Plastic2Oil Inc (PTOI)

[Justice37]

Haven't looked at the boards for a week so I apologize for the delay in getting back to you.

You need to understand that JBI used Somerset as part of their initial research in finding out if there was a market for the fuel. There was never an announcement that they were going to sell the fuel to Somerset, they announced that once they start selling fuel they should be able to get WTI -3, the fact is that once they were up and running and were able to sell fuel they got far more than that. The difference is that the first quotes were received at the early stage of the business before they were able to go into full production and a later stage when they were up and running. There is a difference, I'm able to see it and so do other longs.

So he got more than that by selling some product from the blending plant.

Am I correct in assuming that you believe the fuel initially sold was not P2O produced and was fuel they purchased from another source and then sold again. I have no desire to waste time discussing this conspiracy theory. Go into the filiings and find when JBI were given permission to blend and sell fuel from the blending site, it was well after the initial fuel was sold.

Take a look at the time the blending plant initially went bankrupt, then take a look at what happened to fuel laws and the differences between Canada and the US. You'll find your answer. In regards to JBI purchasing the blending site, several years later, they paid very little, (I believe under $150,000 from a shareholder), far easier to make a profit if that is your initial cost. There are hundreds of blending sites in North America, how do you think they make a profit, they buy from refineries, blend, then sell for a profit, different times now, the current blending site can make a profit just like the others.

I see that you are suggesting that they sell to a refinery which means they sell fuel that does not need to be refined so I'm not fully understanding your logic. If they sold it anywhere they would have to sell directly where they could or to a refinery with blending capabilities or a blending facility. You do understand that they would sell to a refinery for less money and sell to a blending facility for more, I suggest that keeping those profits, refining the fuel, and selling it for more would be better.

And you state that half of all crude oil is bought at WTI?

Dude, you said that, not me, I never said WTI in regards to half of all crude oil is bought at the price, it is bought at full crude prices. Here's an article, note that at that time more than half of all oil used by big oil companies was purchased at current full crude prices, now it's less than half. I really liked all the hard work you did explaining the spot price and it would have been really interesting to read but not with this particular subject.
http://money.cnn.com/2007/11/05/news/companies/exxon_oil/index.htm

And they signed a couple of supply deals with Green fuel companies... so what?

Since many said they would never be able to sell their P2O fuel for any price I think that it's a good thing. I filled up at an XTR recently, they don't sell green fuel, they sell road gasoline and diesel. They don't list themselves as a green company when you drive in the station. Did you know that companies like Shell and Exxon have invested a lot of money in alternative "green" fuels, does that make them green companies too.

Your post is generally incoherent.

Can't tell you how much I don't care that you feel that way.