Replies to post #106918 on Plastic2Oil Inc (PTOI)

[techisbest]

Market prices...

Crude oil for June delivery fell $1.81, or 1.6 percent, to $109.24 a barrel on the New York Mercantile Exchange. Prices have slipped 4.1 percent this week.

THOROLD, Ontario, May 9, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company" or "JBII") (OTCQX:JBII) announced today that Oxy Vinyl Canada, a wholly owned subsidiary of Occidental Petroleum (NYSE:OXY - News), has agreed to purchase JBI's low sulphur heating oil for $109.80 per barrel. Low sulphur heating oil is a product of our Plastic2Oil(TM) process. Under the terms of the agreement, the first order of approximately 214 barrels of low sulphur heating oil is expected to be delivered this week.

Very nice.

[Justice37]

So this means JBI is only making a 1000% profit, ya know, I can live with that. Thanks for the link, makes JBI's deal look great.