{"id":5030,"date":"2021-12-06T05:17:00","date_gmt":"2021-12-06T10:17:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=5030"},"modified":"2023-07-28T14:50:56","modified_gmt":"2023-07-28T18:50:56","slug":"pfl-railcar-report-12-6-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-12-6-2021\/","title":{"rendered":"PFL Railcar Report 12-6-2021"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>\u201c<em>Reading is essential for those who seek to rise above the ordinary<\/em>.\u201d<br>&#8211; Jim Rohn<\/strong><\/p>\n\n\n\n<center><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/uAGAEXR5f6E\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/center>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Jobs Update<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong>Initial and Continuing Jobless Claims<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><u><strong><u>Initial jobless claims for the week ending November 27th came in at 222,000<\/u><\/strong>, up 28,000 people week over week.<\/u><\/strong><\/li>\n\n\n\n<li><strong><u><strong><u>Continuing claims came in at 1.956 million people versus the adjusted number of 2.063 million people<\/u><\/strong> from the week prior, down 107,000 people week over week.<\/u><\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"410\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1-Initial-Jobless-Claims-12-6-2021.png\" alt=\"\" class=\"wp-image-5031\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1-Initial-Jobless-Claims-12-6-2021.png 794w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1-Initial-Jobless-Claims-12-6-2021-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1-Initial-Jobless-Claims-12-6-2021-768x397.png 768w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: U.S. Employment and Training Administration \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"457\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1B-Cont-Jobless-Claims-11-29-2021.png\" alt=\"\" class=\"wp-image-5048\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1B-Cont-Jobless-Claims-11-29-2021.png 794w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1B-Cont-Jobless-Claims-11-29-2021-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/1B-Cont-Jobless-Claims-11-29-2021-768x442.png 768w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"> <strong><em>Source Data: U.S. Employment and Training Administration \u2013 PFL Analytics<\/em><\/strong> <\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><u>Stocks closed lower on Friday of last week and lower week over week<\/u><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The DOW closed lower on Friday of last week, down -59.71 points<\/u><\/strong> (-0.17%), closing out the week at 34,580.08 points, down -319.16&nbsp; points week over week. <strong><u>The S&amp;P 500 closed lower on Friday of last week, down -38.67&nbsp; points <\/u><\/strong>(-0.84%) and closed out the week at 4,538.43, down -56.19 points week over week. <strong><u>The Nasdaq closed lower on Friday of last week, down -295.85&nbsp; points <\/u><\/strong>(-1.92%) and closed out the week at 15,085.47, down -406.19 points week over week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In overnight trading, DOW futures traded higher and are expected to open at&nbsp; 34,674 this morning up 108 points.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><a><\/a><strong><u>Oil posts sixth straight weekly loss as COVID concerns intensify<\/u><\/strong><strong><u><\/u><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Despite the pull back in oil prices, Goldman is still very bullish on oil.&nbsp;&nbsp; <\/u><\/strong>Goldman sees upside oil price risk despite OPEC+\u2019s decision to increase production in January by 400,000 barrels per day. Oil prices are primed for gains as Thursday\u2019s decision by OPEC+ to proceed with planned production increases won\u2019t derail an ongoing structural bull market, according to analysts at Goldman Sachs Group Inc.<strong><u> The investment bank sees \u201cvery clear upside risks\u201d in its forecast for Brent oil to average $85 a barrel in 2023.<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>West Texas Intermediate (WTI) crude closed up 93 cents on Friday of Last week, or 1.42% to settle at 66.26, <\/u><\/strong>down -$1.89 per barrel week over week, while Brent futures closed up 80 cents, or up 1.16% to settle at $70.14 per barrel, down -$2.58&nbsp; per barrel week over week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 900,000 barrels<\/u><\/strong> week over week. At 433.1 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"397\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/2-weekly-us-total-crude-stocks-12-6-2021.png\" alt=\"\" class=\"wp-image-5032\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/2-weekly-us-total-crude-stocks-12-6-2021.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/2-weekly-us-total-crude-stocks-12-6-2021-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/2-weekly-us-total-crude-stocks-12-6-2021-768x333.