Tag Archives: ETP

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An Investor's Look at Obama's Pick for Energy Secretary

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By Aimee Duffy and Tyler Crowe, The Motley Fool

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On Tuesday, Ernest Moniz testified in front of the Senate Energy and Natural Resources Committee in hopes of being confirmed as the next U.S. Energy Secretary. Given that there seems to be bipartisan support for him taking up the position, investors should know where he stands on key issues. In this video, Fool.com contributor Aimee Duffy talks to fellow contributor Tyler Crowe about the decisions Moniz will face when he takes up the post, like whether or not the U.S. should export natural gas, and whether alternative energy companies should be allowed to utilize the master limited partnership business structure.

Master limited partnerships like Energy Transfer Partners dominate the midstream industry and delight investors with their high yields. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you’re invited to check out The Motley Fool’s premium research report on the company. Simply click here now for a thorough expert analysis of this midstream company.

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From: http://www.dailyfinance.com/2013/04/11/an-investors-look-at-obamas-pick-for-energy-secret/

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Closing of Common Unit Offering

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By Business Wirevia The Motley Fool

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Energy Transfer Partners Announces Closing of Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced that its previously announced public offering of 13,800,000 common units representing limited partner interests at $48.05 per common unit, which includes 1,800,000 common units purchased pursuant to the full exercise of the underwriter’s option to purchase additional common units, has closed. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes.

Barclays Capital Inc. acted as the underwriter. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering has been made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc.

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Pricing of Common Unit Offering

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By Business Wirevia The Motley Fool

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Energy Transfer Partners Announces Pricing of Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced it has priced a public offering of 12,000,000 common units representing limited partner interests at $48.05 per common unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes. The offering is scheduled to close on April 10, 2013. ETP also granted the underwriter a 30-day option to purchase up to an aggregate of 1,800,000 additional common units.

Barclays Capital Inc. is acting as the underwriter. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free when they are available by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

ETP Floats New Unit Issue

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By Eric Volkman, The Motley Fool

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Energy Transfer Partners has launched the issue of 12 million common units in a public offering. Additionally, the company’s underwriter has been granted a 30-day purchase option for an additional 1.8 million units. 

ETP did not specify the pricing or the exact timing of the offer. The firm’s closing unit price on the day the issue was announced stood at $50.35.

The company said it would utilize the net proceeds of the offering to retire debt drawn from its revolving credit facility, and for “general partnership purposes.”

Barclays unit Barclays Capital is the underwriter of the issue.

The article ETP Floats New Unit Issue originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Common Unit Offering

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By Business Wirevia The Motley Fool

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Energy Transfer Partners Announces Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced it has commenced a public offering of 12,000,000 common units representing limited partner interests, with a 30-day option for the underwriter to purchase up to an additional 1,800,000 common units. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes.

Barclays Capital Inc. is acting as the underwriter. A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free when they are available by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. ETP‘s general partner is owned by …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The 3 Most Improved Midstream Companies

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By Aimee Duffy, The Motley Fool

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It has been a great 2013 for the midstream industry. Most of the companies in this subsector are outperforming the S&P 500 through the first quarter of this year. In this video, Motley fool contributor Aimee Duffy takes a look at three companies that had a brutal 2012, but have since watched their share prices rise significantly over the first quarter. Two of the companies Aimee looks at have already made up for last year’s losses, while the third has gone beyond that, trading at a 52-week high.

Energy Transfer Partners is another company that has rebounded well in 2013. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you’re invited to check out The Motley Fool’s premium research report on the company. Simply click here now for a thorough expert analysis of this midstream company.

var FoolAnalyticsData = FoolAnalyticsData || []; FoolAnalyticsData.push({ eventType: “TickerReportPitch”, contentByline: “Aimee Duffy“, contentId: “cms.28802”, contentTickers: “NYSE:BPL, NASDAQ:MMLP, NYSE:NS”, contentTitle: “The 3 Most Improved Midstream Companies”, hasVideo: “True”, pitchId: “61”, pitchTickers: “NYSE:ETP“, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The 3 Worst Midstream Companies

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By Aimee Duffy, The Motley Fool

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The midstream industry transports and processes North America‘s oil and natural gas. As production has soared, so too have shares of our favorite midstream companies. The majority of plays in this energy subsector are performing in line with or above the return of the S&P 500. In this video, Motley Fool contributor Aimee Duffy looks at the three poorest performers in the midstream industry through the first quarter of this year.  

