Replies to post #9120 on Plastic2Oil Inc (PTOI)

[rpg101]

I can't comment on revenue forecasts, but you should base your calculations on the spot prices, not on the oil barrel, it is a few percentage points higher. We will not produce oil, but a refined product. Bio-diesel for example is also sold to refineries based on diesel spot price. As you know spot price changes hundreds of times a day and reflects the underline barrel of oil plus some percentage. Bloomberg gives a real time spot price here: http://www.bloomberg.com/markets/commodities/energyprices.html

I do also believe oil price has nowhere to go but up as the world comes out of the recession, but that is my personal opinion.

No one really knows how much waste plastic is out there. For example the UK estimates 3 million tons of waste plastic every year ( http://www.wasteonline.org.uk/resources/InformationSheets/Plastics.htm ).

Assuming similar waste rates in the US, considering the UK has a population of 61 million and the US 300 million, the US waste plastic should be running around 15 million tons/year. Now you can better do your estimates of the potential P2O market. Just remember that no company starts at full speed and there is competition both from plastic recycling and P2O (good or bad doesn't matter here), the recovery rate will never be 100%, so the available supply it will always be substantially lower.