Monday, April 14, 2014

Futures: Brent Is Surging -- Up Almost 2%, Nearing $110; WTI Holding Steady; Random Update On Advanced Biofuels

Futures mean squat, but ....

... a dynamic link that will change over time.

With oil solidly over $100, we can't get inexpensive biofuels fast enough. Fortunately, the Spaniards have answered the call. The New York Times is reporting:
There is an old joke in the energy business that advanced biofuels are the fuel of the future, and always will be.
A Spanish company, Abengoa Bioenergy, has bet $500 million on robbing that joke of its punch line. In the middle of a cornfield here it is building a 38-acre Erector set of electrical cable and pipe that will soon begin producing cellulosic ethanol, which it calls a low-polluting alternative to petroleum products. This is just as the George W. Bush administration and Congress intended seven years ago with legislation promoting energy independence.
But even as Abengoa and other companies prepare to produce significant amounts of cellulosic ethanol, using corn stalks and wheat straw as opposed to corn itself, the appetite for such fuels seems to be diminishing.
Never mind. I missed that last line the first time reading the article: "... the appetite for [biofuels] seems to be diminishing."

It looks like the "old joke in the energy business about advanced biofuels" will be around for awhile. LOL.

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A Note to the Granddaughters

Grammy returns to Grapevine tomorrow after being gone for about two weeks. It will be very, very good to have her back.  I sense a "but."

But I'm going to have to give up the man-cave experience. Wow, what an incredible two weeks. Up most mornings by 5:00 a.m. for four hours at Starbucks. The rest of the day revolved around responsibilities with the granddaughters. The day concluded with a Omaha Steak dinner most nights.

So, tonight/tomorrow: vacuum cleaner through the house. Haircut. Straighten up the living room. And the kitchen.

Probably less blogging. The time at Starbucks will be slightly less. Maybe only two hours at Starbucks and then I bicycle back home to pick Grammy up and take here to breakfast at a wonderful coffee/pastry shop on Main Street in Grapevine.

Worse: I'll have to share time with the granddaughters with Grammy.