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total motor gasoline inventories increased by 4.0 million barrels<\/u><\/strong> week over week and are 5% below the five-year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"398\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-12-6-2021.png\" alt=\"\" class=\"wp-image-5033\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-12-6-2021.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-12-6-2021-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-12-6-2021-768x334.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Distillate fuel inventories increased by 2.2 million barrels week over week<\/u><\/strong> and are 9% below the five-year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"397\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/4-Ending-Stocks-of-Distillate-Fuel-Oil-12-6-21.png\" alt=\"\" class=\"wp-image-5034\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/4-Ending-Stocks-of-Distillate-Fuel-Oil-12-6-21.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/4-Ending-Stocks-of-Distillate-Fuel-Oil-12-6-21-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/4-Ending-Stocks-of-Distillate-Fuel-Oil-12-6-21-768x333.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Propane\/propylene inventories decreased by 1.0 million barrels<\/u><\/strong> week over week and are 14% below the five year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"397\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/5-propane-and-propylene-excluding-terminal-12-6-21.png\" alt=\"\" class=\"wp-image-5035\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/5-propane-and-propylene-excluding-terminal-12-6-21.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/5-propane-and-propylene-excluding-terminal-12-6-21-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/5-propane-and-propylene-excluding-terminal-12-6-21-768x333.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>P<strong><u>ropane prices continue to decrease and closed here at home at $1.12 per gallon, down 4 cents per gallon week over week.<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"397\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/6-Propane-Mont-Belvieu-Pricing-12-6-2021.png\" alt=\"\" class=\"wp-image-5036\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/6-Propane-Mont-Belvieu-Pricing-12-6-2021.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/6-Propane-Mont-Belvieu-Pricing-12-6-2021-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/6-Propane-Mont-Belvieu-Pricing-12-6-2021-768x333.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Overall, total commercial petroleum inventories increased by 4.3 million barrels week over week.<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil imports averaged 6.6 million barrels per day during the week ending November 26th, up by 168,000 barrels per day<\/u><\/strong> week over week. Over the past four weeks, <strong><u>crude oil imports averaged 6.3 million barrels per day<\/u><\/strong>, 18.5% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) for the week ending November 26th averaged 643,000 barrels per day, and distillate fuel imports averaged 234,000 barrels per day.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"398\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/7-US-Imports-of-Crude-Oil-12-6-2021.png\" alt=\"\" class=\"wp-image-5037\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/7-US-Imports-of-Crude-Oil-12-6-2021.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/7-US-Imports-of-Crude-Oil-12-6-2021-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/7-US-Imports-of-Crude-Oil-12-6-2021-768x334.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending November 19, 2021 which was 243,000 barrels per day more than the previous week\u2019s average. <\/u><\/strong>Refineries operated at 88.6% of their operable capacity for the week ending November 19th<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"396\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/8-US-Refiner-Net-Input-of-Crude-12-6-2021.png\" alt=\"\" class=\"wp-image-5038\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/8-US-Refiner-Net-Input-of-Crude-12-6-2021.png 916w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/8-US-Refiner-Net-Input-of-Crude-12-6-2021-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/8-US-Refiner-Net-Input-of-Crude-12-6-2021-768x332.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: EIA \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u><strong><u><strong><u><strong><u><strong><u>As of the writing of this report, WTI is poised to open at $67.82 , up&nbsp; $1.56 per barrel from Friday\u2019s close.<\/u><\/strong><\/u><\/strong><\/u><\/strong><\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><u>North American Rail Traffic<\/u><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total North American rail volumes were down 10.5% year over year&nbsp; in week 47 <\/u><\/strong>(U.S. -4.8%, Canada -28.2%, Mexico -5.4%) resulting in quarter to date volumes that are down 5.2% and year to date volumes that are up 5.5% year over year (U.S. +6.7%, Canada +2.1%, Mexico +3.6%). 