Commodity price volatility, is the key to establishing the relationship between different energy products, their price determinants, the reasons behind price fluctuations. Crude oil is a large component of production costs for heating oil and gasoline, and therefore fluctuations in the price of crude oil translate to simmilar fluctuations in heating oil and gasoline prices.Continue reading “Commodity price volatility, factors behind their price fluctuations.”
Toyota: Evacuation of employees at car plants that make braking and suspension systems.The factory in Miyagi, was destroyed. Nissan: 1500 Infiniti automobiles were destroyed at the ports. Sapporo: The beer brewer’s Sendai plant was destroyed. Sony: Plants that manufacture magnetic tapes, blu-ray disks, batteries, and rd offices were severely damaged.
In 2011 the cost of shipping a gallon of gasoline, jetfuel, lng, or any other petro product from the middle east to Japan was virtually unchanged for despite protests througout the Middle East. Today, the cost of shipping these products is set to advance 67%! A 5 year high! As Japan has begun replacing itsContinue reading “Oil Product Shipping Costs to Japan…”
Nymex Crude Oil Futures are already up 9% on Globex trading. The Libya situation is being watched carefully. Multinational oil companies have already begun evacuating their staff. Italy has sent military jets to Benghazi, in an effort to secure her interests (eni) and build peace.
The Greek supertanker was headed to the U.S. Gulf Coast from Mina Al Ahmadi, Kuwait, loaded with 270-thousand metric tons of crude oil. It was attacked and hijacked early Wednesday morning off the coast of Oman the second incident of its kind in the region in less than 24 hours. The incident, the second againstContinue reading “Greek ship carrying Kuwaiti oil to the United States”
Greece hopes concentrated solar power technology can become an opportunity for the debt-ravaged country to seek a better future. Plans are underway to build the worlds largest solar park over depleted coal mines in the city of Kozani (Κοζάνη, Μακεδονία). The project has been estimated to cost 600 million euros approximately 807 million USD andContinue reading “Debt-ravaged Greece seeks solar-powered growth.”
Herman Van Rompuy, the first official President of the European Council. A Belgian politician of the Christian Democratic and Flemish party, was attacked in parliament for not being a strong enough leader by UK Independence Party MEP Nigel Farage attacked Van Rompuy with insults, asking him “Who are you?” and stating that Belgium is a “non-country.”