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EU carbon rises; power prices up, oil down

Reuters -- European carbon emissions futures rose above 13 euros on Monday, as German power and UK gas prices rallied, while the market shrugged off a decline in U.S. industrial output, traders said.

EU Allowances for December delivery were up 15 cents or 1.16 percent at 13.05 euros ($17.94) a tonne at 1605 GMT, having dipped to an intra-day low of 12.87 euros. Volume was at 4,023 lots.

Spot EUAs on France's BlueNext were up 17 cents or 1.34 percent at 12.90 euros a tonne.

"Crude is weaker and equity markets were lower but German power and UK gas seem to be strengthening," an emissions trader said.

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Submitted Mar 15, 2010 By: Mudsprings

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NavyStore Champion Author Seattle Posts:2,692 Points:1,188,895 Joined:Aug 2005	Message Posted: Mar 16, 2010 1:33:42 AM Ignore NavyStore Report Abuse Trading 'Carbon Credits' on the open market is an interesting idea, but I'm not sure I agree with it.
DEG Champion Author Las Vegas Posts:12,833 Points:2,549,155 Joined:Jul 2003	Message Posted: Mar 15, 2010 10:43:45 PM Ignore DEG Report Abuse The US needs to avoid the carbon tax; it is just another mechanism that the government will use to rob even more from the public (you and me).
divebomber Champion Author Nebraska Posts:1,237 Points:847,640 Joined:Jun 2007	Message Posted: Mar 15, 2010 10:37:31 PM Ignore divebomber Report Abuse I hope oil goes downhill CONTINUOUSLY!
mstearno Champion Author Dayton Posts:3,596 Points:798,315 Joined:Jan 2008	Message Posted: Mar 15, 2010 10:35:48 PM Ignore mstearno Report Abuse jimgraham how is this not a tax when the president signs this?
jimgraham Champion Author Akron Posts:5,336 Points:1,007,555 Joined:Oct 2007	Message Posted: Mar 15, 2010 10:32:58 PM Ignore jimgraham Report Abuse It's all about raising money "without" raising taxes.
thriftymeCA Sophomore Author Oakland Posts:127 Points:31,075 Joined:Feb 2010	Message Posted: Mar 15, 2010 10:32:50 PM Ignore thriftymeCA Report Abuse Agree with Amtrgas!!!
Amtrgas Champion Author Oakland Posts:2,149 Points:788,010 Joined:Dec 2007	Message Posted: Mar 15, 2010 10:30:26 PM Ignore Amtrgas Report Abuse Carbon Credits and Carbon futures are a scam.
snofog All-Star Author Seattle Posts:623 Points:92,655 Joined:Jan 2010	Message Posted: Mar 15, 2010 10:27:49 PM Ignore snofog Report Abuse Well..
jjjleblanc Champion Author Rochester Posts:2,213 Points:627,015 Joined:Jun 2008	Message Posted: Mar 15, 2010 10:21:38 PM Ignore jjjleblanc Report Abuse It could be a different story tomorrow.
AJKPA Champion Author Pennsylvania Posts:3,785 Points:589,130 Joined:Oct 2008	Message Posted: Mar 15, 2010 10:11:19 PM Ignore AJKPA Report Abuse if it aint one its the other
AJKPA Champion Author Pennsylvania Posts:3,785 Points:589,130 Joined:Oct 2008	Message Posted: Mar 15, 2010 10:10:58 PM Ignore AJKPA Report Abuse oil down what another 2 cents
SSchmidty Champion Author Illinois Posts:4,341 Points:821,295 Joined:Mar 2008	Message Posted: Mar 15, 2010 9:06:14 PM Ignore SSchmidty Report Abuse Just more evidence that pig-oil & friends pay attention only to their $$$ and pricing
netman044 Champion Author Texas Posts:3,844 Points:646,060 Joined:Sep 2005	Message Posted: Mar 15, 2010 8:59:36 PM Ignore netman044 Report Abuse It is a mistake to trade in carbon futures. It will only subject carbon futures to speculative pricing, having nothing to do with their actual value.
