Energy, Energy Service, Natural Gas &amp; Oil Sectors

Top 78. Jun 1, 1999 7:52 AM

» JenL_3 - Current Gas Prices

These posts copied from the "BB MoneyTalk Summaries" thread:

Author: GlenO (Glen Overby)
Date: May 31, 1999 6:26 PM
Subject: thanks for teh summary

From someone who is on vacation this week, thank you VERY much for the show summary!

I believe Bob hosts the show from Cocoa Beach, FL and, oddly, I was unable to find a radio station in that area which carried the show. I couldn't recieve the Daytona Beach station on a car radio.

Observation: we've all heard Bob praise Florida for not having an income tax, but the highway tolls will easily make up for it. In a way, I'll be a little less unhappy to go back to forking over ~7% income + ~$200/yr license tabs (I drive a 1998 Honda Civic) to Jessee Ventura (MN Gov.). It cost me $2 each way from Orlando Airport (MCO) to/from Kennedy Space Center, and another $2 from the Airport to the Disney World area. Now, doing that once isn't bad, but if it was every day... wow! That would be just like paying income tax!

BTW, Kirk, gas here is in the $1.10 range. I knew you'd ask :-)

Glen Overby

Author: KirkL (Kirk Lindstrom)
Date: May 31, 1999 6:47 PM
Subject: Glen

Glen

Thanks for the gas report! I find it very interesting... maybe you could do a map of the US and put gas prices in each state? You might get so many hits you would become GlenO.com!

I noticed today that Gas is down $0.14 a gallon to $1.51 for 87 Octane regular unleaded or about 10% off its peak. Should be an interesting May inflation report.

Poor baby on car taxes.... My '94 'vette is over $300 and that is after a reduction. I paid over $600 at one time! My '90 van is about $200 if I remember right. We actually got a big REDUCTION in auto taxes as Wilson's parting shot before a demo replaced him as Gov of CA.

Kirk Lindstrom - Editor: Investing and Personal Finance

Author: RandeS
Date: May 31, 1999 7:00 PM
Subject: Arco at $1.

Arco at $1.48 in Daly City.

Rande Spiegelman

Author: oldguy
Date: May 31, 1999 7:10 PM
Subject: Chevron in South NM

$1.099 this noon

Author: JonathanC_2
Date: May 31, 1999 7:14 PM
Subject: $1.49 and holding in Half Moon Bay

Basic unleaded (87 octane) has been $1.49 and holding at the Olympia in Half Moon Bay for over two weeks. (Not that anyone's going to come over here for gas, unless they eat at Three Amigos).

Jonathan Chance

Author: DennisL
Date: May 31, 1999 8:09 PM
Subject: In East Contra Costa County, CA...

...Tower Mart gas is $1.28.9/gallon for unleaded 87 octane--31 cents less than it was three weeks ago.

I know...this discussion of gas prices belongs on the "Energy" thread, but I didn't start it...8-)

-- posted by JenL_3

Top 79. Jun 1, 1999 8:52 AM

» RandeS - What a great way to start the month of June (commodity-wise) --

What a great way to start the month of June (commodity-wise) -- July contract for crude oil is down to $16.35 in a nice slide today (December contract even lower), gasoline futures all hovering around $.46 to .48 and gold off better than a couple of bucks to $267 and change.

-- posted by RandeS

Top 80. Jun 1, 1999 10:13 AM

» Hugs - Been a while.

Since this thread's been up.

Didn't care, 'cause I'm out. (been for several weeks now.) Like the scenery elsewhere.

-- posted by Hugs

Top 81. Jun 2, 1999 9:54 AM

» DennisL - Here we go again.

From the "Kirk's Market Thoughts" thread:

Housing numbers and bond market are amazing. Especially if you look at the links for gas and oil prices you posted yesterday.

Guess what my Tower Mart gas station did this morning? They raised gas prices by .03/gallon.

The yield on the 30-year T-bond is fast approaching 6%.

Here we go again.

-- posted by DennisL

Top 82. Jun 3, 1999 6:25 PM

» DennisL - And Again

Tower Mart gas prices are up another .05/gallon today. That's eight cents in two days, folks. Here we go again, back up towards $2.00/gallon.

-- posted by DennisL

Top 83. Aug 18, 1999 1:52 PM

» SteveT - Gas prices in SD

We had it pretty good most of the Summer. I bought 89 octane with 10% ethanol for $1.109 most of the Summer. About 10 days ago it went up to 1.199 but dropped to 1.149 today. I think it had something to do with getting a few extra Dollars from all the Harleys going and coming from the Sturgis bike rally.

