
California’s Gasoline Supply Crisis Is a Wake-Up Call
The state already had a major gasoline supply problem that the Iran war has only exacerbated.

Executive Exchange: Bruce Comer on Renewable Fuels and Capital Discipline
“The North American biofuels industry is moving into another phase, and capital is becoming more selective. The assets that look most durable are those that can compete economically while also capturing policy value, especially through lower carbon intensity.”

Beware of the “Adjustment Mechanism”
In transport energy, targets still matter. But the real strategic question is how those targets get adjusted when they meet physical and commercial reality.
