Articles by Stephen Letko

PVF Market Overview

U.S. Oilfield Sector Sees More Than 10,000 Jobs Lost in February

It is a severe and devastating blow to the energy sector not seen since the Arab oil embargo crisis in the 1970s.

April 2, 2021

April marks the beginning of 2021’s second, following a first quarter that has seen the current administration’s negative impact on the energy sector of our economy.

PVF Market Overview

Biden Administration Revokes Keystone XL Pipeline Permit

Executive Order 13990 eliminates more than 11,000 well-paying jobs and takes $2.2 billion in payroll out of workers’ pockets.

March 8, 2021

Stephen Letko

This column was difficult to write predicated on what has transpired since the new administration has taken charge.

PVF Market Overview

Oil, Gas Remain Essential Energy Sources

An upward trend for the industry could be regained much earlier than some of the naysayers are telling the public.

February 1, 2021

Stephen Letko

The outcome of the Georgia Senate race has been determined, with the Democrats winning both seats, thus giving control of both houses of Congress to one party. And President Joseph Biden now occupies the White House.

PVF Market Overview

Little Disruption in Energy Industry Under Biden Presidency

With the likely odds of a Republican Senate and the looming 2022 midterms, the president-elect needs to be measured in his approach.

January 4, 2021

Stephen Letko

While the outcome of the Senate races in Georgia had yet to be determined when this column was written, the Electoral College met and declared Joe Biden as president-elect.

PVF Market Overview

Biden Presidency Poses Concerns for Oil and Gas Industry

Anticipated tougher federal regulations, and possible outright barriers to much activity on federal lands, does not bode well for our sector.

December 1, 2020

Stephen Letko

We have come to the end of a year that has been very turbulent and disturbingly disruptive for the PVF industry.

PVF Market Overview

PVF Market Sees Positive Signs in 4Q Projects

Automotive, energy and data centers are the industry’s bright spots.

October 31, 2020

Stephen Letko

The COVID-19 pandemic has had a devastating impact on the demand for energy, including electricity, oil, gas and liquid natural gas.

PFV Market Overview

Sharp Rebound for U.S. Manufacturing Sector

Industrial manufacturing projects are heating up in Louisiana, Oklahoma and Texas.

October 14, 2020

Stephen Letko

This issue celebrates the 75th anniversary of The Wholesaler Magazine, which has evolved into the premier industry organ serving the HVAC and PVF industries.

PVF Market Overview

Oil/Gas Companies Report 2Q Losses

Major corrective measures have been instituted industry-wide to reduce costs and increase efficiencies.

August 31, 2020

Stephen Letko

With the second-quarter earnings reports in August registering a gusher of red ink across the industry as expected, the following are some of the more prominent companies reporting losses.