Oil Slick Stuff

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The production of ethanol from corn uses only the starch of the corn kernel, all of the valuable protein, minerals and nutrients remain.

One bushel of corn produces about 2.7 gallons of ethanol AND 11.4 pounds of gluten feed (20% protein) AND 3 pounds of gluten meal (60% protein) AND 1.6 pounds of corn oil.

It's not an either/or.

Food AND fuel is what is being done today.
 
I'm not going to discuss ethanol here it's already been done in your Corn and Ethanol thread, You know I feel it isn't worth the money and is costing us more and more money every day in the form of subsidies and inflation of food stuffs and transportation costs, PLEASE!:o
 
01/20/2011 - Updated 9:43 AM ET
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Crude oil slumps on China tightening concerns
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures fell early Thursday, after strong growth in China fueled fears Beijing will again move to tighten monetary policy.
China’s fourth-quarter gross domestic product rose a stronger-than-expected 9.8% year over year.
Crude oil for February delivery [CLG11] recently fell 75 cents at $90.11 a barrel. http://markets.usatoday.com/custom/...S&guid={3390E31A-249C-11E0-A9F3-00212804637C}
 
Gas prices high - and might get higher

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Gasoline prices have climbed 14% in the past year. By Steve Hargreaves, senior writerJanuary 21, 2011: 11:54 AM ET




NEW YORK (CNNMoney) -- Strong worldwide oil demand and lack of supply are to blame for steadily rising gasoline prices in the United States, an oil industry group said Friday.
The American Petroleum Institute made no specific price forecast for 2011, but didn't seem to see a drop anytime soon.
http://money.cnn.com/2011/01/21/markets/gasoline_prices_rising/index.htm
 
01/21/2011 - Updated 1:41 PM ET
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Oil falls modestly on low-volume tradingRising equities, corporate profits prevent deeper losses for crude
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By Claudia Assis, MarketWatch & Steve Gelsi, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures declined modestly Friday, shielded from a bigger losses by a weaker dollar and rising equities.
Crude for March delivery [CLH11] , the benchmark contract, retreated 15 cents, or 0.2%, to $89.37 a barrel on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...S&guid={A99B3EEA-2562-11E0-A9F3-00212804637C}
 
01/24/2011 - Updated 10:04 AM ET
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Crude-oil futures dip as traders look to Fed
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures dropped slightly early Monday, as investors looked ahead to key economic data and the Federal Reserve’s monetary-policy meeting later this week.
Crude-oil futures for March delivery [CLH11] fell 35 cents, or 0.4%, to $88.76 a barrel.http://markets.usatoday.com/custom/...S&guid={278960FE-27C3-11E0-A215-00212804637C}
 
01/24/2011 - Updated 12:23 PM ET
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Crude-oil futures dip as traders look to Fed, Expectations of increased production by OPEC also weighs
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures dropped Monday on expectations of increased production by the Organization of the Petroleum Exporting Countries, and as investors looked ahead to key economic data and the Federal Reserve’s monetary-policy meeting later this week.
Crude-oil futures for March delivery [CLH11] fell $1.60, or 1.4%, to $87.70 a barrel. A close around these levels would be the lowest since Dec. 1. http://markets.usatoday.com/custom/...S&guid={278960FE-27C3-11E0-A215-00212804637C}
 
Yeah..OPEC doesn't want the US to start producing their own oil..it would put them out of business.
 
Oil prices fall as Saudis hint at raising supplies

Oil prices drop below $88 after Saudis hint production may rise to keep a lid on prices



On Monday January 24, 2011, 12:48 pm EST
NEW YORK (AP) -- The price of oil fell on Monday after the Saudi oil minister hinted that his country, the world's biggest oil producer, may raise supplies to put the brakes on higher oil prices.
Benchmark crude for March delivery lost $1.36 at $87.75 per barrel in afternoon trading on the New York Mercantile Exchange. The price of oil has fallen more than 3 percent since Thursday, when it was close to $92 a barrel.
Saudi Oil Minister Ali al-Naimi said he expected world oil demand will increase this year to between 1.5 million and 1.8 million barrels per day.
http://finance.yahoo.com/news/Oil-p...04.html?x=0&sec=topStories&pos=7&asset=&ccode=
 
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