07-03-2006

Oil Price vs Ethanol stocks

When I compared the price for NYMEX crude oil and the stock price for two ethanol producing companies I noticed that when the oil price increased or stod still the ethanol stocks did the same. When the oil price stod still or decreased the ethanol stocks decreased.

The ethanol stocks reacted much more then the change in the oil price and that can be because the stock market have to consider much more variables then just the price for fuel (in this case the oil)…. I’m sure you will be able to find similar relationships between other types of fuel and the oil price.

Ethanol stocks vs the oil price. (C) AndreasBylund.com

The blue line above is Xethanol Corporation (AMEX:XNL), the green line is Pacific Ethanol Inc (NASDAQ:PEIX) and the red line is the price for NYMEX Light Sweet Crude Oil. Data from Energy Information Administration, Nasdaq and American Stock Exchange.

Too bad I didn’t knew this at the beginning of the year since both Xethanol and Pacific Ethanol have gone up over 100% this year only!

Posted by bylla in Energy, English, Ethanol, Oil, Stock Market | RSS 2.0

One Response to “Oil Price vs Ethanol stocks”
  1. Xavier Mediaâ„¢ » Blog Archive » Oil Price vs Ethanol Stocks Says:

    [...] Maybe ethanol stocks are the future money-making machines? I don’t know, but check out this blog: Oil Price vs Ethanol Stocks [...]

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