Stephen Letko

PVF Market Overview

Price Increases, Supply Chain Woes Continue to Plague PVF Industry

U.S. manufacturers face a backlog that has been growing all year, with core capital goods orders climbing to a record high of $231 billion.

October 5, 2021

Stephen Letko

October marks the beginning of the fourth quarter of 2021 with the PVF industry continuing to deal with many uncertainties.

PVF Market Outlook

Biden Administration Challenges Oil Leasing Ruling

Meanwhile, the oil and gas industry chalked up a win for the PennEast pipeline as the U.S. Supreme Court ruled against the state of New Jersey.

September 3, 2021

Stephen Letko

The oil and gas industry chalked up a win for the PennEast pipeline as the U.S. Supreme Court ruled against the state of New Jersey.

PVF Market Overview

Gas Prices Rise as Production Slows

The Biden administration continues to curtail expansion of fossil fuel exploration.

August 9, 2021

Stephen Letko

By the time this article is printed and viewed, it will be the middle of the third quarter of 2021.

PVF Market Overview

Biden Administration Suspends ANWR Oil Work

Interior Secretary Deb Harland is calling for a comprehensive new environmental analysis.

July 2, 2021

Stephen Letko

Given the amount of time needed for an environmental impact statement, the Interior Dept. order could easily delay lease processing by two years.

PVF Market Outlook

Mixed Review for Biden Infrastructure Plan

Modernization needs are past due, but targeting specific industries with new taxes is not the way to go.

May 7, 2021

Stephen Letko

We are now midway through the second quarter of 2021 and the current administration continues to maintain a negative approach to the energy sector of our economy.

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

Stephen Letko

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.