8 of the AAR&#8217;s 11 major traffic categories posted year over year decreases with the largest decline coming from intermodal (-16.1%). The largest increase came from nonmetallic minerals (+4.0%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the East, <strong><u>CSX\u2019s total volumes were down 5.4%, <\/u><\/strong>with the largest decreases coming from intermodal (-5.2%), coal (-14.1%) and motor vehicles &amp; parts (-21.2%).<strong><u> NS\u2019s total volumes were down 5.3%, <\/u><\/strong>with the largest decrease coming from intermodal (-7.5%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the West,<strong><u> BN\u2019s total volumes were down 2.6%, <\/u><\/strong>with the largest decrease coming from intermodal (-9.5%). The largest increase came from coal (+12.4%).<strong><u> UP\u2019s total volumes were down 4.9%, <\/u><\/strong>with the largest decrease coming from intermodal (-12.6%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Canada,<strong><u> CN\u2019s total volumes were down 23.2%, <\/u><\/strong>with the largest decrease coming from intermodal (-35.9%). RTMs were down 23.7%.<strong><u> CP\u2019s total volumes were down 29.8%, <\/u><\/strong>with the largest decreases coming from intermodal (-43.3%) and grain (-40.1%). RTMs were down 30.9%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>KSU\u2019s total volumes were down 1.8%, <\/u><\/strong>with the largest decrease coming from petroleum (-35.0%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Source: Stephens<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><u>Rig Count<\/u><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>North American rig count is up by 9 rigs week over week.&nbsp; The U.S. rig count was flat week over week<\/u><\/strong> but up by 246 rigs year over year. The U.S. currently has 569 active rigs. <strong><u>Canada\u2019s rig count was up by 9 rigs week over week <\/u><\/strong>and up by 78 rigs year over year and Canada\u2019s overall rig count is 180 active rigs.&nbsp; Overall, <strong><u>year over year, we are up 324 rigs collectively.<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>International rig count that comes out monthly was just released and is up by 17 rigs month over month and up 148 rigs year over year. Internationally there are 817 active rigs.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong>North American Rig Count Summary<\/strong><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"710\" height=\"105\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-12-6-21.png\" alt=\"\" class=\"wp-image-5040\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-12-6-21.png 710w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-12-6-21-300x44.png 300w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"373\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-Chart-12-6-21.png\" alt=\"\" class=\"wp-image-5041\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-Chart-12-6-21.png 794w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-Chart-12-6-21-300x141.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/9-Rig-Count-Summary-Chart-12-6-21-768x361.png 768w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: Baker-Hughes &#8211; PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong>A few things we are keeping an eye on:<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>Petroleum Carloads<\/u><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The four-week rolling average of petroleum carloads carried on the six largest North American railroads declined to 24,022 from 24,038, a loss of 18 rail cars week over week. <\/u><\/strong>Canadian volumes were mostly mixed: CP volumes were up by 12% and CN volumes were flat week over week.&nbsp; U.S. volumes were mostly lower with the UP having the largest percentage increase (up by 7.3%) and the NS having the largest percentage decrease (down by 8.6%).<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><u>RINS and the Renewable Fuels Standards RVO<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The U.S. Administration plans to propose in just days the amount of biofuels oil refiners must blend into their fuel mix this year and next year, as it reaches out to lawmakers to discuss the move.&nbsp; <\/u><\/strong>President Joe Biden&#8217;s administration has delayed decisions on 2021 blending obligations by more than a year, and it missed a deadline to finalize 2022 obligations last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The EPA has told at least two U.S. Democratic Senate offices to expect retroactively lower volumes for 2020 and 2021 and a restoration of volumes in 2022.&nbsp; <\/u><\/strong>All market participants have urged the EPA to announce the proposals, saying delays have created uncertainty for the market.&nbsp; <strong><u>After the news on Thursday of last week, prices tumbled week over week.&nbsp; <\/u><\/strong>D6 RINS closed out Friday and the week at 91 and \u00bd cents per RIN flat day over day, but down 8 and \u00bd cents per RIN week over week.