Merry Christmas and Happy New Year!

Like most things, it has taken me a while to catch on. (except the bold 12-5 Patriots prediction) But I think I may have finally understood what the new obsession with Venezuela is about.  It may be a bargaining chip to force Russia into a peace deal with Ukraine.  The US has openly gone after countries that are purchasing Russian goods, such as India, in an attempt to curb cash flow.  Venezuela is a main purchaser of Russian Naphtha, which they blend with their heavy crude to make it sellable to world markets.  Already one naphtha tanker has diverted carrying over 7 million tons of valuable product.  It wont take long before Venezuela has to stop drilling and Russia once again has to scramble to sell goods.  Your also going to start hearing more on “rare earth minerals” we talked about a while back.  All in, I don’t think this will have much impact on fuel futures.  The reality is that there is plenty of product and demand keeps sliding.  We now sit right back to where we were in mid-October, presently support levels are holding, it will be interesting to see if we continue lower.  Looking at the highly sought after DKB Calendar, with the next two weeks split with Christmas and New Year’s, I want to say Thank You.  Thank You for your business, friendships, and the opportunity to be a part of your operations, no matter the size.  From All of us at DKB, Have a Merry Christmas and Happy, Safe, New Year!