrels from the Strategic Petroleum Reserve, which is already at an historic low.
November 4, 2022
Stephen Letko
No Comments

We are midway through the fourth quarter of the calendar year 2022. The months of November and December are not only impacted by the holidays, limiting the number of shipping days — we all will be impacted by rising fuel costs.


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TW1022-letko.jpeg
PVF Market Overview

Oil Prices Softening, Yet Still High

The high cost and limited supply of diesel fuel has an inflationary effect on all segments of the supply chain.
October 3, 2022
Stephen Letko
No Comments

Oil and gas prices continue to stay high because of low inventory, low production and high demand. This summer, the United States consumed larger amounts of natural gas to meet electricity demand. Read on to discover what else is happening in the energy sector.


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tw_letko.png
PVF MARKET OVERVIEW

Purchasing Manager’s Index in Contraction Territory

The U.S. economy is slowing at a pace not seen since the 2008 financial crisis.
September 5, 2022
Stephen Letko
No Comments
tw_letko copy.jpg
PVF Market Overview

EPA Exceeds Authority Over Power Plants’ Fossil-Fuel Use

The U.S. Supreme Court ruled against the Biden administration, but legal challenges are sure to follow.
August 5, 2022
Stephen Letko
No Comments

The month of August is the midpoint in the third quarter of 2022, with oil pricing as of this writing (mid-July) at $103.88 for WTI and $105.77 for Brent — still in the $100 range but down from record highs. 


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TW0722_semi-truck-shipping.jpg
PVF Market Overview

Trucking Costs Escalate as Energy Costs at Record Highs

The high price of shipping/trucking is only one factor driving the escalation of the cost of goods sold in our PVF industry.
July 4, 2022
Stephen Letko
No Comments

Experts predict that increased summer demand and constrained U.S. production will shoot oil prices up to $140 a barrel. 


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TW0622_oil-and-gas-drilling-rig.jpg
PVF Market Overview

NEPA Revision Will Slow Critical Energy Infrastructure

Costs and demand continue to rise as the Ukraine war goes on and allies look to the United States for a steady energy supply.
June 3, 2022
Stephen Letko
No Comments

Uncertainty in the energy market continues as the war in Ukraine rages on and supply chain issues resulting from the COVID-19 pandemic persist.


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TW0522_offshore-oil-rigs.jpg
PVF Market Overview

Russia-Ukraine War, Government Drilling Policies Keep Oil Prices High

Oil and gas development is critical to bolstering U.S. energy security.
May 1, 2022
Stephen Letko
No Comments

As the bombing of Ukraine by Russian forces continues, about 3 million barrels of oil a day are removed from global markets. 


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