digi

How PHEVs and EVs Will Sabotage America's Drive for Energy Independence

As they say:

What a fool does in the end, the wise do in the beginning.

How PHEVs and EVs Will Sabotage America's Drive for Energy Independence

BYD at the current prices is ridiculous. They barley sold any EV vehicles and they are number 3 in china in terms of sales for their petrol cars.

In hk 1211.hk (BYD) is trading in the $60 buck range with a trailing PE of 100+

I really dun think the buffet premium worth 10x his entry price.

Whichever way u look at it, buffets in the money. Suckers buying in now or at the high $20-$60 is going to suffer becoz they cannot sustain and grow at that premium.

Book Review: 'The Only Three Questions That Count'

this book is totally garbage. His dads book is the one to read.

Should hv known when the forward is written by Jim Cramer.

Oil: Something I Have to Own Again

Just to add, Saudi can sell at $45 a barrel and still make a healthy margin, but that fig. is creeping up becoz they are now using secondary recovery (from sea water to gas pumping to segregation in order to build well pressure), thus increasing its extraction costs.

Russia needs $55 - $75, China $78, Saudi's $45+

Canada / Venz with their heavy tar sand's need minimum $85 to $100 and they have already shut down some projects becoz of cost.

Although the avg. price from 1984 - 2008 has been $35, the last 5 yrs (2003 - 2008) has been $54, a 54% increase.

Now, looking at the historical numbers from 1861, there has only been a few occasions where the price sky-rocketed. Most noticeably during the OPEC oil embargo. I'll ignore the 1800 price movements.

In my opinion, the key to knowing about these prices rest on whether you believe in peak oil and whether the Ghawar field can sustain Saudis (60% of Saudi's production) production. King Hubbert has already proved his theory in calling the US peak and Russia's. China peaked long ago and Saudi's king of king's oil field is more or less peaked or peaked according to the calculations. Also, Simmons detective work also uncovers that the resident engineers are noting difficulties in extraction signaling peaking as experienced by U.K, Russia and China in the Ghawar field.

To date, no one has discovered any oil field anywhere close to the size of Ghawar.

Oil: Something I Have to Own Again

dun touch oil until the unemployment levels off.

I plotted from 1980 - 2008 Oil prices vs PMI, Unemployment and the S/D balance of oil, the only correlation I managed to uncover was that oil prices never turn up until the unemployment settles and starts to decline.

So far, my data has served me well and I'll buy when I see a leveling off and improvement in overall employment numbers and sentiment.

P.S. oil prices tend to be behind the curve, thus we have this clear phenomena. I'm not saying you can't get a 10-30% trade. What I'm looking for is 50%+ return without the downside risk associated with trading a low range.

Would You Pay $1,000 for This Book?

fatcat, obviously your not from the net generation. This is what makes the web tick. Not that its right, but thats The Internet. Enjoy it. $1K for this book? More than the CRB manual, holy moly.

Jim Rogers on China and Commodities

strangewalk,

I doubt you even stepped onto chinese soil, let alone know anything about the country. All your remarks are worthless. So who is the head of the chinese central bank? What is their strategic economic plan for the next 5 yrs? How is the population mix? You know absolutely crap about china and I seriously doubt you know anything about economics either. Dumb arse.

Bill Gross Wants A PIMCO Bailout

just let it implode and start afresh. The US economy is built on credit and it should die from it too. Use Bill Ackmans' method, should work a treat.

All the mention of compare this to that performance is total crap, why? Becoz Billy is holding, according to the rating agencies (can u trust them now that they rate junk as AAA - hahaha). Now, no matter how u swap, option and use exotic derivatives cannot mitigate this exposure becoz we are in a highly non uniform turbulent market. Why do I know this, I use to design derivative instruments for the largest bank in the US. The exotic trading unit folded during time of less stress than it is experiencing now. Go figure.

I like the article becoz everyone has an agenda, so what is Gross's?