cynic69

When Central Bankers Clash, Stock Markets Can Crash

CLH - You are dead wrong. The reason we are in this mess with skyrocketing oil prices is because big oil & big auto have insisted that resonable conservation and sensible alternatives are off the table. If Americans drove fuel efficient cars and we had an effective public transportation system like they do in Europe it would be much easier to get past this peak oil crisis.

The Global Recession's Here: How to Profit from It

You can bet the the wildeyed stockbrokers in CNBC are already long this market and they are trying to get the sheep to jump on the band wagon as its sliding over the cliff. One thing that Matt didn't mention is the price of crude. We are running out oil and the price is only going to go higher. The effects of $100 oil have not yet been felt by the world economy. I believe that the high price of energy will mean that equities are now only worth half what they were in October. I think if you traders want a really good bet you will buy 500 put contracts on the Qs, strike = $36, expiration = May. This $2500 bet could turn into $90,000.

I'd like to say this to rustypipes: I agree with you that natural gas is a fantastic way to go for an interim energy solution. Natural gas pipe supply lines are everywhere. Every service station could have a compressor and just change your empty tank for a full one. I heard Boone Pickens say the same thing. As for your disdain for the Prius I think you missed the point. The Prius may not be cheap but that matters less than the fact that it dosen't pollute the atmosphere as much as other cars and it helps preserve what small amout of light sweet crude we have left. I think that as more hybrids are produced they will be cheaper to build and even more efficient to drive.