Oil Price
Renewable Energy Group Inc. (REGI) , the biodiesel maker that hasn’t posted an annual profit since 2008, will test investor demand for new shares in the first U.S. initial public offering this year. The Ames, Iowa-based company, which turns ingredients including soybean oil into biodiesel for cars and trucks, plans to raise as much as $108 million offering 7.2 million shares for $13 to $15 each today, according to a regulatory filing. Renewable will use the proceeds to buy a factory it is currently leasing and to invest in new processing technologies.
Renewable Energy Tests U.S. IPO Market in First Deal of 2012
U.S. to become world’s top oil producer: Goldman Sachs - MINING.com
Who do you think will be the world’s largest oil producer a few years from now? Saudi Arabia? Russia?
n-Butanol
n -Butanol or n -butyl alcohol or normal butanol is a primary alcohol with a 4- carbon structure and the molecular formula C 4 H 9 OH. Its isomers include isobutanol , 2-butanol , and tert -butanol . Butanol is one of the group of " fusel alcohols " (from the German for "bad liquor"), which have more than two carbon atoms and have significant solubility in water.
Isobutanol ( IUPAC nomenclature : 2-methyl-1-propanol ) is an organic compound with the formula (CH 3 ) 2 CHCH 2 OH. This colorless, flammable liquid with a characteristic smell is mainly used as a solvent. Its isomers include n -butanol , 2-butanol , and tert -butanol , all of which are more important industrially. [ edit ] Production Isobutanol is produced by the carbonylation of propylene .
Isobutanol
Butane
Butane is an organic compound with the formula C 4 H 10 that is an alkane with four carbon atoms . Butane is a gas at room temperature and atmospheric pressure. The term may refer to either of two structural isomers , n -butane or isobutane (or "methylpropane"), or to a mixture of these isomers .The Energy Information Administration (EIA) in its Annual Energy Outlook 2011 projects that natural gas demand in the United States could be 26.55 trillion cubic feet (Tcf) by the year 2035, an increase of 16% over 2009 levels. For comparison, overall energy consumption in the U.S. is expected to increase by 20%. With demand in emerging markets growing and an increase in environment regulations for cleaner burning fuel, natural gas usage is expected to increase alongside annual energy demand which itself is forecasted to increase by 0.7% per year over the next 26 years. Investopedia Markets : Explore the best one-stop source for financial news, quotes and insights. Natural Gas Demand The EIA forecasts that residential energy demand will increase 6% between 2009 and 2035.
The Future Of Natural Gas
Natural Gas Glossary
Natural Gas Glossary Anticline An anticline is an area of the earth's crust where folding has made a dome like shape in the once flat rock layers. Anticlines often provide an environment where natural gas can become trapped beneath the earth's surface, and extracted.
Yanzhou Coal Mining Co. (1171) , China ’s fourth-biggest coal producer, agreed to buy Gloucester Coal Ltd. for about A$2.1 billion ($2.1 billion) in cash and shares to gain more mines and port access in Australia . The deal values Gloucester at as much as A$10.16 a share, subject to conditions, according to a statement from the Sydney- based company. That’s 45 percent more than its Dec. 19 close, the day before the stock was halted. Enlarge image Yanzhou Coal Agrees to Buy Gloucester in A$2.1 Billion Deal
Yanzhou Coal Buys Gloucester for $2.1 Billion to Gain Port, Mines Access
A former consultant to Bixby Energy, the troubled Ramsey, Minn., developer of a coal-to-natural-gas technology, has implicated a former officer of the company in what federal authorities describe as a $60 million securities fraud scheme. Dennis Desender, 64, pleaded guilty Wednesday to one count of securities fraud and implicated "Individual A," identified in court papers as an officer of Bixby, in a scheme that allegedly duped investors in a venture to sell coal-gasification technology to China. Desender pleaded guilty earlier to one count of tax evasion.
More trouble ahead for Bixby Energy founder?
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World Energy Outlook Homepage
By Tim McMahon Updated June 14, 2012 in table format The first table shows the Annual Average Crude Oil Price from 1946 to the present. Prices are adjusted for Inflation to December 2011 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics. Note: Since these are ANNUAL Average prices they will not show the absolute peak price and will differ slightly from the Monthly Averages in our Oil Price Data in Chart Form.
Historical Oil Prices Table
OPEC has seldom been effective at controlling prices. Often described as a cartel, OPEC does not fully satisfy the definition.