Gasoline Prices Rally Fades Amid Weak U.S. Demand
U S gasoline supplies fell by 6.4 million barrels to 202.8 million for the week ended Aug 8 fueling a short-term oil rally. Analysts cautioned the rise in price reflects tight refiners output as demand slows, with four week gasoline demand almost 2 percent below year-ago levels.
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New York
U.S
Auto Club Aaa
Oil Price Information Service
Wright Express
Energy Department
Energy Information Administration
Platts
Phil Flynn
Alaron Trading Corp
Chicago
EIA
American Petroleum Institute
Oil and energy prices rise for light crude and fuels
Light sweet crude jumped to 116 per barrel rising 2.99 as gasoline futures gained 0.0891 to 2.9323. Heating oil advanced 0.0589 to 3.1317 and natural gas increased 0.126 to 7.456.
Poet cellulosic ethanol plant to start in 2008
Poet LLC, the nation's top ethanol producer, said a pilot cellulosic ethanol plant in South Dakota should begin producing fuel from corn cobs and fiber by year end. The $4 million project at Scotland research center aims for about 20,000 gallons annually as Poet plans Iowa expansions to 125 million gallons per year, with 2011 startup anticipated for the Emmetsburg facility.
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Sioux Falls
S.D
Poet LLC
South Dakota
Scotland
Jeff Broin
Poet
Broin
American Coalition For Ethanol
Omaha
Neb
Brain
Emmetsburg
Iowa
U.S. Department of Energy
Department
Dallas man gets 17 1/2 years for pyramid scheme
James Ray Phipps, 60, of Colleyville, convicted on 19 counts in a Life Without Debt pyramid scheme, sentenced to 17 1/2 years in federal prison. From 1998 to 2006 he drew at least $25 million from more than 30,000 participants. investigators say over 90 percent lost their money. Also mentions GM Volt battery work and AA military baggage policy.
MENTIONED IN THIS ARTICLE
Dallas
James Ray Phipps
Colleyville
Phipps
Wal-Mart to invest up to 1.12B in Brazil expansion
Wal-Mart Stores Inc will invest at least 1 billion and as much as 1.12 billion dollars to grow in Brazil, opening 80 to 90 new stores starting in 2009. The plan follows a meeting in Brasilia between CEO Craig Herbert and Brazilian President Lula da Silva.
MENTIONED IN THIS ARTICLE
Brasilia
Brazil
Wal-Mart Stores Inc
Latin America
Craig Herbert
Wal-Mart
Luiz Inacio Lula da Silva
THE
Associated Press
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Poetenergy.com
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Traverse City
Mich
General Motors Corp
Noth
Ing
Andrew Farah
Volt
Military
Fort Worth
American Airlines
American
Vrceek Iil
Odessan
2Nd. St
Advanced Sleep Center
Fisher Paykel
Faudree Road
Odessa
Kenneth W. Higgins
Michelle Anderson
Rdh
Wed & Sur
Industriale Midland
Texas
Bairds
Ruaga
Seltet
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