&nbsp; Meanwhile, D4 RINS closed at $1.37 and \u00bd cents per RIN, down 2 and \u00bd cents per RIN day over and down 7 and \u00bd cents per RIN week over week.&nbsp; <strong><u>The effects of a lower RVO could mean less ethanol and biodiesel on the rails in the days to come <\/u><\/strong>(see below).<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">RIN Prices<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"452\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021-1024x452.png\" alt=\"\" class=\"wp-image-5049\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021-1024x452.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021-768x339.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021-1536x678.png 1536w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/rin-12-6-2021.png 1576w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source: PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><u>Alberta Crude<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Well, we have rising inventories once again in Alberta<\/u><\/strong>.&nbsp; Crude inventory levels in Alberta climbed to a record high in October according to the Alberta Energy Regulator as inventories swelled to over 80 million barrels despite Enbridge\u2019s expansion of line 3 that added 340,000 barrels of crude per day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the Trans Mountain pipeline down and backing up crude into the province due to the disaster in British Columbia, Canada we will have to see how WCS\u2019 basis holds up.&nbsp; We are certainly keeping a close eye on the situation.&nbsp; <strong><u>Going home on Friday we closed out the week with WCS at US -$18.75 per barrel against WTI with an implied value of US$ 47.53 per barrel.<\/u><\/strong>&nbsp; As far as crude by rail out of Canada, after 5 months of month over month gains we had a slight decrease month over month ending in September 2021 (see below)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"808\" height=\"480\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/cbr-12-6-2021.png\" alt=\"\" class=\"wp-image-5057\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/cbr-12-6-2021.png 808w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/cbr-12-6-2021-300x178.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/cbr-12-6-2021-768x456.png 768w\" sizes=\"auto, (max-width: 808px) 100vw, 808px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: Alberta Energy Regulator &#8211; PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>The Surface Transportation Board Adopts New Rule for Emergencies<\/u><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The Surface Transportation Board (STB) has adopted a final rule establishing a new \u201cemergency temporary trackage rights class exemption\u201d<\/u><\/strong> that could be invoked during natural disasters, accidents or derailments; the rule is effective Dec. 30, 2021.&nbsp; <strong><u>STB on Tuesday of last week reported that the final rule \u201celiminates the 30-day notice period in certain circumstances, speeding up the process for authorizing trackage rights in response to an unforeseen track outage, and providing benefits to shippers, carriers and the public.\u201d<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Association of American Railroads (AAR) on Oct. 9, 2020, petitioned the STB to institute a new class exemption for emergency temporary trackage rights \u201cfor specific limited situations that would allow emergency temporary trackage rights to take effect within five days of filing without requiring a waiver of the 30-day notice requirement,\u201d according to STB.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>Some Key Economic Indicators<\/u><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Gross Domestic Product (\u201cGDP\u201d)<\/u><\/strong> &#8211; The second estimate from the Bureau of Economic Analysis (BEA) released November 24 found that U.S. GDP rose an annualized 2.1% in Q3 2021, a slight increase from the first estimate of 2.0%, but still the slowest the economy has grown since Q3 2020.&nbsp; Adjusted for inflation, the U.S. economy in Q3 2021 was 1.4% larger than its pre-pandemic peak in Q4 2019 and 12.8% larger than it was in Q2 2020, when the economic impact of the pandemic was at its worst.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"431\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/GPD-12-6-2021.png\" alt=\"\" class=\"wp-image-5051\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/GPD-12-6-2021.png 839w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/GPD-12-6-2021-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/GPD-12-6-2021-768x395.png 768w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: Bureau of Economic Analysis \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Consumer Confidence<\/u><\/strong> &#8211; The Conference Board\u2019s index of consumer confidence fell to 109.5 in November from 111.6 in October.&nbsp; Meanwhile, the University of Michigan\u2019s confidence index fell from 71.7 in October to 67.4 in November, the lowest it\u2019s been since November 2011.