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Home » Authors » Stephen Letko

Articles by Stephen Letko

TW0225_LNG tanker on the ocean.jpg
PVF Market Overview

U.S. Considering Further Sanctions on ‘Dark Fleet’ Tankers

Treasury Secretary Janet Yellen has not ruled out sanctions on Chinese banks as the United States seeks to reduce Russia’s oil revenue.
February 3, 2025
Stephen Letko

With Mike Johnson re-elected as Speaker of the House (with the support of then President-elect Donald J. Trump) on the first ballot, it bodes well for the Trump agenda regarding the energy sector of the economy and the PVF industry. 


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TW0125_U.S. presidential inauguration.jpg
PVF Market Overview

Trump’s Second Term ‘New Era of Optimism’ for PVF Industry

The DOE and DOI secretary choices reflect the new administration’s focus on pushing fossil-fuel development
January 6, 2025
Stephen Letko

When this column is published, the inauguration of the 47th President of the United States, Donald Trump, will have taken place or will commence shortly, igniting a new era of optimism for the PVF industry.


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iStock-651395914.jpg
PVF Market Overview

Domestic Manufacturers Optimistic With New Trump Administration

For years, unfair trade practices have siphoned off billions of dollars’ worth of work from American forging companies.
December 2, 2024
Stephen Letko

We are approaching the end of calendar year 2024 and Donald J. Trump is our president-elect, giving the energy and PVF sectors a breath of fresh air for future development and lower-cost energy.


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TW1124_offloading cargo ship.jpg
PVF Market Overview

Higher Energy Costs or Energy Independence?

The voters have spoken.
November 1, 2024
Stephen Letko

By the time this article is published and read, the November elections have been decided, and the future direction for the energy sector is defined


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TW1024_vote presidential election 2024.jpg
PVF Market Overview

November Presidential Election to Influence U.S. Energy Sector

A Republican victory means reduced useless, redundant and nonproductive regulations, and more oil and gas drilling for energy independence.
October 2, 2024
Stephen Letko

This month begins the final quarter of the calendar year 2024, with an election only a few weeks from when you read this column. 


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TW0924_couple driving down road.jpg
PVF Market Overview

Summer U.S Gas Demand Lower Than Expected

Refiners boosted their processing capacity in the second quarter, expecting a growth in gasoline and diesel demand that did not materialize.
September 2, 2024
Stephen Letko

September marks the end of 2024’s third quarter, with many uncertainties affecting the prospects for the PVF industry sector of the economy.


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TW0824_summer driving.jpg
PVF Market Overview

Oil Prices, Gas Demand Higher for Summer

The effects of Hurricane Beryl on Gulf of Mexico production, inland oil fields and refinery output on pricing have not been determined.
August 5, 2024
Stephen Letko

August marks the midpoint of 2024’s third quarter, with oil prices trading at $3 lower per barrel in June and July. As of this writing, WTI is $82.80/barrel, and Brent is $86.29/barrel.


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TW0724_coal-fired power station in West Virginia.jpg
PVF Market Overview

EPA Targets Coal-Fired, New Gas-Fired Power Plants

Attorneys general from 27 states and The National Rural Electric Cooperative Association filed a lawsuit against the Biden administration.
July 1, 2024
Stephen Letko

The rise in artificial intelligence (AI) has reignited concerns about electricity and strains on the power grid. 


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TW0624_industrial workers at oil refinery.jpg
PVF Market Overview

Bumpy Recovery for Manufacturing Sector

The sector was in contraction for most of 2023, but nine of 16 industries reported growth in April — the same as in March.
June 3, 2024
Stephen Letko

This issue finds us at the end of 2024’s second quarter, with the economy at an anemic 1.6 percent growth rate and an inflation rate of 3.48 percent.


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TW0524_falling oil reserves.jpg
PVF Market Overview

Falling Crude Inventories, Emissions Regs Concern Investors

On the geopolitical front, the Israeli airstrike on an Iranian embassy, killing seven, risks further Middle East escalation.
May 6, 2024
Stephen Letko

By the time this article is published, the industry will be midway through the second quarter of 2024, with the oil markets being buffeted by worries about supply shortages and escalating geopolitical tensions.


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