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Ethanol: Not dead yet

Ethanol firms that not long ago were the darlings of the industry are now gasping for air. New jacks are poised to take over the reins. The only question is when?

By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: March 10, 2009: 3:24 PM ET

NEW YORK (CNNMoney.com) -- The old kings of ethanol are struggling for survival but a new crop of companies are poised to ascend to the throne and hope to offer a superior product.
http://money.cnn.com/2009/03/09/news/economy/ethanol/index.htm?postversion=2009031015
 
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Are the Oil Companies immune to this LAW?

Hitachi pleads guilty to price-fixing

The electronics manufacturer agrees to pay $31 million in fines and cooperate with the government investigation.

By Terry Frieden, CNN
March 10, 2009: 3:02 PM ET

WASHINGTON (CNN) -- Hitachi became the latest electronics manufacturer to agree to plead guilty to price-fixing in the sale of LCD panels used in desktop monitors and notebook computers, the Justice Department announced Tuesday.
In the plea agreement, which was filed in federal court in San Francisco, Calif., the Japanese manufacturer agreed to pay $31 million in fines and cooperate with the U.S. government's ongoing antitrust investigation.
http://money.cnn.com/2009/03/10/technology/hitachi_plea/index.htm?postversion=2009031015
 
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Oil closes below $46

Government projection renews worries about 2009 demand.

Last Updated: March 10, 2009: 3:13 PM ET

NEW YORK, (Reuters) -- Oil fell below $46 a barrel on Tuesday as the U.S. government revised down its forecast for world oil demand in 2009.

The U.S. Energy Information Administration lowered its world oil demand forecast for 2009 to 84.27 million barrels per day, down 430,000 barrels from its previous projection.
"The EIA report certainly didn't help the market. All it did was renew the concerns about demand," said Tom Bentz, analyst at BNP Paribas Commodity Futures Inc.
http://money.cnn.com/2009/03/10/markets/oil.reut/index.htm?postversion=2009031015
 
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Chu to OPEC: Cutting production will wreck economy

Associated Press - March 11, 2009 1:43 PM ET
WASHINGTON (AP) - Energy Secretary Steven Chu says that if OPEC cuts production to increase oil prices, it could severely hamper global economic recovery.

Chu told reporters after a Senate hearing that he'll speak to OPEC oil ministers before the cartel's meeting Sunday to urge them to keep production at current levels. He said a production cut would "create a huge strain on the ability of the world economy to recover."

http://www.newschannel5.com/global/story.asp?s=9987625&ClientType=Printable
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budnipper1 said:
Chu to OPEC: Cutting production will wreck economy

Associated Press - March 11, 2009 1:43 PM ET
WASHINGTON (AP) - Energy Secretary Steven Chu says that if OPEC cuts production to increase oil prices, it could severely hamper global economic recovery.

Chu told reporters after a Senate hearing that he'll speak to OPEC oil ministers before the cartel's meeting Sunday to urge them to keep production at current levels. He said a production cut would "create a huge strain on the ability of the world economy to recover."

http://www.newschannel5.com/global/story.asp?s=9987625&ClientType=Printable
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Sure it will, they don't call it PRICE FIXING for nothing!!:cool:
 
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Finally!!:nuts:

03/11/2009 - Updated 3:45 PM ET
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Oil falls below $43 as U.S. inventories rise
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By Moming Zhou, MarketWatch & Polya Lesova,

MarketWatch

NEW YORK (MarketWatch) -- Oil futures fell more than 7% Wednesday to below $43 a barrel after data showed an unexpected increase in U.S. crude inventories.
Crude inventories rose by 700,000 million barrels last week, the Energy Information Administration reported, while analysts surveyed by Platts had expected a decline of 1 million barrels.
http://markets.usatoday.com/custom/...S&guid={3BD4F291-2891-47C8-97C0-377F8DB7F728}
 
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We have to keep the price of energy low if we hope to cure this plague that was started by GREED. With the current administration smothering the Oil companies we will never make it, the price will continue to rise as they attempt to QUICKLY replace petroleum products with, with, with WHAT? Slowly is the answer or we will be paying $4 a gallon and twice the taxes we do now. Reminds me of a song, "when will they ever learn".:sick:anger.gif
 
EU imposes duties on biodiesel

In the latest trade spat, the European Union applies anti-dumping and anti-subsidy costs to U.S. biodiesel imports.

March 12, 2009: 6:21 AM ET

BRUSSELS (Reuters) -- The European Union has imposed anti-dumping and anti-subsidy duties on imports of biodiesel from the United States, the latest in a series of trade frictions between the two trading giants.

Starting Friday, U.S. firms exporting biodiesel into the EU will have to pay additional antidumping tariffs of up to 29%, and anti-subsidy duties of between 29% and 41% for an initial six months, the EU said in its Official Journal.
http://money.cnn.com/2009/03/12/new...el_duty.reut/index.htm?postversion=2009031206
 
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03/12/2009 - Updated 9:00 AM ET

Oil futures rise 3%, rebounding after sharp decline
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures rose early Thursday, rebounding after their sharp decline in the previous session, as traders speculated whether the OPEC oil cartel will cut production further at its meeting this weekend.
Crude oil for April delivery gained $1.20, or 2.8%, to $43.53 a barrel in electronic trading on Globex.
"This morning crude prices bounced back amid profit-taking after two days of losses," said Nimit Khamar, an analyst at Sucden Financial Research.
http://markets.usatoday.com/custom/...S&guid={1EDBE601-E1A5-4F4D-84A0-319EF978BE23}
 
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It seems to me that the rumor that a Frog may fart in Guatemala can affect the price of Oil futures. View attachment 6030
Oil rises above $43 on China loan data

Ahead of the OPEC meeting, higher-than-expected Chinese lending spurs investors' hope for economic growth.