&nbsp; Expect consumer confidence to erode further with new pandemic scares, the border situation, travel bans, and inflation.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"844\" height=\"387\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/consumer-confidence-12-6-2021.png\" alt=\"\" class=\"wp-image-5052\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/consumer-confidence-12-6-2021.png 844w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/consumer-confidence-12-6-2021-300x138.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/consumer-confidence-12-6-2021-768x352.png 768w\" sizes=\"auto, (max-width: 844px) 100vw, 844px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: Conference Board \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Industrial Output and Capacity Utilization<\/u><\/strong> &#8211; Total U.S. industrial output rose a preliminary 1.6% in October 2021 from September 2021, reversing a 1.3% decline in September from August, according to Federal Reserve data. If it holds after revisions, October\u2019s gain will be the largest month over month gain in seven months. The Federal Reserve said half of October\u2019s gain reflected recovery from the effects of Hurricane Ida. Manufacturing output rose a preliminary 1.2% in October after declines of 0.7% in September and 0.3% in August. Manufacturing output in October was the highest since March 2019.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"810\" height=\"425\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/industrial-output-12-6-2021.png\" alt=\"\" class=\"wp-image-5053\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/industrial-output-12-6-2021.png 810w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/industrial-output-12-6-2021-300x157.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/industrial-output-12-6-2021-768x403.png 768w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: Federal Reserve \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Purchasing Managers Index (\u201cPMI\u201d)<\/u> &#8211; <\/strong>The PMI (which covers manufacturing) and the Services PMI (covering services) are from the Institute for Supply Management. They are based on surveys of supply managers around the country. The surveys track the direction of changes in business activity. A reading above 50% indicates expansion; below 50% means contraction. The more above or below 50, the faster the pace of change.&nbsp; The PMI rose from 60.8% in October to 61.1% in November, matching the highest it\u2019s been in six months. The new orders component of the PMI rose to 61.5% in November from 59.8% in October. Out of the 18 manufacturing industries covered in the PMI, 13 reported expansion in November.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"473\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/pmi-12-6-2021.png\" alt=\"\" class=\"wp-image-5054\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/pmi-12-6-2021.png 848w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/pmi-12-6-2021-300x167.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/pmi-12-6-2021-768x428.png 768w\" sizes=\"auto, (max-width: 848px) 100vw, 848px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: PMI \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Consumer Spending <\/u><\/strong>&#8211; Unadjusted for inflation, total consumer spending rose a preliminary 1.3% in October 2021 over September 2021, the largest&nbsp; increase in seven months. Meanwhile, total retail sales (which are equivalent to around 25% of total consumer spending) rose a preliminary 1.7% in October, also the most in seven months.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/12-5-2021-1-1024x595.png\" alt=\"\" class=\"wp-image-5055\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/12-5-2021-1-1024x595.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/12-5-2021-1-300x174.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/12-5-2021-1-768x446.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/12\/12-5-2021-1.png 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Source Data: U.S. Bureau of Economic Analysis&nbsp; \u2013 PFL Analytics<\/em><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><u><span style=\"color:#086aa3\" class=\"has-inline-color\">We have been extremely busy at PFL with return on lease programs involving rail car storage instead of returning cars to a shop.&nbsp; A quick turnaround is what we all want and need. &nbsp;&nbsp;Railcar storage in general has been extremely active.&nbsp; Please call PFL now at 239-390-2885 if you are looking for rail car storage, want to trouble shoot a return on lease scenario or have storage availability.&nbsp; Whether you are a car owner, lessor or lessee or even a class 1 that wants to help out a customer we are here to \u201chelp you help your customer!