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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:3,768 Points:1,658,815 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:15,397 Points:3,054,380 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:3,709 Points:1,344,340 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:5,867 Points:1,286,185 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:7,960 Points:1,512,945 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:2,551 Points:1,229,530 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:4,344 Points:1,099,400 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:36,150 Points:1,095,530 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:36,150 Points:1,095,530 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:6,953 Points:1,323,635 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:5,291 Points:893,660 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 Champion Author Washington Posts:1,325 Points:337,370 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:2,654 Points:536,470 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:9,635 Points:2,647,145 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:947 Points:290,260 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 Champion Author Michigan Posts:1,458 Points:1,810,745 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:9,417 Points:737,260 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:3,943 Points:1,425,205 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:368,415 Joined:Jan 2009	Message Posted: Mar 15, 2010 8:24:57 PM Ignore CarrottopNe Report Abuse I agree, murphy50
murphy50 Champion Author Colorado Posts:5,140 Points:2,104,120 Joined:May 2004	Message Posted: Mar 15, 2010 8:17:43 PM Ignore murphy50 Report Abuse Not relevant here.
npt Veteran Author Raleigh Posts:250 Points:90,680 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:662 Points:1,055,430 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:450 Points:730,490 Joined:Oct 2004	Message Posted: Mar 15, 2010 7:53:30 PM Ignore VWC Report Abuse Ditto, Kruk.
nightworker998 Champion Author Maryland Posts:1,179 Points:507,215 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:2,996 Points:349,325 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:3,064 Points:946,175 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:5,555 Points:1,067,345 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:3,313 Points:682,045 Joined:Jun 2006	Message Posted: Mar 15, 2010 7:26:48 PM Ignore uptherefiners Report Abuse yawn
pgerassi Champion Author Milwaukee Posts:8,511 Points:1,664,925 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:7,642 Points:2,127,990 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:7,145 Points:998,425 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:6,045 Points:1,815,440 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:4,900 Points:1,377,410 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:5,666 Points:1,213,990 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:5,037 Points:1,083,080 Joined:May 2008	Message Posted: Mar 15, 2010 7:01:40 PM Ignore mandoid Report Abuse what.a.scam.
garman87 Champion Author Austin Posts:2,357 Points:1,942,175 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:6,156 Points:1,224,540 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 Champion Author Orlando Posts:3,352 Points:717,375 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:3,426 Points:746,965 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:4,232 Points:1,024,250 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:4,172 Points:178,915 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:13,850 Points:2,722,690 Joined:Apr 2004	Message Posted: Mar 15, 2010 6:29:45 PM Ignore jwduke1 Report Abuse Very interesting!
MINER Champion Author Pittsburgh Posts:8,960 Points:2,585,815 Joined:Jul 2002	Message Posted: Mar 15, 2010 6:25:24 PM Ignore MINER Report Abuse Clear as mud...
rollma2 Champion Author Montreal Posts:1,181 Points:261,125 Joined:Jul 2009	Message Posted: Mar 15, 2010 6:13:45 PM Ignore rollma2 Report Abuse well isn't this interesting.....