Board Type: Semi-PrivateAdmins: Soda


Our fund raising round was not successful.  As a result, IDB will be going off line and into cold storage.  If our competitors should stumble, I may re-active the site in the future but for now, we're turning out the lights.

I had planned to go off-line on April 4th.  Due to some important and unplanned changes in our maintenance schedule, I am now bumping that up to next Tuesday morning, March 27th, 2018.  PM 'admin' if you need to reach me. 

You should use the next 5 days to find a new home for your community.

Running IDB has been fun over the years and I hope you enjoyed your time here as well.  Sincerely,  Paul

P.S. News on IDB Funding -- this is now on it's own page to clean up the site a bit.

18 MINUTES AGO U.S. crude prices rise on returning refineries; gasoline slumps to pre-Harvey levels Henning Gloystein

SINGAPORE (Reuters) - U.S. oil prices edged up on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock.

The return of many U.S. refineries also ended a spike in gasoline prices, as initial fears of a serious supply crunch faded.

U.S. West Texas Intermediate (WTI) crude futures Clc1 were at $47.41 barrel at 0255 GMT, up 12 cents, or 0.3 percent, from their last settlement.


Gasoline futures RBc1, by contrast, fell 3.5 percent from their last close, to $1.68 per gallon, down from $2.17 a gallon on Aug. 31 and back to levels last seen before Hurricane Harvey hit the U.S. Gulf coast and its large refining industry.

“Gasoline fell as refineries in Texas began to reopen,” said William O‘Loughlin, investment analyst at Rivkin Securities.

Texas on Monday edged towards recovery from the devastation of Hurricane Harvey as shipping channels, oil pipelines and refineries restarted some operations.

The Department of Energy said that eight U.S. oil refineries with a total of 2.1 million bpd, or 11.4 percent of total U.S. refining capacity, were still shut down as of Monday afternoon.

Harvey hit the Texan coast late on Aug. 25 and at its peak knocked out almost a quarter of the entire U.S. refining capacity.


In international oil markets, Brent crude futures LCOc1 dipped 19 cents, or 0.4 percent, to $52.15 a barrel as traders pulled money out of oil - seen as a riskier asset - and instead poured it into gold, an investor safe-haven, following North Korea’s most powerful nuclear test to date.

For a graphic on Harvey's energy impact, click:

Reporting by Henning Gloystein; Editing by Joseph Radford and Richard Pullin