\u201d<\/span><\/u><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center has-vivid-red-color has-text-color wp-block-paragraph\"><strong><u><strong><u>Leasing and Subleasing has been brisk as economic activity picks up. Inquiries have continued to be brisk and strong Call PFL Today for all your rail car needs 239-390-2885<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>PFL is seeking: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>20-30, 19K Tank Cars for Caustic Soda needed in Texas off the UP or BN.<\/strong><\/li>\n\n\n\n<li><strong>Unit Train of 28.3K 117Js for the use in Crude service off the CN or BN in MT, ND, or Alberta.<\/strong><\/li>\n\n\n\n<li><strong>100-150 340 pressure cars for LPG service in Texas<\/strong><\/li>\n\n\n\n<li><strong>70-90 Biodiesel cars C&amp;I any type car in the midwest or TX 1-2 years<\/strong><\/li>\n\n\n\n<li><strong>15-25, 20K 23.5K cars for chem needed in the South for 1 Year.<\/strong><\/li>\n\n\n\n<li><strong>50 117R 30K+ for gasoline in the midwest CSX or NS for 6 months negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 Moulton Sulfur cars for purchase \u2013 any location &#8211; negotiable<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>10 DOT111 or 1232 25.5K 286 GRL for Crude Glycerin anywhere in US 1 year lease<\/strong><\/li>\n\n\n\n<li><strong>12 Plate F 286 GRL Boxcars 12\u2019 plug doors midwest preferred for 1 year lease<\/strong><\/li>\n\n\n\n<li><strong>30-50 Log Flats with stanchions 286K GRL in the midwest\/east CSX NS 1-3 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>50 Ag Gons 2500-2800cuft 286k GRL in the east CSX for 5 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>25 Covered wood chip Gons 6000CF 286 GRL any location for 1-3 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>25 Boxcars for paper 6000CF 286 GRL 1-3 years anywhere<\/strong><\/li>\n\n\n\n<li><strong>10-20 propane cars needed for a short term lease in ND off the CP.<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>100 15K Tanks 286 for Molten Sulfur in the Northeast CSX\/NS for 6 months negotiable<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>200 117Js 28.3 C&amp;I 286 in the North on the CN for 1 year Crude dirty to dirty Negotiable<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>20 5650 PD Hoppers 286s needed in Montana for talc BNSF for 3-5 years<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>100 Open Top Hoppers needed in the Midwest for coal BNSF 1 year<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>100, 5800 Covered Hoppers 286 can be West or East for Plastic 3-5 years<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>50-100, 4750 Covered Hoppers needed for Pet-coke. Can take in the South.<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>70, 117R or J needed for Ethanol for 3 years.&nbsp; Can take in the South.<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>30, 25.5\u2019s or greater food grade Kosher veg oil cars for 6-12 months<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>50, 6500+ cu-ft Mill Gon or Open Top Hopper for wood chips in the Southeast for 5 Years.<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>25 bulkhead flats 286 any class one for up to 5 years Negotiable<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>10 open top hoppers 2400 C FT in Texas needed for stone on the UP 3-5 years<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>20, 19,000 Gal Stainless cars in Louisiana UP for nitric acid 1-3 years \u2013 Oct negotiable<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>10, 6,300CF or greater covered hoppers are needed in the Midwest.<\/strong><strong><\/strong><\/li>\n\n\n\n<li><strong>2, 89\u2019 Flat cars for purchase or lease \u2013 needed in TX off the BNSF<\/strong><strong><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>PFL is offering: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Various tank cars for lease with dirty to dirty service including, nitric acid, gasoline, diesel, crude oil, Lease terms negotiable, clean service also available in various tanks and locations including Rs 111s, and Js \u2013 Selection is Dwindling. Call Today!<\/strong><\/li>\n\n\n\n<li><strong>200 Clean C\/I 25.5K 117J in Texas. Brand New Cars!<\/strong><\/li>\n\n\n\n<li><strong>34 Clean C\/I 25.5K CPC 1232\u2019s located in PA.<\/strong><\/li>\n\n\n\n<li><strong>200 117Js 29K OK and TX Clean and brand new \u2013 Lined- lease negotiable<\/strong><\/li>\n\n\n\n<li><strong>142 111\u2019s Clean last in gasoline in Texas for lease off the UP \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 117Rs dirty last in Gasoline in Texas for lease Negotiable<\/strong><\/li>\n\n\n\n<li><strong>90 117Rs 30K located in Alberta CN or CP Refined Products Dirty \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>37 BRAND NEW 5161 Sugar Hoppers in Arkansas UP \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>99 340W Pressure Cars various locations Butane and Propane dirty negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 73 ft 286 GRL riser less deck, center part for sale,<\/strong><\/li>\n\n\n\n<li><strong>19 auto-max II automobile carrier racks \u2013 tri-49 for sale \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>10 food grade stainless steel cars<\/strong><\/li>\n\n\n\n<li><strong>20 20K Stainless cars in 3 locations in the south \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>30 CPC 1232 25.5K C\/I Pennsylvania NS clean negotiable<\/strong><\/li>\n\n\n\n<li><strong>100-150 29K C\/I 117J cars for lease. Dirty in Bakken crude and can be returned dirty.