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To: ChanceIs who wrote (102823)6/14/2008 2:53:58 AM
From: Elroy Jetson3 Recommendations   of 178721
 
MTBE replaced tetra-ethyl lead. It retards gasoline ignition, aka raises octane levels.

MTBE runoff dissolved in water and contaminates the water table, is not biodegradable within any reasonable period of time, tastes bitter and is carcinogenic.

Ethanol at a level of 5.6% functions like MTBE, or tetra-ethyl lead. Ethanol costs 1/2 cent more per gallon than MTBE. This costs the average motorist an extra $5 per year.

Like MTBE, ethanol runoff contaminates water tables but is broken down by bacterial action within days or weeks, it's not carcinogenic, and is not bitter in the interim.

Ethanol also acts as a an oxygenate which lowers some types of emissions, at the expense of raising others.

All in all using ethanol as and octane additive is superior to MTBE, or lead.

People who consider themselves ethanol proponents are usually talking about much larger percentages than 5.6%. This excites them because it lines their pocket. Enough said.
.

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To: ChanceIs who wrote (102823)6/14/2008 7:02:43 AM
From: elmatador   of 178721
 
Removing MTBE is envirothing. Sabotage of the US economy I call it.

Instead of enforce better handling and storage. No! Lets get rid of it.

Not that we are complaining if we can cash in on this one...

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From: Dennis Roth6/14/2008 7:29:40 AM
   of 178721
 
PBR, DO, Coal - Goldman & Credit Suisse notes

Petroleo Brasileiro S.A. (ADR) (PBR): Guara success provides further pre-salt encouragement - Goldman Sachs - June 13, 2008 Brazil
Message 24675339

---

Diamond Offshore Drilling (DO): Management meetings reaffirm positive fundamentals; Buy rated - Goldman Sachs - June 12, 2008 United States
Message 24672516

---

U.S. Coal Sector: Coal Trend Watch - June - Credit Suisse
In file-1.pdf
bigfileswapper.com 

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To: XoFruitCake who wrote (102830)6/14/2008 7:52:04 AM
From: elmatador2 Recommendations   of 178721
 
OT C2 is a lawyer and people at that profession derive implications from what they read. Therefore, one has to use the word as a counter argument.

He, as lawyer, knows that once he writes something, third parties take what he wrote and use that as part of their own argumentation.

Such is tha case of "pass as my own". I counter argue that, it only passes as my own if I specifically say that.

His inferences are not facts.

I write a lot in SI. I don't copyrighy what I wrote here and expect no copyrights from others.

Poepe who write for a living copyright the stuff they write. But with a twist:


They leave below a place for people to vent their opinion. Which conveniently, are not copyrighted. Thus an author can write an article. Ask for toher peoples opinions. Get a whole lot of information free of charge and use it for the new copyrtighted article.

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To: Sweet Ol' John who wrote (102778)6/14/2008 7:55:24 AM
From: big guy   of 178721
 
>>>So, there you are, more than you ever wanted to know about wave analysis of OSX!!!!!!<<<

Not quite John. Can I ask after figuring out out all your counts and measurements where you see this whole thing topping out?

I'm not a student of wave theory but know there are targets although many other counts can come into play. Care to take a wild assed shot at a when and where it is time to leave the party?

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To: big guy who wrote (102835)6/14/2008 8:05:46 AM
From: elmatador   of 178721
 
Mining cities for materials: What do a grieving family in Syracuse, the streets of Cortland and a graveyard in Canastota have in common?

syracuse.com 

Each are a victim of metal thieves, who have become increasingly brazen in Central New York. Within the past year, thieves have stolen a fire hydrant, a marker commemorating the founding of the Onondaga County Republican Party and a $33,000 stainless steel rail intended for Cornell University.

The range of victims has expanded as metal prices rise with a building boom in China and India. An industrial revolution in those countries, which account for more than a third of the world's population, is fueling the global need for scrap metal.

That worldwide demand has had a direct and personal impact on Central New Yorkers.

Days after burying Lottie Birchmeyer after she died in a March fire, her sons discovered copper pipe ripped out of their 89-year-old mother's fire-ravaged house on Carbon Street.

