Archive for the 'Oil' 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

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

08-11-2006

Oil stocks and United States energy independence

This morning Exxon, the largest energy company in the world reported record profits of $10.36 billion for the second three months of the year. This was up from $7.64 billion from the same period a year ago. You will notice that the earnings were just shy of the record $10.71 billion they reported in the fourth quarter of last year, 2005. All companies have cushions; the accountants call them reserves. There is always flexibility in the reporting of a company’s earnings. Exxon very easily could have used their flexibility to come in with earnings that were below last year’s fourth quarter record in order to avoid the embarrassment of posting another new record quarter. The company knows that the Congress is looking over Exxon’s shoulder because the American people are looking over the government’s shoulder. This is especially true with Congressional elections, and both houses of Congress up for grabs.

Every President of the United States has paid lip service to American energy independence. It’s like listening to the President’s State of the Union Address. The last seven Presidents within 1 minute of speaking at the State of the Union have always said, “I am please to report tonight that the State of the Union is strong,” with emphasis on the word strong. Each President has proclaimed the need for energy independence, and then has always backed down from doing anything about it.

The answer by the Democrats is to create a tax to confiscate or simply take away what they deem to be excess profits that Exxon, and its associates are making. The Republicans pine away about the need to open up the Southeast coast of Florida to offshore exploration, as though that’s going to bring in millions of barrels per day. The answer is that both parties are wrong. Exxon is simply tacking onto OPEC dictated price the Arab states wish to charge us. It’s more complex than that, but not by much.

Decades ago, the oil world was run by the seven largest oil companies on the planet, most of them American owned. For those of you old enough to remember back in 1973, Read the rest of this entry »

Posted by blogmail in Oil | No Comments »

08-08-2006

Oil over $200?

The brothers Lundin (from Lundin Petrolum & Lundin Mining) is expecting the oil price to go over USD 200 per barrel within the next ten years. Yesterday the oil price was about $78 per barrel, so the price today is far away from the nightmare of $200.

Posted by bylla in English, Oil | No Comments »

07-18-2006

Oil price soon over 100 dollars?

Due to the conflict between Lebanon and Israel an oil price of over 100 dollars could be possible in th near future. Let’s just hope that there will be few hurricanes in the Mexican Gulf this hurricane season,Â otherwise the oil price will go up even more if the oil riggs in the Gulf can produce oil as they should.

Not only the oilÂ is getting more and more expensive due to the conflict, but also gold and ethanol.

Posted by bylla in Economics, English, Ethanol, 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)Â 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 »

07-07-2006

Oil prices up!

Oil prices are back at all-time highs above $75 per barrel. XETHANOL CORPORATION (AMEX:XNL) was traded up 1.04% since yesterday to $9.70 per stock.

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

07-06-2006

Oil price over 75 dollar

Yesterday when the trading at New York Mercantile Exchange, Nymex, closed the oile price had increased by 1,7 percent toÂ $75,15! The reason for the price increase was the North Korean misile test

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

07-03-2006

Oil Price vs Ethanol stocks

When I compared the price for NYMEX crude oil andÂ 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.

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 independentÂ Prime Minister GÃ¶ran 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.

However two of the Commission members (GÃ¶ran 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 onÂ 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…