Archive for the 'Energy' Category

11-17-2006

Oil under 55 dollar

The oil price is currently down 30 % in NY since the top price of 78 USD in July to a price under 55 dollar per barrel. The price for Brent oil is currently at USD 58,05 in London and also metals like cupper and aluminium are down in London.

USD vs SEK

According to di.se we should see a USD at 6,50 SEK in a short time period. The financial graph from Xavier Finance show a decreasing dollar agains the Swedish krona.

USD vs SEK. From http://finance.xaviermedia.com

Posted by bylla in Currency, Energy, English, Finance, Oil | No Comments »

11-08-2006

Twice as expensive oil

The oil price will stay around USD 60 for a few years and then double to about USD 130 per barrel in year 2030 according to World Energy Outlook from International Energy Agency (IEA).

The big question I ask when I see news like this is simply: How much oil will there be in the world year 2030 and do we really need oil then?

I really hope that the world will have found new energy sources until 2030, because the demand for engery will countinue to rise and we need energy sources that doesn’t destroy our planet….. Just my few cents :D

Posted by bylla in Energy, English, Oil | No Comments »

07-14-2006

Oil price over 78 dollar

Due to the conflict between Israel and Lebanon the oil price rised above 78 dollar this morning. Pacific Ethanol, Inc (NASDAQ: PEIX) is up 2.56% in the morning trade today and Bluefire Ethanol Fuel (Other OTC:BFRE.PK) is up 0.94%.

Posted by bylla in Energy, English, Ethanol, Oil, Stock Market | No Comments »

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 | 1 Comment »

06-19-2006

Sweden’s goal to be oil independent

To make sure Sweden will be oil independent Prime Minister Göran Persson appointed an expert council called The Commission on Oil Independence in December 2005. This summer the Commission will present actions necessary to achive the new goal. :D

However two of the Commission members (Göran Persson and Leif Johansson, from Volvo) do not agree with each other and it looks like the results will be delayed….. :( According to the Commission the oil consumption should decrease by 40% in Sweden till year 2020, but Leif Johansson think that kind of goal will hit the Swedish companies too hard. Johansson and Persson are also disputing on what kind of new energy sources Sweden should use instead of oil.

Lets hope they can find a solution before the end of this summer…

Posted by bylla in Energy, English, Oil | No Comments »