Oil

News bytes: Diesel prices, Driving sans pants, Willie’s Place to be Petro

Commodities speculation back in the spotlight  The commodities futures positions limits problem is back in the TV news via a series on liberal populist host Ed Schultz' "Ed Show" this week. The first spot in the series distilled the history of the elimination of position limits that I've written about some over the years, most recently in a discussion of the Griftopia book as oil/diesel prices continued their long rise, which began late last summer in ...

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Revisiting the oil bubble, as diesel continues up, up, up

In the July 2008 issue of Truckers News, I reported on huge and speculative, long-only investment positions in commodities markets then contributing to the dramatic rise in crude oil and other commodities prices. Oil topped off at an historic high of near $150 a barrel that month, and if you were around trucking then I don't need to tell you what that did to diesel prices. Well, it seems that investor speculation in commodities indices, driving ...

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Rotella SuperRigs calendar now available…

On the cover of the annual Shell Rotella SuperRigs calendar this year is the custom 2007 Kenworth W900L of Myerstown, Pa.-based Scott Diller. Featured also on the December 2011 page in the calendar, Diller's clearly going for an old-school '70s hot-rod look with the truck's mods, which include 34-inch quarter fenders and smooth side panels. The photo's tranquil setting is Mateer Bridge in Rockbridge County, Va., where the 12 trucks were photographed after Shell held ...

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Joy of sharing — win some diesel oil, Nascar VIP tickets, maybe a portable toilet?

A new sweepstakes put on by Shell Rotella opened today and is asking drivers to share what they feel is the toughest road in America by the end of August. The company's "Road-Tested Challenge," in exchange for operators' stories, offers a chance for drivers to win a VIP NASCAR experience with Richard Childress Racing, along with hundreds of instant prizes, including Shell Gift Cards and Shell Rotella-branded merchandise. Click here for the sweepstakes entry page -- no purchase ...

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When oil abounds, prices fall

Plug the low price of diesel and gasoline into the supply-and-demand formula, and it tells you supplies are plentiful. True enough, and they’re getting more plentiful by the day. U.S. commercial crude oil inventories jumped 6.2 million barrels from the previous week, almost twice what was expected, according to Wednesday’s report from the U.S. Energy Department. That’s thanks to the anemic world economy, which is requiring less energy. At this week’s NATSO Show 2009 in Nashville, truck ...

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