The surge in oil and natural gas production from the fracking movement is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates an immensely profitable opportunity for midstream companies. Energy Transfer Partners is a company that helps alleviate the glut in supply with its 23,500 miles of transformational pipelines. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you’re invited to check out The Motley Fool‘s premium research report on the company. Simply click here now for a thorough expert analysis of this midstream company.

var FoolAnalyticsData = FoolAnalyticsData || []; FoolAnalyticsData.push({ eventType: “TickerReportPitch”, contentByline: “Aimee Duffy“, contentId: “cms.28800”, contentTickers: “NYSE:WPZ, NYSE:OKS, NYSE:EEP”, contentTitle: “The 3 Worst Midstream Companies“, hasVideo: “True”, pitchId: “61”, pitchTickers: “NYSE:ETP“, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

TransCanada's New Hope

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By Aimee Duffy, The Motley Fool

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There is so much talk in the news about TransCanada‘s Keystone XL pipeline that many investors overlook the fact that the company’s biggest problem is actually a natural gas pipeline. But not for long. In this video, Motley Fool contributor Aimee Duffy takes a look at how bad things are for TransCanada, and what the company plans to do to bring success back to its most important asset.

The surge in oil and natural gas production from the fracking movement is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates an immensely profitable opportunity for midstream companies. Energy Transfer Partners is a company that helps alleviate the glut in supply with its 23,500 miles of transformational pipelines. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you’re invited to check out The Motley Fool‘s premium research report on the company. Simply click here now for a thorough expert analysis of this midstream company.

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Source: FULL ARTICLE at DailyFinance

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Energy Transfer Equity Announces Redemption of All Series A Preferred Units

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By Business Wirevia The Motley Fool

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Energy Transfer Equity Announces Redemption of All Series A Preferred Units

DALLAS–(BUSINESS WIRE)– EnergyTransfer Equity, L.P. (NYSE:ETE)announced today it has completed the redemption of all 3,000,000 of its outstanding Series A Convertible Preferred Units (“Preferred Units“) from Regency GP Acquirer L.P., an affiliate of GE Energy Financial Services (“GE Regency”).

ETE paid $305.9 million in cash to GE Regency as consideration for the Preferred Units, which represented principal and accrued and unpaid distributions payable thereon. Prior to the redemption, on March 28, 2013, ETE also paid GE Regency $40 million in cash in exchange for GE Regency relinquishing its right to receive any premium in connection with a future redemption or conversion of the Preferred Units.

The redemption of the Preferred Units, which were originally issued May 26, 2010 when ETE acquired the general partner and incentive distribution rights of Regency Energy Partners:

  • represents another important step in ETE‘s commitment to simplify its partnership structure;
  • removes a higher cost component of ETE‘s capital;
  • removes any overhang possibility that otherwise existed with the potential conversion of these Preferred Units into ETE common units; and
  • is another clear indication of ETE‘s financial strength and ability to optimize financial resources.

ETE entered into a $275 million short-term bridge facility to partially fund the redemption and expects to permanently finance the redemption as part of ETE‘s previously announced transactions to simplify its structure.

Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership, which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYS: ETP) and approximately 50.2 million ETP limited partner units; and owns the general partner and 100% of the IDRs of Regency Energy Partners LP (NYS: RGP) and approximately 26.3 million RGP limited partner units. The ETE family of companies owns more than 70,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines. For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com.

Forward-Looking Statements

This press release may include certain …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Tangle: Making Sense of the ETP Holdco Buyout

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By Aimee Duffy, The Motley Fool

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Earlier this week Energy Transfer Partners announced it was buying Energy Transfer Equity‘s stake in ETP Holdco for $3.75 billion. ETE is the general partner to the master limited partnership ETP. That relationship, together with the similar names of all of these entities, can complicate one’s understanding of what exactly this acquisition means. With that in mind, today we’re going beyond the press release and breaking down this deal. For the sake of clarity, the Energy Transfer entities will be referred to by their respective ticker symbols.

Holdco refresher
ETP and ETE formed Holdco in October 2012 to jointly own the equity interests in Southern Union Company and Sunoco. ETE closed on the Southern Union merger in March of last year, while ETP closed on the Sunoco one in October. At the time of creation, ETE had a 60% stake and ETP had a 40% stake, though the majority board membership belonged to ETP.