tgolf All-Star Author Washington Posts:747 Points:158,795 Joined:Nov 2008	Message Posted: Mar 15, 2010 8:55:30 PM Ignore tgolf Report Abuse same all over
trallig Champion Author South Carolina Posts:2,629 Points:532,495 Joined:Mar 2003	Message Posted: Mar 15, 2010 8:54:49 PM Ignore trallig Report Abuse Talk about a scam ... anyone who buys a carbon credit deserves exactly what they get ... nothing.
scrounger Champion Author Vancouver Posts:8,444 Points:2,243,565 Joined:Mar 2003	Message Posted: Mar 15, 2010 8:48:35 PM Ignore scrounger Report Abuse a real farce
diatzikis All-Star Author Raleigh Posts:718 Points:196,855 Joined:Jul 2008	Message Posted: Mar 15, 2010 8:41:37 PM Ignore diatzikis Report Abuse what a joke. They setting price for something over 1/2 a year out.
dpt All-Star Author Michigan Posts:582 Points:1,386,690 Joined:Mar 2005	Message Posted: Mar 15, 2010 8:41:11 PM Ignore dpt Report Abuse I consider this to be on the topic of clean energy (or one attempt to create a market that provides it). Whether the method works or not remains to be seen, and such news articles are at least providing some feedback. Not sure the European market is looking like a big success, but it's early. Oh, and it does also mention oil prices. [Edited by: dpt at 3/15/2010 8:43:20 PM EST]
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 15, 2010 8:40:52 PM Ignore Rick52 Report Abuse December ??? That's Eight 1/2 months away !!!!
epf Champion Author Grand Rapids Posts:1,594 Points:926,825 Joined:May 2004	Message Posted: Mar 15, 2010 8:39:08 PM Ignore epf Report Abuse Agreed, no relevance
CarrottopNe Champion Author Lincoln Posts:1,025 Points:367,365 Joined:Jan 2009	Message Posted: Mar 15, 2010 8:24:57 PM Ignore CarrottopNe Report Abuse I agree, murphy50
murphy50 Champion Author Colorado Posts:2,608 Points:1,608,190 Joined:May 2004	Message Posted: Mar 15, 2010 8:17:43 PM Ignore murphy50 Report Abuse Not relevant here.
npt Sophomore Author Raleigh Posts:140 Points:35,795 Joined:Oct 2009	Message Posted: Mar 15, 2010 8:07:37 PM Ignore npt Report Abuse info.
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 15, 2010 8:04:18 PM Ignore jay4 Report Abuse Submission guideline #1:"Articles should be on the topics of gas prices, crude oil, clean energy, fuel efficient vehicles or related automotive articles."
emptytank08 All-Star Author Pennsylvania Posts:568 Points:611,575 Joined:Aug 2008	Message Posted: Mar 15, 2010 8:02:59 PM Ignore emptytank08 Report Abuse I think they take turns
VWC Veteran Author Maryland Posts:378 Points:648,940 Joined:Oct 2004	Message Posted: Mar 15, 2010 7:53:30 PM Ignore VWC Report Abuse Ditto, Kruk.
nightworker998 All-Star Author Maryland Posts:729 Points:303,835 Joined:Mar 2009	Message Posted: Mar 15, 2010 7:50:36 PM Ignore nightworker998 Report Abuse If a value can be applied to it ther is a market somewhere that will trade in it.
kruk Champion Author London Posts:2,843 Points:332,715 Joined:Jan 2007	Message Posted: Mar 15, 2010 7:43:54 PM Ignore kruk Report Abuse this is biggest scam ever - and all started with moron Al Gore - he can tell people on east coast or in Europe about global warming they will kill him on the spot
Fencemaker Champion Author Pittsburgh Posts:2,901 Points:718,475 Joined:Sep 2006	Message Posted: Mar 15, 2010 7:35:42 PM Ignore Fencemaker Report Abuse carbon emissions futures? there is a market for those?