"People think because there's a fire and no one's living there anymore, it won't make any difference," said her son, Paul Birchmeyer. "It's crazy."

In Cortland, the theft of 19 cast-iron storm drains last month left gaping, 4-foot holes in city streets. Two men were charged after the grates were recovered in a Broome County scrap yard.

"It's pretty stupid," Cortland Police Lt. Paul Sandy said. "We had witnesses see them in broad daylight put the grates into the back of a pickup truck. It wasn't the most well thought-out operation in the world. And it created a huge public risk."

Even the dead aren't protected from metal scavengers. Roughly 50 bronze grave markers some dating to Revolutionary War veterans were wrenched from poured concrete in February at the Mount Pleasant Cemetery in Canastota.

"It's very difficult to replace them," said Alan Galster, commander of the Veterans of Foreign Wars Memorial Post 600, in Canastota. He oversees honors for fallen veterans at the cemetery. "They are just replacing them with plastic ones."


alster said replacing each marker with bronze would have cost $31, or more than $1,500 total. Police told Galster the markers given they were so old had a scrap value of $180. He wonders how anyone can assign a value to a marker honoring a veteran.

"It gets pretty personal," Galster said. "How can you depreciate a grave marker? These are people who fought for this country. My grief goes out to the families who have to revisit the deaths of their loved ones."

Syracuse police charged a Sullivan man, Christopher Strauss, 19, with the thefts. The grave markers were recovered from a scrap yard, but held by police as evidence.

Thefts will continue as demand for metal skyrockets, a Syracuse University economist said.

"There's a huge, worldwide construction boom China, India, Europe, even Washington, D.C.," said Michael Wasylenko, senior associate dean of SU's Maxwell School of Citizenship and Public Affairs.

The building frenzy is driving up the costs of steel, copper, iron and other metals, he said. The economies in China and India, with 2.4 billion of the world's 6.6 billion people, have roughly doubled in the last decade, Wasylenko said. In the same period, the U.S. economy has grown about 25 percent.

The demand for shopping malls, factories, hotels and office buildings in Asia has exceeded supply, he said. And it's less expensive to recycle scrap than mine new metal.

A weak U.S. economy is also driving up prices, as people invest in precious metals, Wasylenko said.

"Demand is part of it, but there's also speculation out there," he said.

In the past three years, the price of copper has jumped from $1.50 a pound to $3.78 a pound, according to the New York Mercantile Exchange. In the past year, it's gone up nearly 50 cents a pound. Onondaga County has averaged more than a copper theft every other day since thefts spiked in 2005.

What can be done?

There isn't any surefire solution to crack down on metal thefts, authorities said.

"Metal's everywhere," said Sgt. Tom Connellan, of the Syracuse Police. "They're stealing grave markers. They're going into vacant homes. The biggest thing is, if the public sees something suspicious, they need to call us."

Onondaga County sheriff's Detective Bob Pitman tries to dedicate four hours a week to leading "Operation Copperhead," a task force that patrols scrap yards for suspicious metal. Members include Syracuse police; sheriff's offices in Onondaga, Oswego, Cayuga, Madison and Oneida counties; state police; and security from National Grid.

Pitman said there's not enough time to investigate every burglary to the extent required to make an arrest.

At scrap yards, Pitman often sees young people on bicycles carrying garbage bags filled will shiny copper pipe.

"You know it's stolen," he said. "But no one in their right mind will tell you where it's coming from."

Two Syracuse police detectives work four hours a week to monitor scrap yards and investigate metal thefts.

"We're putting a dent in the problem," said Syracuse Detective Dick Morris.

All we can do is inconvenience the thieves. If we get lucky, we catch one."

Detective Joe White said they've encountered everything from junked cars to airplane wings.

Without being able to prove where the metal originated, it's difficult to arrest anyone, Connellan said.


"The guys who are stealing it, for the most part, are not the ones taking it to the scrap yard," he said. "They'll sell it to a middleman, who will tell us, 'I found it.' "

About 10 detectives in the sheriff's office are assigned to investigate all burglaries and robberies, Pitman said.

Crimes against people come first, like robberies, murders and assaults, detectives said.

