http://www.petroleumtraders.com/news.aspx Petroleum Traders news http://bit.ly/4WDzec 2010 Gas Prices - Will they hit $4.00 a gallon? Let us know your opinion http://www.facebook.com/pages/Fort-Wayne-IN/Petroleum-Traders-Corporation/210212361392 Petroleum Traders @ Facebook http://www.twitter.com/petroleumtrader Petroleum Traders @ Twitter http://bit.ly/10p13u Petroleum Traders is currently seeking a Derivatives Trader with experience in the packaging and marketing of finished petroleum products using physical and futures markets to package pricing programs for the marketing efforts of our inside sales force. Experience in buying and selling Basis and Fixed Pricing Swaps, along with strong contact with large brokers and major oil companies desired. Please send resume to jobs@petroleumtraders.com. http://bit.ly/16mb4X Petroleum Traders is currently searching for an experienced Barge or Rail Trader for finished petroleum products. Experience in importing fuel from Canada or other countries would be of additional value. Please send resume to jobs@petroleumtraders.com. http://bit.ly/36kssQ Do you want to turn your sales talent into a six figure income? We are in need of talented sales individuals to join our team at Petroleum Traders Corporation. Our firm is a high energy, rapidly growing leader within the oil industry. The ideal candidates will have a minimum of 2 years recent SALES experience with proven success, excellent organizational skills, a demanding work ethic and the ability to quickly close sales to new customers. We want individuals with the ability to overcome customer objections, and to convert buyers into Petroleum Traders customers. This position is primarily inside sales, though some travel and outside sales will be required. Email your resume to jobs@petroleumtraders.com. http://www.petroleumtraders.com/news.aspx Fuel costs have doubled in the last year, and the impact has been severe on available credit balances. As credit lines become strained, customers seek alternatives to increase their ability to buy more product. A letter of credit is an easy way for you to achieve or increase a credit line. For qualified customers, Petroleum Traders may pay a portion or all of the financing fee associated with a letter of credit. Contact a sales representative today to learn more about this and other alternative credit solutions. http://www.petroleumtraders.com/news.aspx Petroleum prices continue to fall. Distributors' exposure to both accounts receivable and aggregate bad debt dollar potential are also falling. Conversely, bad debt exposure in the overall market place continues to rise. SemFuels, Flying J and Lyondell are three large oil industry bankruptcy filings. Interest rates in theory are down, unless you have come to the end of an expiring term loan, in which case the rates are rising significantly. Unemployment continues to rise. The amount of quality unemployed is also rising. The opportunity to add new staff for significant growth is present. Fuel supply, fuel sales, fuel paper management (Trading) positions are available within our firm. Petroleum Traders remains a growth company. Contact us if you recognize yourself as a talented and productive professional in any of these areas. http://www.petroleumtraders.com/news.aspx Down seems to be the prevailing direction of most markets. Oil and gas prices continue down. The Dow continues down. The global economy figures continue to fall. In the opposite direction but with equal negative impact, unemployment continues to rise. The number of countries that initiate and re-initiate hundreds of billions in currency support for failing banks and industries is increasing on a weekly basis. The fact that we have a new president elect and reduced interests rates seemingly has no immediate impact. If the downstream oil industry previously believed there was little if any connection between rising oil prices and supply and demand, they are now witnessing a true demand relationship with oil prices. Both are down significantly and prospecting to fall farther. The oil industry has a production and distribution system that fails to recognize first, that it does not sell product, and secondly, that it cannot create consumption in this falling economy regardless of the price of oil. Looking at the logistical reality of refining and production, it is illogical to assume the industry will truly curtail the volume of product in the marketplace fast enough to prevent the price from continuing to fall. The last and most difficult for all of us in the industry (both buyers and sellers) is the growing and extreme volatility of intra-day prices. Price management has become a daily requirement. http://www.petroleumtraders.com/news.aspx The ripples from rapidly increasing fuels costs are being felt by every major industry in the United States. Trucking companies are among those getting hit the hardest, as historically successful companies search for solutions to stay profitable. Firm prices allow you to take the volatility out of the market while giving you a price protection and guaranteed supply. Inquire today about how price management can work for your company. http://www.petroleumtraders.com/news.aspx As the Dow Jones rebounds from approximately 6,500 to 8,200, many Americans ask themselves “has the economy really improved?” Unemployment rates do not suggest so, as they continue to rise. Many financial experts suggest that the worst is yet to come, and that the 3rd quarter of 2009 will be the real proving ground for which companies will pull through this recession. Big automotive may set the tone for other industries poised for downfall, to include the manufacturers, distributors, and carriers that support those industries. As the number of unknown economic variables grow, you have the ability to have absolute control over one critical variable – your price. In 2008, Southwest Airlines was one of the most noted Airlines in news articles because of their decision to control their fuel costs long before the peak we saw in the summer of 2008. Hedging fuel prices is not about knowing what will happen, it’s about knowing what has happened in the past (combined with what could happen), and taking action on that knowledge. Contact us at 260-207-6338 to learn more about price management. http://www.petroleumtraders.com/news.aspx There are 15 refineries in Texas and Louisiana with a capacity of 3.9 million barrels per day (22% of US capacity) that remain closed due to issues related to the hurricane. The major problem in these refineries resuming operation will be dependent on when electricity is restored. This could be anywhere from 1 to 4 weeks depending on the area. Since these refineries first shut down ahead of the first storm, Gustav, there has been approximately 24 million barrels of refined products that have not been produced. This breaks down into about 11 million barrels of gasoline and 8 million barrels of distillate. The gulf coast, to include the greater Houston area, is the largest supply point for liquid barrels in the U.S. Currently there are roughly 3,000,000 people without power. Additionally, because of reduced refinery capacity, Colonial,Plantation, and Teppco pipelines are running at reduced rates. As product remains in short supply in the deep southern states, carriers are heading farther north to pull product. This puts extra supply burden on those terminals, and suggests things may get worse before they get better. http://www.petroleumtraders.com/news.aspx •Crude Oil descends from $147/barrel high to a low of $116/barrel in less than one month. • Refinery margins reflect crack spreads falling from over $26/barrel one year ago, to a low of $2/barrel recently. ◦Western Refining reports that refining profits are down 92% from the same quarter last year. ◦Sunoco reports refining profits down 80% from same quarter last year. ◦ Delek reports net profits down 86%. •Sem Crude LP files bankruptcy and send shockwaves of credit fears relating to the SemGroup. Marketplace rumors abound that speculative trading in derivatives is suspected as the cause for the meltdown. The US Government is pursuing, attempting to limit speculative trading even as Funds participate in record high volumes of oil trading. Funds prospered dramatically in a market that reflected stories of $250/barrel and possibly $300/barrel crude oil in the event of a Mid East war. Many of these same funds experienced huge losses when the market abruptly turned down.