 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 7 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 14 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 14 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
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Chicago to Build $3 Billion Coal Gasification Plant
The Chicago Clean Energy project is a gasification plant which will produce synthetic natural gas from coal and petroleum coke. The facility will cost about $3 billion and is estimated to create more than $10 billion in economic output for the state of Illinois, 2,000 new jobs, and $1.25 billion in tax revenues.
The natural gas produced will equate to about five percent of Illinois’ annual demand, and provide a fuel source to be used in power plants which is 99 percent cleaner than that used in conventional power plants.
The project will also include a carbon capture system intended to trap 85 percent of the carbon dioxide produced during the gasification process; making it one of the cleanest facilities in the world.
By producing natural gas locally, Chicago energy consumers are expected to save more than $1 billion over the next 30 years.
By. Charles Kennedy of Oilprice.com
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I suspect before, and that this plant will end up being a white elephant for the tax payers while enriching a few well-placed industrialist speculators who are right now hoping nobody reviews their numbers in light of the current natural gas glut which is projected to continue for the foreseeable future....