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0 comments Saturday 14 Mar 2009 | Posted By Patrick | Predictions

Starting today, if you receive our e-mail updates via FeedBurner OR FeedBlitz, you will only receive updates when Ed or I make a new post in the "PREDICTIONS" category. You will NOT receive other posts that are not considered predictions, or any other information via your e-mail. If you would LIKE to keep reading ALL our posts from [...]

comments off Saturday 14 Mar 2009 | Posted By Patrick | News

United Steelworkers union members at Sunoco Inc.’s Marcus Hook refinery in Pennsylvania ratified a three-year contract, which includes wages and benefits from the national oil bargaining pattern, Lynne Baker, a union spokeswoman, said in an e-mail.

1 comment Friday 13 Mar 2009 | Posted By Patrick | Commentary

Congratulations goes to the Marathon gasoline station at Lake Michigan Drive and Wilson Ave. in Standale tonight for being the first station to break the $1.80 barrier, currently selling gasoline for $1.78. I was able to verify the price at 9:30pm this evening (Friday). A big THUMBS UP to those at this station for passing [...]

2 comments Friday 13 Mar 2009 | Posted By Patrick | Predictions

…but please lower your prices until you need to buy that more expensive gasoline! Folks- that Chicago discount is drying up fast as the Winter blended fuel (RVP 11.5) is sold at an alarming rate. Summer gasoline that pollutes less but costs more to produce is starting to be produced (RVP 9.0) and will slowly [...]

comments off Friday 13 Mar 2009 | Posted By Patrick | News

PetroChina said it had received government permission to build a new refinery in southern China to process heavy crude oil from Venezuela.The joint PetroChina and Venezuelan project will result in a refinery that can process 200,000 barrels per day, El Universal reported Friday.General Manager Jiang Jiemin of PetroChina’s parent company China National Petroleum Corp., said PetroChina would own …

comments off Friday 13 Mar 2009 | Posted By Patrick | News

MEXICO CITY -(Dow Jones)- Mexican mining and metals concern Industrias Penoles SAB (PE&OLES.MX) said Friday it has declared force majeure on contractual commitments as a strike at its silver and lead refinery continues into its second month.