Southern Union‘s assets are primarily natural gas pipeline systems. Its 15,000 miles include the Panhandle Eastern Pipeline Company, the Trunkline Gas Company, the Sea Robin Pipeline Company, Trunkline LNG Company, Southwest Gas Storage, and an operating interest in Florida Gas Transmission.

Energy Transfer previously announced that it was selling a portion of Southern Union‘s original asset base to Laclede for $1 billion. The assets involved in the divestiture were Missouri Gas Energy and the New England Gas Company. Additionally, ETE announced last month that it would sell Southern Union Gas Services to its other MLP, Regency Energy Partners , for $1.5 billion.

Sunoco’s assets include 4,900 gas stations and convenience stores and its stake in the midstream MLP Sunoco Logistics Partners . That stake is important; it is made up of 32.4% of SXL‘s limited partner units, as well as its general partner stake and incentive distribution rights. SXL‘s assets include more than 5,000 miles of crude oil pipelines, 2,500 miles of refined products pipelines, and 42 refined products terminals.

The other side of the deal
ETP obviously gets full control of all of the Southern Union and Sunoco assets. ETE will receive $1.4 billion in cash, and $2.35 billion in ETP units. ETE will forgo incentive distribution rights on the new units for the first eight consecutive quarters after the close. From there, it will receive 50% of the IDRs for eight consecutive quarters, then moving on to 100% receipt of IDRs.

Remember, many general partners forgo incentive distribution rights on big deals like this in order to give the MLP a chance to integrate assets and realize the commercial benefits of the transaction.

Foolish takeaway
Both Energy Transfer entities are touting this deal as a means to simplify organizational structure, and it certainly does that. Streamlining has been one of management’s goals, and following through on this is important. Especially given that one of management’s other goals is to increase distribution payments to investors.

Though its structure can be confusing, at its …read more
Source: FULL ARTICLE at DailyFinance

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Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline

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By Business Wirevia The Motley Fool

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Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline

PHILADELPHIA–(BUSINESS WIRE)– Sunoco Logistics Partners L.P. (NYS: SXL) today announced that it will commence a binding Open Season for its Mariner South Pipeline, a pipeline that will transport export grade propane and butane, from Lone Star NGL LLC’s storage and fractionation complex in Mont Belvieu, Texas to Sunoco Logistics‘ terminal in Nederland, Texas. In addition to export grade propane and butane, the pipeline will be available for other natural gas liquids and petroleum products depending on shipper interest. The pipeline is anticipated to have an initial capacity to transport approximately 200,000 barrels per day and can be scaled to support higher volumes as needed. The pipeline is expected to be operational by the first quarter of 2015.

The Open Season will commence on March 21, 2013. Subject to the terms of the Open Season, priority service will be available to shippers making long-term volume commitments during the Open Season. The Notice of Open Season will be available on the Sunoco Logistics website at www.sunocologistics.com/marinersouth.

More information about this Open Season is available by contacting:

Hank Alexander
Vice President, Business Development
Sunoco Logistics Partners, L.P.
1818 Market Street, Suite 1500
Philadelphia, PA 19103
215-246-8568
marinersouth@sunocologistics.com

Sunoco Logistics Partners L.P. (NYS: SXL) , headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil & refined product pipeline, terminalling, and acquisition & marketing assets. SXL‘s general partner is owned by Energy Transfer Partners, L.P. (NYS: ETP) .

Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYS: RGP) , owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana, and Mississippi. Lone Star‘s assets include approximately 2,000 miles of natural gas liquids pipelines and 47 million barrels of storage capacity at Mont Belvieu, Texas. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of both ETP and RGP.

Sunoco Logistics Partners L.P.
Pete Gvazdauskas (investors) 215-977-6322
or
Joseph McGinn (media) 215-977-3237

KEYWORDS:   United States  North America  Pennsylvania  Texas

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance

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Energy Transfer Further Delivers on Commitment to Simplify Structure

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By Business Wirevia The Motley Fool

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Energy Transfer Further Delivers on Commitment to Simplify Structure

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYSE:ETP) and EnergyTransfer Equity, L.P. (NYSE:ETE),announced today that ETP will acquire from ETE its interest in ETP Holdco Corp. for $3.75 billion of cash and ETP common units. ETP Holdco is the entity formed by ETP and ETE in 2012 to own the equity interests in Southern Union Company and Sunoco, Inc. With this acquisition, ETP will own 100% of ETP Holdco. The deal is expected to close in the second quarter of 2013, subject to customary closing conditions.

