04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
The much heralded “Roaring Twenties” are in full swing. Markets generally have been on a tear, and are projected to remain on this trajectory, to the extent that some economists are convinced we need to leverage monetary policy to cool the engine of growth. The pandemic created economic conditions that are extremely unusual, setting equity markets up for their steep rebound. There is hope that hemp prices will benefit from the rising tide of economic growth.
Hard charging equity markets are accompanied by a rapid rise in commodity pricing in key sectors like metals and agriculture. Commodities are often seen as a hedge against inflation, but there is far more to this story than traders diversifying. Government stimulus spending around the world is pressuring supplies as countries like China recover more rapidly than expected.
Add to this the massive investment into renewables, pressuring global supplies of…