stevenicoldeactivate
Hillsboro, Oregon
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Biodiesel Question
When I have the opportunity, I put biodiesel 100 (B100) in my 2002 Dodge CTD; because I can, and it seems like the right thing to do. Since the price of petroleum diesel has shot up dramatically over the past two months, I was expecting the price of Diesel #2 to "leap-frog" over the price of B100; it hasn't. In fact, B100 has kept the same pace with price increase of diesel #2.
What are the factors that would cause the price percent gain of B100 to follow the retail price percent gain of Diesel#2?
Outside the hogwarsh conspiracy theory jive, does anyone know what the economic factors are that would cause this relationship? And, don't biodiesel producers get a tax break? So, shouldn't that "trickle-down" to we the consumers? (or is that just a myth I heard?)
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Sea Dog
Ontario Can.
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Dow anounced today up to twenty percent price increase in its products.
Hang on to your hats, the problem is starting to move away from the direct cost of fuel.
Quote:
20% price increase at Dow Chemical
Chemical producer will raise product prices this Sunday, citing soaring energy and raw material costs.
See all CNNMoney.com RSS FEEDS (close)
May 28, 2008: 10:44 AM EDT
Dow says raw material costs have soared fourfold since 2002 to $32 billion.
MIDLAND, Mich. (AP) -- Dow Chemical Co. will raise product prices by up to 20% almost immediately to offset the soaring cost of energy and raw materials, and the CEO of the chemical giant lashed out Washington on Wednesday for failing to develop a sound energy policy.
The price increases take effect Sunday and will be based on a product's exposure to exorbitant costs. Dow said it spent $8 billion on energy and hydrocarbon-based feedstock, or raw materials, in 2002 and that could climb fourfold to $32 billion this year.
'True energy crisis'
"For years, Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis, one that is causing serious harm to America's manufacturing sector and all consumers of energy," Chairman and Chief Executive Andrew Liveris said in a statement.
"The government's failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S."
Liveris said soaring costs for Dow are "forcing difficult discussions with customers."
Dow Chemical (DOW, Fortune 500) makes a broad range of chemical, plastic and agricultural products that are sold in 160 countries.
The company last month reported a 3% drop in quarterly earnings. At the time, Dow said it considered it a strong showing in the face of a 42% jump in feedstock and energy costs
Life is short,Death is long,
Take a vacation.
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CRay
Olympia, WA
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Joined: 11/24/2004
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A couple days ago I posted with a link to a US Senate cite a piece about senate witness (Wall Street commodities broker) who presented credible testimony about how commodities/futures brokers had ballooned the demand for gas to equal a second China. According to the data 63 months ago on 1/1/03 the brokerage inventory was equal to about 1 year of demand while on 4/1/08 the smae inventory was equal to 5 years of demand. All while the real world wide demand shows only a 4 % increase. For the details of his testimony go to http://hsgac.senate.gov/public_files/052008/masters.pdf.
Ray
* This post was
edited 05/29/08 12:25pm by an administrator/moderator *
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nickthehunter
Midwest
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If you could define for me what "brokerage inventory" means I might be able to understand what your post is trying to say. And as for the definition of credible testimony. Doesn't that just mean he believes what he is saying, factual testimony, means you can back your testimony up with facts?
All in all, are you just simply trying say the oil shortage, is manufactured, not real, and your proofs are some guys testimony on Capital Hill?
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ralexis
Flagstaff, AZ
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Hey, Look at the bright side..... The Caraboo in Alaska are doing just great. Doesen't that ease the pain?
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kudos383
wva
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Look what's going on today!! gov let's a hint out that they have been checking into spec trading for 6mon's already,and prices have been droping all day.![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/smile.gif "smile")
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Bucky Badger
Madison, WI
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kudos383 wrote:Look what's going on today!! gov let's a hint out that they have been checking into spec trading for 6mon's already,and prices have been droping all day.
Oil dropped yesterday too by 3.34 or so a barrel.....Will prices go down in accordance with what they went up?.....NO. Greedy SOB's
2010 F150 5.4, 3.55, 4x4, Equli-z-er Hitch
2007 Forest River Salem 27RB LE
and
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topflite51
In The Desert of Nevada
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Just last week, a Senate committee voted to block any extraction of oil from shale in Colorado. In essence, they voted to make your trips to the gas station more expensive, to make air travel more expensive, to make heating or cooling your home more expensive, and to make your food more expensive. Just what are they thinking? Or are they even thinking?
">David
Just rolling along enjoying life
w/F53 Southwind towing a 87 Samurai or 01 Grand Vitara looking to fish
Simply Despicable ">
Any errors are a result of CRS.">
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ORbiker
Springfield, Oregon
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I travel the I-5 freeway almost every day for work. The truck have been going 62 or less for months. Today they are moving at 65 or better.
Backpacker and tent camper all my life. Motorcycle trips with a tent too 1978 to Present. 2016 Grand Design 380TH as of 10-29-2015. Now a New 2018 374TH-R Solitude as of 3-16-19. 10-19-18-traded truck for a 2016 Ram 3500 DRW Laramie Crew Cab 4x4 Long Box.
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traxtermax
UPSTATE NEW YORK
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Joined: 05/26/2004
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Sea Dog wrote:Dow anounced today up to twenty percent price increase in its products...
And there's no reason to think that paint manufacturers, pharmacutical companies, boats builders, the health industry etc. won't raise their prices for the same reason.
Maybe some will finally pull their head out of the sand when they see the effects and their financial consequences.
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