dollarwatcher Champion Author Wisconsin Posts:3,012 Points:564,725 Joined:Mar 2007	Message Posted: Mar 15, 2010 7:29:54 PM Ignore dollarwatcher Report Abuse I'm more interested in pump price's.
uptherefiners Champion Author Chicago Posts:1,167 Points:273,975 Joined:Jun 2006	Message Posted: Mar 15, 2010 7:26:48 PM Ignore uptherefiners Report Abuse yawn
pgerassi Champion Author Milwaukee Posts:5,969 Points:1,171,220 Joined:Apr 2007	Message Posted: Mar 15, 2010 7:21:24 PM Ignore pgerassi Report Abuse If power is up in the US because of electric cars, there would have to be tens of millions of them. Its been a struggle to get thousands of them.
bbreff Champion Author Atlanta Posts:5,184 Points:1,641,070 Joined:Jun 2005	Message Posted: Mar 15, 2010 7:20:40 PM Ignore bbreff Report Abuse Prices need to drop on all energy products.
2granny Champion Author Michigan Posts:4,247 Points:490,000 Joined:Apr 2009	Message Posted: Mar 15, 2010 7:12:38 PM Ignore 2granny Report Abuse Power in the US will be up when we get the electric cars.
camel1 Champion Author Minnesota Posts:3,805 Points:1,331,500 Joined:Jul 2006	Message Posted: Mar 15, 2010 7:08:02 PM Ignore camel1 Report Abuse market fluctuate. What is new about it?
paoli8 Champion Author Philadelphia Posts:2,987 Points:932,660 Joined:Jul 2007	Message Posted: Mar 15, 2010 7:05:39 PM Ignore paoli8 Report Abuse Yep, its a scam.
hibsaw Champion Author Mississippi Posts:3,123 Points:718,050 Joined:Feb 2008	Message Posted: Mar 15, 2010 7:04:34 PM Ignore hibsaw Report Abuse The Cap and Tax needs to go.
mandoid Champion Author Colorado Springs Posts:2,894 Points:616,730 Joined:May 2008	Message Posted: Mar 15, 2010 7:01:40 PM Ignore mandoid Report Abuse what.a.scam.
garman87 Champion Author Austin Posts:1,290 Points:1,512,800 Joined:Aug 2005	Message Posted: Mar 15, 2010 7:01:28 PM Ignore garman87 Report Abuse Right on MINER, clear as mud.
Z51Corvette Champion Author Austin Posts:4,149 Points:805,980 Joined:Jan 2008	Message Posted: Mar 15, 2010 6:49:38 PM Ignore Z51Corvette Report Abuse Carbon Emissions Futures.... please this isn't even a commodity at least one I consider of any merit. This is insane!
carefrey All-Star Author Orlando Posts:985 Points:221,980 Joined:Sep 2009	Message Posted: Mar 15, 2010 6:48:55 PM Ignore carefrey Report Abuse It kind of mirrors how oil goes up for know reason at all!
BobbyVA Champion Author Virginia Beach Posts:1,472 Points:315,810 Joined:Jul 2009	Message Posted: Mar 15, 2010 6:37:18 PM Ignore BobbyVA Report Abuse Can't wait until Obama and the progressives get us into this European nightmare. Taxes will skyrocket.
Romey08 Champion Author Virginia Posts:1,954 Points:572,525 Joined:Apr 2008	Message Posted: Mar 15, 2010 6:33:56 PM Ignore Romey08 Report Abuse similar scenario in US were gas prices rise when oil is down
georgeo Champion Author California Posts:2,521 Points:102,835 Joined:May 2009	Message Posted: Mar 15, 2010 6:30:24 PM Ignore georgeo Report Abuse another green fairy tale. Oil is down because it was bid up too high.
jwduke1 Champion Author Iowa Posts:11,330 Points:2,222,360 Joined:Apr 2004	Message Posted: Mar 15, 2010 6:29:45 PM Ignore jwduke1 Report Abuse Very interesting!
MINER Champion Author Pittsburgh Posts:8,442 Points:2,472,170 Joined:Jul 2002	Message Posted: Mar 15, 2010 6:25:24 PM Ignore MINER Report Abuse Clear as mud...
rollma2 All-Star Author Montreal Posts:655 Points:155,355 Joined:Jul 2009	Message Posted: Mar 15, 2010 6:13:45 PM Ignore rollma2 Report Abuse well isn't this interesting.....