-- posted by SteveT

Top 84. Sep 23, 1999 12:14 PM

» matttheduck - assuming anyone will let you drill

we have to be there at $24+/barrel. the other question is at what point will the drillers feel comfortable with the staying power of the price to open the wellheads? i say, let it flow, baby, and let's get that price down to $15/barrel again and give dr. greenshades a break.

-- posted by matttheduck

Top 85. Jan 31, 2000 3:21 PM

» SteveT - The price of oil in the U.

The price of oil in the U.S.

Lately many have been grousing about OPEC limiting supplies of oil. Some think it is terrible of Saudi Arabia to allow this. "We went to War 9 years ago to save them from Iraqi aggression" is the cry often heard. While I believe it is true we went to war to keep oil moving to our boarders. That does not mean that oil belongs to us. It is their oil let them do with it as they will. I seriously doubt a jump in oil will bring down this Country. I was thinking of buying oil stocks in the Fall of 98 when it was in the $10/ barrel range and didn’t because I was afraid it was going to $5. I was told by someone that works in the industry those oil companies could be profitable at $5 so I waited and missed it. This country does not have a great record dealing with other nations and their Natural resources. They are finally wising up. If OPEC wants $30 oil what is to stop us from developing alternative fuels, using mass transit a few days a week, or parking that SUV. Competition, supply and demand & free markets will correct any imbalances. Sure these measures maybe painful short term but may make us more independent in the long term. This Country seems at its best when the chips are down. Course it is always easier to cry and whine rather than face the problem head on.

-- posted by SteveT

Alternative energy technology stocks soaring

Top 86. Mar 11, 2000 11:52 PM

» JenL_2 - Alternative Energy (AE) Technology Sector

Instead of grousing about gas prices - I'd rather see us discussing alternatives to Big Oil. This from 2/22 biz.Yahoo.com:

By Dann Rogers

CALGARY, Feb 22 (Reuters) - Traditional oil and gas stocks have languished despite higher energy prices, but stock prices of alternative energy (AE) technology firms have at least tripled so far this year.

Shares of Ballard Power Systems Inc. (Toronto:BLD.TO), the perceived leader in the automotive industry race to replace the internal combustion engine, added another C$14.50 on Tuesday to trade at C$172.50 on the Toronto Stock Exchange. The Vancouver-based company was trading at C$44.00 at the start of the year.

Ballard said recently it expects to be producing a new generation of no-emission automotive fuel cells as early as 2004 at a cost comparable to today's gasoline engine.

Fuel cells make electricity by splitting the electrons and protons in hydrogen and recombining them with oxygen.

One of the many remaining hurdles to mainstream use of the new technology involves developing an infrastructure to get the hydrogen, which has to be extracted from hydrocarbon, into a fuel cell.

One scenario involves extracting hydrogen from natural gas at central processing centers and then shipping it to service stations where it can be pumped into a car's tank.

Another plan under consideration is to pump natural gas directly into a car's tank and have the hydrogen extracted by an onboard reformer, or miniature refinery.

Another one of the few publicly traded AE companies, Israel's Electric Fuel Corp. (NasdaqNM:EFCX), rose 6-1/2 to 16-3/4 on Nasdaq after Israel and the United States said on Tuesday they would cooperate on a project to develop municipal buses that would run on electricity. The stock was trading at 2 at the end of 1999.

Calgary's Global Thermoelectric Inc. (Toronto:GLE.TO), is also developing fuel cells for use in automobiles, but its main niche market is seen in residential and remote location commercial power generation using natural gas, say analysts.

On February 3, the company said it hopes to begin initial testing of remote power systems with industrial customers in early 2001 with testing of residential co-generation units later in the year.

Global's stock climbed C$2.65 to C$31.90 in Toronto on Tuesday. It started the year at C$12.

``Global's fuel cells are high-temperature technology suited to the stationary power market,'' said Peter Tertzakian, a former oil and gas analyst who now covers AE for brokerage Goepel McDermid.

``Ballard is definitely the leader in the automotive market, but there are all sorts of other competitors out there aside from just fuel cell makers.''

He noted that the traditional car makers have made great strides in reducing emissions from combustion engines and that a number of hybrid solutions are in various stages of development.

Westport Innovations Inc. (Toronto:WPT.TO) is developing a technology where natural gas would be used as the fuel in truck diesel engines and for stationary power generation.

It shares fell 60 Canadian cents to C$14.15 on Tuesday, but it has risen from C$5 at the start of the year.

``Most of these innovations are being driven by anti-pollution legislation, but if they become economically viable as well, the news from this sector will be generally good over the next few years,'' said Tertzakian.

($1=$1.45 Canadian)

Hmmm - Hot Sector! Is anyone investing in Alternative Energy Technology stocks? Let's talk about it - I need some education....Jen

-- posted by JenL_2