Yes, that's them. This was the article I mentioned (though I'm sure there are a bunch of others about them as well). Without knowing what patents/technology/assets were actually bought, comparing that 500m to what a lot less exciting startups are being valued at these days, seems like a low number

Hi,I am new to Oil. Would like to know what should be used for getting futures quotes for futures in Reuters.There seem to be a Reuters RIC chain 0#CL:Is this the one we should use to get the futures quotes? As an example does RIC CLc1 correspond to NYMEX code CLQ14 (Aug '14) and RIC CLc2 correspond to NYMEX CLU14 (Sep '14) Also is there a Reuters RIC chain called 0#WTI: ?ThanksThusi

Hello.Well there are many many different crude oils depending on characteristics such as sulfur content (sweet / sour) or API gravity (super heavy / heavy / medium / light ) ...In Reuters classification, #CL: is the same as #WTCL: . It gives the chain of WTI futures contracts (WTI standing for Western Texas Intermediate) that is the reference futures for the US.Now, #0LCO: ("London Crude Oil' ?) gives the chain of futures for Brent futures quoted in London.

Hi TagomaThanks for thatThusi

Excluding any sudden development of a new energy source -- say, cheap fusion energy -- I think it will be another 30-50 years before petroleum becomes less important. While alternative fuels and energy production exist, they have not yet proven to be economical and, to the surprise of some, come with their own hidden costs.Making clean electricity -- that is, without polluting exhaust -- is easy. Nuclear power plants do that already. But they're costly, almost impossible to build due to regulation, and suffer from NIMBY (Not in My Back Yard). Wind power can produce energy, but suffers from the same lack of efficiency, regulation, and NIMBY problems. Solar works... when the Sun shines. But batteries to store the generated electricity are inefficient and filthy to manufacture. All of these technologies will improve over time. They will become economical when the price of producing oil increases greatly over current prices. Until then, oil is reliable, relatively cheap, and well-understood.MCX Commodity Tips

QuoteOriginally posted by: pakhijain19Excluding any sudden development of a new energy source -- say, cheap fusion energy -- I think it will be another 30-50 years before petroleum becomes less important. While alternative fuels and energy production exist, they have not yet proven to be economical and, to the surprise of some, come with their own hidden costs.Making clean electricity -- that is, without polluting exhaust -- is easy. Nuclear power plants do that already. But they're costly, almost impossible to build due to regulation, and suffer from NIMBY (Not in My Back Yard). Wind power can produce energy, but suffers from the same lack of efficiency, regulation, and NIMBY problems. Solar works... when the Sun shines. But batteries to store the generated electricity are inefficient and filthy to manufacture. All of these technologies will improve over time. They will become economical when the price of producing oil increases greatly over current prices. Until then, oil is reliable, relatively cheap, and well-understood.MCX Commodity TipsLooks like something got through the spam filter?

Crude Oil mini flash crash:

QuoteOriginally posted by: outrunthat's *such* a typical predictable oscillation, you see it al lot.is that really so common with energy commodities? (no cynism, just a question)

QuoteOriginally posted by: outrunQuoteOriginally posted by: tagomaQuoteOriginally posted by: outrunthat's *such* a typical predictable oscillation, you see it al lot.is that really so common with energy commodities? (no cynism, just a question)I only know it from stock markets... We used to look closely at outliers during the start of the trading day, and at some point I started printing and archiving these oscillations. You see them a lot in mergers/acquisitions. I think it's caused by traders responding at different speeds and some form of synchronisation. In energy markets spikes are not always caused by trader behaviour, but often by supply / demand distortions?my 2-cent, energy prices are essentially a mix of S/D balances and political (military) risk. Not really actual current situation but perception of it + anticipation of future possible fundamentals and possible future risk.

We have seen speculators (managed money) reducing their net long positions on WTI lately, starting last June. Do you remember what did trigger their decision to cut their long few months back?

Brent - WTI spread

QuoteOriginally posted by: tagomaBrent - WTI spreadit is indeed spread. it can be smeared as well.

QuoteOriginally posted by: daveangelQuoteOriginally posted by: tagomaBrent - WTI spreadit is indeed spread. it can be smeared as well.WTI Crude Oil Surpasses Brent for First Time Since 2013