On Veteran’s Day it is important to reflect on the history of this national holiday.
We have approximately six weeks left of the 2019 hurricane season as Tropical Storm Nestor landed in Florida over the weekend as a post-tropical cyclone. There was zero impact to areas of the Gulf Coast with most refineries, and for now it looks like the tropics are quiet for the time being.
The new fuel shortage in Yemen is just one of many problems causing suffering with the civil war being fought by the Iran-aligned Houthi movement and a Saudi-led coalition backed by the West. Citizens wait in line for days at a time for an opportunity to fuel their vehicles. Not only is there a shortage for motor vehicles but the shortage is affecting hospital generators, water pumps, and transporting goods around the country that is already in mass turmoil. Because of the fuel shortage, the price of fuel on the black market has tripled.
Royal Dutch Shell has pushed the U.S. Lake Charles LNG Export Project in Louisiana back five years to 2025. According to Reuters, “the project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year facility. The delay takes a major U.S. export project out of the race to achieve a final investment decision in time to start operations during an anticipated supply downturn in 2023-2024.”