There were 166 copper thefts in Syracuse from April 1, 2007 to April 20, 2008. Of those, 111 were at vacant properties. Eight people were arrested for copper thefts during that time.

In the same period the year before, there were 188 copper thefts in the city and 140 for the year before, according to city records.

Syracuse police have made 15 to 20 arrests for metal thefts since the beginning of the year, detectives said. Some of those arrests including the graveyard thief from Canastota closed investigations outside the city.

Across Onondaga County, there have been 234 copper, 75 aluminum and 47 steel burglaries in the past year, according to sheriff's office records

The state helped authorities earlier this year by passing a law that requires scrap yards to see photo identification from scrappers selling more than $50 worth of metal.

Pitman said the new law helped nab a burglar who stole a custom-built $33,000 stainless steel rail made for Cornell University.

After the burglary, Pitman called around to the seven scrap yards in the county. One yard told him it bought the rail, cut into small pieces, for roughly $500. Their records led deputies on Jan. 3 to arrest Robert Dischiave, 30, of Syracuse, and charge him with felony criminal possession of stolen property, said Sgt. John D'Eredita.

"It's like linking up a jigsaw puzzle," Pitman said. "It is time-consuming."

Brazen thieves

In December, mechanic Michael Ciaramella found three catalytic converters had been cut off vehicles in his Riegel Street lot in Syracuse.

It takes 20 seconds to cut off a metal-laden converter with a cordless saw, Ciaramella said. Some fetch up to $1,000 on the black market.

"They're better than candy," Ciaramella said. "And hotter than gold."

Rich in platinum, aluminum, silicon and other metals, catalytic converters are among the latest targets for metal thieves, police said. Syracuse police have tracked at least 28 catalytic converters stolen in a dozen thefts in the past year.

"What can you do?" Ciaramella asked. "Live in your shop and try to catch them in the act, or do drive-bys and hope you see something? I'm not going to live here."

His insurance policy only covers damage caused inside the shop, he said. Cars ripped off in the parking lot are the owner's responsibility.

That wouldn't help LaMacchia Honda on West Genesee Street, where 13 catalytic converters were stolen off Honda Pilots in December. Each converter was worth $1,300, police said.

Owner Anthony LaMacchia declined comment. Police said dealerships fear coverage will lead to more catalytic converter thefts.

Burglars are stealing history, too. Near Onondaga County's Republican headquarters, under an elm tree, stood a bronze plaque for almost a century. It commemorated the Onondaga County party's founding in 1854, said Republican County Chairman John DeSpirito.

Last July, the plaque was wrenched from its granite base by thieves. As with the Madison County graveyard, the Republicans will replace the stolen marker with a synthetic one.

"Thank God we've got pictures," DeSpirito said. "It's just sad. It's been here since 1910, and then some idiot steals it for $10."

Douglass Dowty can be reached at 470-6070 or ddowty@syracuse.com.

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To: kollmhn who wrote (102779)6/14/2008 8:07:50 AM
From: Ed Ajootian1 Recommendation   of 178721
 
Kol, Petro Resources (PRC) -- I believe one of the reasons they are retaining so much cash from their offering in November (vs. just paying down debt) is to be able to cut a check to redeem the preferred on 10/2, if no other solution is found for that by that point. But I'm thinking of that scenario as being only the worst case, with only a remote chance of happening.

The more likely situation is that, by that point, they will have gotten conventional bank financing in such an amount that, combined with their current stash, they would be able to not only redeem the preferred but also meet their $21 M cap ex budget for the year.

Another option that the company is considering is using their interest in the Hall-Houston offshore partnership to redeem the preferred. The holder of the preferred also owns an interest in that partnership and would be interested in increasing their stake in that.

Lastly, there is the chance that by 10/2 the preferred could be in the money (i.e. the common would trading over $4.50). The stock price has been held down by exogenous factors over these last months or so (forced hedge fund selling, etc.), and is finally showing signs of getting to a reasonable valuation. With this backdrop, if they make oil discoveries in both their LA and deep Newporte wells, the stock price should respond quite favorably.

The LA well could prove up a field that ultimately is found to contain a million bbls. of oil net to PRC's interest. These oil wells in LA flow more prolifically than in ND, so the PV of a bbl. in the ground is much higher, I would say right now a reasonable figure would be $30 - $40, or damn near a buck a share.