March 12, 2009: 10:19 AM ET


oil_refinery_stack_barrels.cr.03.jpg
OPEC meets Sunday and is expected to discuss riding existing output cuts rather than continue reductions.

LONDON (Reuters) -- Oil rose more than $1 above $43 a barrel on Thursday encouraged by strong loan data from China, which investors speculated could feed through into economic growth, and ahead of an OPEC meeting.
Crude prices rose $1.30 cents to $43.53 a barrel.
On Wednesday, they fell more than 7% as a bigger than expected increase in U.S. crude oil inventories and a slump in Chinese oil imports triggered a wave of selling.
http://money.cnn.com/2009/03/12/markets/oil.reut/index.htm?postversion=2009031210
 
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Oil jumps nearly $5

Ahead of the OPEC meeting, U.S. retail sales report hints at a potential spending recovery, lending in China surges.

Last Updated: March 12, 2009: 3:10 PM ET

LONDON (Reuters) -- Oil rose more than 11% to top $47 a barrel Thursday, following better-than-expected U.S. February retail sales data and ahead of a weekend OPEC meeting.
A report showed sales at U.S. retailers eased a smaller than expected 0.1% in February after a surprise gain in the month before, a hint spending could be stabilizing.
http://money.cnn.com/2009/03/12/markets/oil.reut/index.htm?postversion=2009031215
 
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AP
Oil near $48 as investors eye OPEC meeting
Friday March 13, 10:42 am ET
By Pablo Gorondi, Associated Press Writer

Oil rises to near $48 as investors eye possible production cut at OPEC meeting Sunday

Oil prices rose to near $48 a barrel Friday as investors wondered whether OPEC will announce a production cut at its meeting on Sunday, and how big the cut might be.
Keeping prices in check were reports from the International Energy Agency and OPEC, each lowering their estimates for global oil demand in 2009.

http://biz.yahoo.com/ap/090313/oil_prices.html
 
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nnuut said:
AP
Oil near $48 as investors eye OPEC meeting
Friday March 13, 10:42 am ET
By Pablo Gorondi, Associated Press Writer

Oil rises to near $48 as investors eye possible production cut at OPEC meeting Sunday

Oil prices rose to near $48 a barrel Friday as investors wondered whether OPEC will announce a production cut at its meeting on Sunday, and how big the cut might be.
Keeping prices in check were reports from the International Energy Agency and OPEC, each lowering their estimates for global oil demand in 2009.
http://biz.yahoo.com/ap/090313/oil_prices.html
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:confused::confused:..Looks to me Oil is DOWN .62 from yesterday to $46.41...Seems something is out of sync here:confused::confused:

Let's just wait till the end of the trading day to see where it settles..this hour by hour STUFF is useless and proves nothing until the bell rings.
 
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Colorado House OKs Tougher Drilling Rules
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by Dean Toda The Gazette, Colorado Springs, Colo. Friday, March 13, 2009

The state House voted Thursday to increase gas and oil companies' obligation to respect the environment and the concerns of property owners when they drill in Colorado.

After one more, pro-forma vote, a bill enacting new rules drafted by the state Oil and Gas Conservation Commission will go to the Senate, which is expected to approve it. The new rules are scheduled to go into effect on April 1.

Related Pictures
Colorado, United States
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Democrats who control the House swatted down Republican attempts to defeat, delay or diminish the bill, arguing that the health and safety of Coloradans who live in energy-producing areas should not be compromised.

Rep. Cory Gardner, R-Yuma, hammered on the assertion that the new rules would cost jobs in the state's gas and oil fields. He said 12,000 jobs have been lost already in oil and gas.

http://www.rigzone.com/news/article.asp?a_id=73987
 
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Inventory Stocks of oil way up, demand way down.

This week in Petroleum:
http://tonto.eia.doe.gov/oog/info/twip/twip.asp


Changing Expectations
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A lot has changed over the last several months, here in Washington with the new Administration, and across the U.S. and the rest of the world as economic conditions continue to deteriorate. It has been the latter change that has impacted EIA’s short-term global oil market forecast. In the latest Short-Term Energy Outlook (STEO), just released yesterday, EIA is projecting 2009 global oil demand to be 3 million barrels per day lower than we projected as recently as six months ago, in our September 2008 STEO. Why have we changed our view of 2009 so dramatically in such a short time?

 
OPEC keeps output steady to help heal sick economy Yeah I BETYA!!:laugh:

At Sunday meeting, ministers from oil producing countries agree not to cut output targets -- but plan to enforce curbs more strictly.

Last Updated: March 15, 2009: 5:10 PM ET

VIENNA (Reuters) -- OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May to review progress.
The decision to resist additional cuts for now reflected concern for the economy and a belief supply curbs so far have begun to remove the excess from oil markets, the Organization of the Petroleum Exporting Countries said in a communique after its nearly five-hour conference.
 
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OPEC could take action if oil low in May: Badri

Mon Mar 16, 2009 6:41am EDT

LONDON (Reuters) - OPEC oil producers may be forced to take a drastic decision when they meet again in May if the price of oil is still very low, OPEC Secretary-General Abdullah al-Badri said on Monday.

Badri told Reuters Television oil prices were too low at between $40 and $50 per barrel to allow vital investment and OPEC members really needed prices well above the $50 level.

"We really cannot go too long" with prices at these levels, he said.

The Organization of the Petroleum Exporting Countries decided at a meeting in Vienna on Sunday to leave existing oil production targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May to review progress.
(Reporting by Christopher Johnson; editing by James Jukwey)
 
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