<\/strong><\/li>\n\n\n\n<li><strong>100 29K C\/I 1232 cars for lease. Dirty in Heavy Crude and can be returned dirty.<\/strong><\/li>\n\n\n\n<li><strong>100 117Rs 29K clean last used in crude Washington State \u2013 price negotiable sale or lease<\/strong><\/li>\n\n\n\n<li><strong>21 111s 29K tanks last in alcohol dirty on the CN in Wisconsin for lease price negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 111s of various volumes and locations last in fuel oil dirty price negotiable<\/strong><\/li>\n\n\n\n<li><strong>Various Hoppers for sale and lease 3000-5800 CF 263 and 286 multiple locations negotiable<\/strong><\/li>\n\n\n\n<li><strong>&nbsp;45 Boxcars 60ft Plate F\u2019s Located in Tenn CSX \u2013 Lease Negotiable<\/strong><\/li>\n\n\n\n<li><strong>&nbsp;28 20K Veg oil cars for lease in Arkansas \u2013 Negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 3200 Covered Hoppers for sale price negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 Center beam Flats with risers 73ft in SD and Iowa for sale negotiable<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Call PFL today to discuss your needs and our availability and market reach. Whether you are looking to lease cars, lease out cars, buy cars or sell cars call PFL today 239-390-2885<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><strong>PFL offers turn-key solutions to maximize your profitability. <\/strong>Our goal is to provide a win\/win scenario for all and we can handle virtually all of your railcar needs. Whether it\u2019s <strong><u>loaded storage, empty storage, subleasing or leasing excess cars, filling orders for cars wanted, <a href=\"https:\/\/youtu.be\/tcf2z1riziI\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar cleaning<\/a>, blasting, <a href=\"https:\/\/pflpetroleum.com\/railcarmaintenanceandrepair.html\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar repair<\/a>, or <a href=\"https:\/\/pflpetroleum.com\/railcarscrapping.html\" target=\"_blank\" rel=\"noreferrer noopener\">scraping<\/a> at strategic partner sites, <\/u><\/strong>PFL will do its best to assist you. 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He served as the Principal &amp; Director of Blackstone Energy Services Inc. &amp; played a crucial role as the Managing Director of Collingwood Ethanol L.P. He also worked as a Partner at Intercontinental Energy Brokers Inc., specializing in derivatives. Curtis's also served as the Director of Marketing &amp; Supply at Novagas Clearinghouse Ltd., a subsidiary of Dynegy Canada Inc. Additionally, he held the position of VP at Great West Energy Ltd., a subsidiary of Bow Valley Energy Inc., where he played an instrumental role in establishing the company. Curtis also co-founded of Great West Energy with his father in 1988. During the rapid growth of Great West Energy, Curtis oversaw information systems, managed supply purchasing &amp; sales, &amp; played a pivotal role in new market development. Curtis also worked as a market maker at Novagas, responsible for pricing decisions across all regions of Canada. In 1994, he co-founded Chandler Energy Inc. (CEI) &amp; Chandler Energy Resources Inc. These companies quickly became prominent players in the Canadian natural gas market, moving substantial volumes of gas to customers in North America. Chandler Energy Resources collaborated with Dominion Energy &amp; Sabine to develop an underground natural gas storage facility near Edmonton, Alberta. Following these successes, Curtis established Intercontinental Energy Brokers in 1997, which emerged as a leading gas &amp; power broker in Europe before being sold to ICAP in 2003. Curtis Chandler's notable achievements and diverse experiences position him as a respected figure in the energy and rail industries.","url":"https:\/\/pflpetroleum.com\/reports\/author\/curtis\/"}]}},"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/georgetown-loop-150x150.jpg",150,150,true],"full":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/georgetown-loop.jpg",1920,1280,false]},"categories_names":{"17":{"name":"Railcar Report","link":"https:\/\/pflpetroleum.com\/reports\/category\/railcar-report\/"}},"tags_names":[],"comments_number":"0","_links":{"self":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/5030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/comments?post=5030"}],"version-history":[{"count":15,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/5030\/revisions"}],"predecessor-version":[{"id":11652,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/5030\/revisions\/11652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media\/4165"}],"wp:attachment":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media?parent=5030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=5030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=5030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}