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Drilling Deep: a big corporate writeoff in hydrocarbons; used trucks after Celadon

· Wednesday, December 18, 2019

A recent big corporate writedown in the oil and gas sector was a big deal. But in this week’s Drilling Deep podcast, host John Kingston discusses that maybe it isn’t quite as big a deal as some people were making it out to be. And then we’ll shift gears and talk about one aspect of the Celadon bankruptcy that could ripple across a significant part of the sector: the used truck market. Chris Visser is an expert in that area and he will join us to offer his perspectives on how used truck markets might react when thousands of vehicles are suddenly made available from one seller.

John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.