Word: deliveryism
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On the second-to-last trading day for the February 2009 contract at the New York Mercantile Exchange (NYMEX), oil settled with over a $22 spread between the February 2009 and February 2010 contracts. In other words, if a company bought oil on the February 2009 contract, stored it for...
As of Jan. 9, inventories at Cushing, Okla., where NYMEX sets delivery on its contracts, had climbed to 33.5 million barrels. NYMEX, however, estimates a capacity of 47.5 million barrels, so Cushing is presumably not at full capacity.
mail possibility of no delivery of on Saturdays, or maybe Tuesdays
This news is likely to be the buzz at the National Biodiesel Conference, which convenes in San Francisco on Feb. 1. Given how record diesel-fuel costs literally drove up food prices last year--tractors and delivery trucks run on diesel--suppliers hope the new Administration will consider jatropha as...
If you are to do Hong Kong the Noble House way, you must dispense with the fashionable but frivolous side trips that have crept onto the tourist itinerary in the past decade, during which the city has tried to be less of a conscienceless cosmopolis and more of a balanced...