The deep Newporte well could prove up a field that ultimately is found to contain 25 mmbo gross (~ 4.7 mmbo net to PRC). For ND oil in the ground, I would put a value of $22 - $28, which says on a best case this could add more than $3/share to the stock price.

Each of the above 2 projects will be pretty far along by 10/2. Probably the results of the first 2 wells will have been known in the LA project by then, and the first well's results of the deep Newporte project will have been known, with the second well nearing TD by then. If both projects are successful and they do get a conventional bank loan, I would expect that the company would receive some more analyst coverage.

Regarding the options, they are trying to preserve their cash so it can be put in the ground vs. being used to pay salaries. You will see from the '07 proxy statement, their management is getting paid salaries that are lower than their peers. In order to attract good people, they have had to offer substantial amounts of stock-based comp. I think this is a good strategy for them at this point.

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To: CommanderCricket who wrote (102795)6/14/2008 8:54:45 AM
From: Dennis Roth   of 178721
 
US ethanol producers shutting in on corn price hike: Citi
platts.com 
New York (Platts)--13Jun2008

Five US ethanol plants have recently shut on rising corn prices and
"fairly massive shutdowns are in the offing," according to Citi analysts who
this week downgraded ethanol stocks.

In a report June 12, the Citi analysts cited a jump in corn prices to
record levels above $7/bushel that has taken place in the wake of heavy
Midwest rains. The US Department of Agriculture this week raised its corn
price estimate for the 2008-2009 season and predicted US corn stocks may hit
their lowest levels in more than a decade due to bad weather.

The Citi report said ethanol margins have shrunk to just 4 cents/gal for
ethanol plants with more than 100 million gal/year of capacity, down from 31
cents 11 days ago. Smaller plants have moved from break-even to a 45 cent/gal
loss, according to the report.

"As a result of the rapid margin deterioration we believe that many, if
not all, of the small to midsize producers will be forced to shut down over
the next few months with a total potential reduction in ethanol production at
2.0-5.0 [billion gal/year]," said Citi.

They said five undisclosed mid to small ethanol producers have gone
offline recently and more are expected to follow suit.

"We estimate that there are 85 plants that are less than or equal to 50
million gallons," said the Citi report. "Total annual production from these 85
plants is approximately 2.9 billion gallons. There is also an additional 1.9
billion gallons of ethanol produced by plants that are between 50-65 mm gals
(totaling 33 plants) that could also be at risk. Thus, we estimate that
2.0-5.0 billion gallons of ethanol capacity is at risk, representing 750-1,900
million bushels of annual corn demand."

The analysts also expressed concern that record corn prices will fuel the
food-versus-food debate and prompt US legislators to cap the Renewable Fuel
Standard.

"In our opinion, just the specter of possible political intervention will
likely cause the market to question the magnitude of future biofuel growth,
adding further pressure on valuations across the ethanol industry," said Citi.

--Beth Evans, beth_evans@platts.com

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To: elmatador who wrote (102815)6/14/2008 9:22:21 AM
From: Aggie10 Recommendations   of 178721
 
<OT> El Mat,

Sorry, have to agree with your opposition. I realize you may struggle with english as second language (no slight intended, I struggle with spanish), but stringing together the words of others and presenting them as an expression of your own thoughts doesn't hold up to the red face test.

The threads are all about an exchange and sharing of ideas, and everyone's ideas are based on their perceptions. Perceptions are influenced by the ideas of others. But the words you write are assumed to be your own unless quotes are provided and documented.

When attending a concert, nobody assumes the singer wrote the song.

Regards,

Aggie

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From: aerosappy6/14/2008 9:39:24 AM
   of 178721
 
<OT>
Week-end post of a "blast from the past -- the wisdom of oil analysts....


Commodity Strategists: Oil Prices May Fall 9% in '07, CFC Says
By Angela Macdonald-Smith and Nesa Subrahmaniyan

Nov. 23 2006 (Bloomberg) -- U.S. crude oil prices may fall as much as 9 percent next year as global supply rebounds, outpacing growth in demand, CFC Seymour Ltd. said.