In exchange for the interest in ETP Holdco, ETE will receive $2.35 billion of newly issued ETP common units and $1.40 billion in cash. ETE, which owns the general partner and incentive distribution rights (IDR) of ETP, has agreed to forego all of the IDR payments on the newly issued ETP units for each of the first eight consecutive quarters beginning with the quarter in which the closing of the transaction occurs, and fifty percent of the IDR payments on the newly issued ETP units for the following eight consecutive quarters.

The agreement between the partnerships is yet another important step in executing on their commitment to simplify their structures and optimize their asset portfolios. The announcement of the ETP Holdco acquisition by ETP follows the February 2013 announcement that ETP‘s Southern Union Gas Services (SUGS) assets would be contributed to Regency Energy Partners, and the December 2012 announcement that Southern Union‘s local distribution companies, Missouri Gas Energy and New England Gas Company, would be sold.

Following discussions with the credit rating agencies, ETP and ETE have received feedback that the transaction will have no negative effect on existing credit ratings at any of the entities.

Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

What's the Deal With MLP Spin-Offs?

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By Aimee Duffy and Tyler Crowe, The Motley Fool

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Between the tail end of 2012 and the early days of 2013, the midstream industry has experienced a wave of companies talking about spinning off certain assets into master limited partnerships. In this video, Motley Fool contributor Aimee Duffy explains the increased activity, considers what types of companies are doing this and why, and takes a look at some success stories along the way.  

These new MLP spin-offs certainly have their advantages, but its hard to compete with the asset footprint of the traditional midstream companies. Energy Transfer Partners is a company that helps alleviate our current glut in supply with its 23,500 miles of transformational pipelines. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you’re invited to check out The Motley Fool‘s premium research report on the company. Simply click here now for our thorough expert analysis of this midstream.

var FoolAnalyticsData = FoolAnalyticsData || []; FoolAnalyticsData.push({ eventType: “TickerReportPitch”, contentByline: “Aimee Duffy and Tyler Crowe“, contentId: “cms.23689”, contentTickers: “NYSE:DVN, NYSE:HFC, NYSE:WNR, NYSE:PSX, NYSE:MPC”, contentTitle: “What’s the Deal With MLP Spin-Offs?”, hasVideo: “True”, pitchId: “61”, pitchTickers: “NYSE:ETP“, …read more
Source: FULL ARTICLE at DailyFinance

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Teucrium Announces the Launch of "The Corn ClockSM"

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By Business Wirevia The Motley Fool

Teucrium Announces the Launch of “The Corn Clock SM “

Illustrates the Increasing Demand for Corn as the Planet’s Population Grows

BRATTLEBORO, Vt.–(BUSINESS WIRE)– Teucrium Trading, LLC, a sponsor of a suite of six single commodity ETPs that include energy and agriculture and one core agriculture commodity ETP, is pleased to announce the launch of the Teucrium Corn ClockSM, a real-time dynamic flip clock which displays each second how many bushels of corn will be required for that year just to supply the needs of the additional population up to that point in time.

In commenting on the Corn Clockwhich is displayed on the Teucrium website, Brandon Riker, Director – Strategic Marketing and Analysis, said, “Teucrium’s goal in establishing the Corn Clockis to visually illustrate and create awareness about how population growth can drive demand and thus impact the supply necessary to meet this demand.”

Riker said that according to the U.S. Census Bureau, about 2.44 people are added to the planet each second and each person uses, on average, about 4.85 bushels of corn per year¹. As an example, since the beginning of the year through 11:59:59 pm on February 28, 2013, the planet had added over 12.4 million people. To support the demand for corn from just these 12.4 million people, the world will need to produce about 60.3 million bushels of corn this year.

With the global population increasing by around 75 million people each year, about twice the population of California, and each person using about 4.85 bushels of corn¹, that means just to provide for that demand, the planet must produce approximately 363.8 million additional bushels of corn.

Riker additionally noted, “Based on current world-wide yield from the USDA, this would mean about 4.87 million additional acres (an area about the size of the state of New Jersey) would need to be planted to meet the growing demand. However, all land is not created equal and there are often issues, for example, with access to water and infrastructure.”²

Supply is a function of yield per acre and arable land under cultivation and although historical yield per acre for many crops including corn has increased, the yield change is not consistent year over year or ever increasing, and does decline from time to time³.

Additionally, according to a United Nations Food and Agriculture Organization report, “Much of the suitable land not yet in use is concentrated in a few …read more
Source: FULL ARTICLE at DailyFinance