Isn't it amazing how the futures go up $12 a tonne and the DPC goes up $5. Yes I know that the basis will widen but everytime we seem to get 1/2 to 3/4 of the futures rise. Not only that but watching the US basis, it has stayed pretty level. No wonder the DPC is over a $1 a bus less. We need the PPO seperated from the pool. When we sign up our permit books we sign up for the pool or PPO's. No adj factor, no basis risk, no 650000 tonne sign up limit.
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DPC rip off
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Cash Prices
Location 12/31/07 1/31/08 2/29/08 3/31/08 5/31/08 NC SP WHT
Minot 10.33 10.35 10.40 10.40 10.03 7.75
Bowbells 10.38 10.40 10.45 10.45 10.08 7.80
Mohall 10.33 10.35 10.40 10.40 10.03 7.75
Ryder 10.33 10.35 10.40 10.40 10.03 7.75
Niobe 10.30 10.32 10.37 10.37 10.00 7.72
Norma 10.33 10.35 10.40 10.40 10.03 7.75
Lignite 10.30 10.32 10.37 10.37 10.00 7.72
Velva 10.33 10.35 10.40 10.40 10.03 7.75
Their still taking $1.00 to pad the Pool Accounts.
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