West Texas Intermediate, the U.S. benchmark crude variety, may average $62-$63 a barrel next year, down from a forecast average of $67-$68 this year, CFC Seymour said in a presentation. Supply may increase by about 3 percent next year, double the rate of demand growth, said Dariusz Kowalczyk, chief investment strategist at the Hong Kong-based securities firm.

New York futures reached a record $78.40 on July 14 on concern that a conflict between Israel and Hezbollah forces in Lebanon could spread in the Middle East, source of about a third of the world's oil. Prices have fallen 23 percent since then because higher-than-average U.S. stockpiles and after the International Energy Agency cut demand growth forecasts.

``In 2007, the supply of crude will exceed demand, growth in demand will not match growth in supply,'' Kowalczyk said in an interview. ``The main reason is non-OPEC production will increase next year. African output will go up 12 percent in 2007 and the IEA has said Latin America and Russian output will also increase.''

Crude oil for January delivery closed yesterday at $59.24 a barrel on the New York Mercantile Exchange. It was at $59.30 in after-hours electronic trading at 1:18 p.m. Singapore time.

CFC Seymour, which focuses on structured financial products and corporate bonds for customers in emerging markets, expects prices to fall to $56 a barrel by the end of 2007.

Earlier Estimate

Prices have averaged $66.70 so far this year, 18 percent higher than last year's average of $56.71. That's also higher than the $58 consensus from a Bloomberg News survey in December, and higher than Kowalczyk's estimate of a year ago.

On the other hand, the Organization of Petroleum Exporting Countries will probably defend $60 a barrel as a floor to prices, while the U.S. will resume ``aggressive'' foreign policy, which will increase the premium in the oil market attributed to geo- political risks, the firm said.

Kowalczyk, who joined CFC in 2004, was previously an economist at MMS Standard & Poor's in Frankfurt and spent five years with HypoVereinsbank Group in Poland, where he was a financial economist.

CFC Seymour's forecast for 2007 prices is in line with the $62 median forecast of 34 analysts that provide data to Bloomberg News. The estimates range from $50 to $76.60. Prices may be higher than $60 a barrel next year, Fatih Birol, chief economist of the Paris-based International Energy Agency, an advisor to 26 nations, said Nov. 10.

Too Wide

Those forecasts may be too high, said Andrew Harrington, a commodities analyst at Australia & New Zealand Banking Group Ltd. in Sydney, who expects prices may average $55 a barrel next year.

``I think you're going to see a slowing economy,'' which will reduce demand, Harrington said today. ``There's also a lot of exploration and production going on in non-OPEC areas.''

The OPEC, which pumps 40 percent of the world's oil, began cutting production this month in an effort to stem further price declines.

The group will probably agree on a further cut in output quotas at its December meeting as it seeks to prevent prices from falling below $55 a barrel, Kowalczyk said. Oil prices may rise to as high as $68 a barrel by the end of the year, CFC said.

The IEA this month cut its forecast for China's oil demand growth for 2006 and 2007 because of slower gains in the use of transport fuel. China's oil demand may rise 6.2 percent this year, and 5.4 percent next year, it said. World oil demand this year will average 84.49 million barrels a day, rising to 85.94 million in 2007, it said.

Supply Rebound

Global supply will probably rebound after a ``period of stagnation,'' CFC Seymour said. Middle East producers are set to invest $94 billion over five years, including $80 million by Saudi Arabia, half of which will fund a boost in oil production, it said. Saudi Arabia, the world's biggest oil producer, is set to raise output by 1.7 million barrels, or 16 percent, over the next three years, it said.

Non-OPEC supply is set to jump, by 3.3 percent in 2007, led by Africa, Latin America and the former Soviet Union, CFC said. Spare production capacity will probably rise, as will commercial oil reserves, while the U.S.'s build-up of emergency stockpiles is almost over, all pointing to lower prices, it said.

To contact the reporter on this story: Angela Macdonald-Smith in Sydney at amacdonaldsm@bloomberg.net ; Nesa Subrahmaniyan in Singapore at nesas@bloomberg.net .

Last Updated: November 23, 2006 00:25 EST

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