Oil Slick Stuff

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Viva La Migra said:
Just out of curiosity, do you have any numbers for biodiesel blends and pure biodiesel?
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Here's something on Biodiesel I'll search for the blended.
Biodiesel Performance, Costs, and Useby Anthony Radich​
Introduction
The idea of using vegetable oil for fuel has been around as long as the diesel engine. Rudolph Diesel, the inventor of the engine that bears his name, experimented with fuels ranging from powdered coal to peanut oil. In the early 20th century, however, diesel engines were adapted to burn petroleum distillate, which was cheap and plentiful. In the late 20th century, however, the cost of petroleum distillate rose, and by the late 1970s there was renewed interest in biodiesel. Commercial production of biodiesel in the United States began in the 1990s.
The most common sources of oil for biodiesel production in the United States are soybean oil and yellow grease (primarily, recycled cooking oil from restaurants). Blends of biodiesel and petroleum diesel are designated with the letter “B,” followed by the volumetric percentage of biodiesel in the blend: B20, the blend most often evaluated, contains 20 percent biodiesel and 80 percent petroleum diesel; B100 is pure biodiesel. By several important measures biodiesel blends perform better than petroleum diesel, but its relatively high production costs and the limited availability of some of the raw materials used in its production continue to limit its commercial application.
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http://www.eia.gov/oiaf/analysispaper/biodiesel/
 
Obama Administration Moves Forward with 'Lease Sale 193' in Chukchi
WASHINGTON (Dow Jones Newswires), Oct. 4, 2011
by Tennille Tracy
Dow Jones Newswires
Tuesday, October 04, 2011

The Obama administration announced Monday it was moving forward with oil-drilling leases issued off the coast of Alaska by the previous administration, marking an important development in the battle over Arctic Ocean drilling.
The Interior Department said it was going to uphold nearly 500 leases issued in the Chukchi Sea after several environmental groups challenged the sale of the leases in court. The George W. Bush administration conducted the sale in 2008, collecting bids worth about $2.7 billion.
Among the companies securing leases in "Lease Sale 193" was Shell, the energy giant at the center of a high-profile fight to secure permits to drill in the Arctic.
http://www.rigzone.com/news/article.asp?a_id=111458&hmpn=1
 
The cost of Drilling just went up in Pennsylvania.:cool:
Gov. Corbett to Impose Drilling Fee in Marcellus Play
Pennsylvania Governor's Office
|
Monday, October 03, 2011

"Estimates show that this impact fee will bring in about $120 million in the first year, climbing to nearly $200 million within six years," Corbett said. "As the number of wells grows, so will the revenue. Almost all of the money it brings in will go to benefit the places experiencing the impact."
Each well will be subject to a fee of up to $40,000 in the first year, $30,000 in the second year, $20,000 in the third year and $10,000 in the fourth through tenth years, adding up to a potential total of $160,000 per well.
Under this proposal, a county may provide for a fee credit of up to 30 percent if the driller makes approved investments in natural gas infrastructure, which include setting up natural gas fueling stations or natural gas public transit vehicles.
The impact fee revenues will be split with 75 percent being retained at the local level, with 36 percent of that number retained by the county, 37 percent distributed to municipalities that host the drilling pads and 27 percent distributed to all the municipalities within a Marcellus drilling impacted county. The distribution formula will be based on population and highway miles.
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http://www.rigzone.com/news/article.asp?a_id=111441&hmpn=1​
 
Oct. 5, 2011, 9:05 a.m. EDT
U.S. dollar edges up after ADP, European data

Traders eye sovereign-debt crisis, economic data from Europe

By Deborah Levine and William L. Watts, MarketWatch
NEW YORK (MarketWatch) — The U.S. dollar rose for a sixth session on Wednesday, as decent U.S. data and weak European economic reports sapped a rebound triggered the previous day by signs European leaders were set to take action to backstop euro-zone banks.
The euro slipped to $1.3313 from $1.3337 in North American trade late Tuesday.
http://www.marketwatch.com/story/us-dollar-edges-up-versus-euro-2011-10-05
 
It was kind of funny. Tuesday night the local news stations talked about gas going down and by Wednesday morning most major gas stations jumped 20 cents. Last night some reports of gas as low as $2.98/gal. On my way home from trivia last night I passed two gas station across from each other, one was $3.29/gal the other was $3.13/gal. Guess which one was crowded?
 
nasa1974 said:
It was kind of funny. Tuesday night the local news stations talked about gas going down and by Wednesday morning most major gas stations jumped 20 cents. Last night some reports of gas as low as $2.98/gal. On my way home from trivia last night I passed two gas station across from each other, one was $3.29/gal the other was $3.13/gal. Guess which one was crowded?
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CROOKS!
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