The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: John Carragher who wrote (5601)	1/3/2003 10:19:45 AM
From: Maurice Winn	Read Replies (2) of 12231

<Methanol is also subsidized by federal government to a tune of five cents a gallon> Hi John. I think that's ethanol getting the subsidy. Methanol is produced from natural gas, not farm products. Unless something is going on that I don't know about. The ethanol is used as a petrol blend component with a view to reducing emissions of unwanted muck from vehicles. Methanol isn't used in petrol these days because it's too expensive. aspships.com Methanol is used to produce MTBE [methyl tertiary butyl ether] which is an octane improver and pollution reducer for vehicle fuel. But MTBE is becoming unwelcome due to its own environmental effects. manufacturing.net Old article on wholesale prices: <Buyers responding to Purchasing Magazine's monthly chemical transaction price survey saw some dramatic upward movement in methanol prices this year. Prices averaged about 36¢/gal for contracts and about 44¢/gal on the spot market in the first few weeks of the year, and then began rising. For the first quarter, prices averaged 45¢/gal (contracts) and about 51¢/gal (spot tags). Higher energy costs during second quarter 2000 gave producers additional momentum to raise methanol prices. Rising crude oil and natural gas costs raised the floor on methanol pricing and brought contract price averages up to about 55¢/gal, while spot tags surged to about 62¢/gal, according to buyers' data. With energy costs remaining high throughout the third quarter, producers have continued to propose price hikes and market prices have continued to climb. Third-quarter prices averaged 62¢/gal for contracts and around 66¢/gal on the spot market. In September, spot prices reached an average of 69¢/gal, say buyers.> It would be better to use it directly in fuel cells than convert it to MTBE then blend into petrol. Because of methanol's linkage to petrol prices via the MTBE connection, methanol should always be comparable with petrol and therefore competitive if vehicle fuel cell technology is made cheap enough and good enough. Mqurice

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