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| How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
kpeavey
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| Business leaders: Make renewable energy cheaper |
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 LAS VEGAS: Representatives from Google Inc. and General Electric Co. said Tuesday that widespread use of renewable energy in United States would be possible — if it were cheaper.
Renewable energy options will remain "boutique" industries unless their costs are cut to make them competitive with coal and other widely used power sources, said Dan Reicher, director for climate change and energy initiatives at Google.org, the company's philanthropic arm.
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| Consortium to build biggest U.S. oil import terminal |
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NEW YORK (Reuters) - A consortium of oil pipeline and storage companies plans to invest $1.8 billion to build the United States' biggest deepwater oil import terminal in Texas, the companies said on Monday.
The terminal will have double the import capacity of the Louisiana Offshore Oil Port, currently the only oil terminal in the United States capable of handling the biggest oil tankers.
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| Shock waves spread as oil bubble bursts |
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THE exposure of the oil price boom as a speculative bubble has been the catalyst for a change in world financial flows, and the ripples are now spreading through currency, commodity and financial markets.
[...] Evans cites the definition of speculative bubbles by Yale economist Robert Shiller, who says they arise when news of price increases spurs the enthusiasm of an ever larger class of investors who, despite doubts about the real value of the investment, "are drawn to it partly through envy of the other's successes and partly through a gambler's excitement".
Peak oil -- the theory that the world's oilfields are in irreversible decline -- was the elixir that got investors going.
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| Energy Sector Remains a Global Investing Wild Card |
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[...] This energy-price conundrum doesn’t stop there, either, as such geopolitical “wild cards” as the Russian invasion of Georgia continue to whipsaw prices. Even with such tensions, however, energy traders brushed aside concerns about major supply disruptions – not the response we would’ve seen just a few months back. Late last week, in fact, oil prices took cues from the newfound strength in the dollar and dropped below $112 a barrel, a number not even imaginable in mid-July, when crude-oil prices reached a record level of $147.
All’s well on the Energy Front, it seems.
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| Inflation gets right down to the real nitty-gritty |
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As energy prices continue to rise, even dirt isn't cheap anymore
Dirt and its upmarket cousins offer a glimpse of how rising energy prices have caused inflation in the grittier corners of the consumer culture. Products that are cheap, heavy and bulky, such as bags of soil, are particularly vulnerable to rising freight costs.
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| Automakers fret over resale values of trucks, SUVs |
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| TRAVERSE CITY, Mich. — Phil Awker's ad for a used 2004 Chevrolet Suburban has been languishing in an online classified for more than two months, even though it's priced $6,000 less than book value.
Billy Roach's 2002 Jeep Wrangler has been up for a month on Philadelphia's Craigslist. He just wants to pay off his loan, Roach says, and he's hoping to get about $10,000 for it. Book value is about $2,000 less than that.
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| Automotive 2020 Global Study |
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New Breed of Consumers Seek Intelligent, Connected and Hybrid Vehicles in 'Virtual Garages'
IBM Offers Five Imperatives for the Future of the Automotive Industry
TRAVERSE CITY, MI, Aug 13, 2008 -- The IBM Automotive 2020 Study, based on a global collaboration with 125 automotive industry leaders, today revealed an industry grappling with significant change driven by increasingly sophisticated consumers.
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| Airlines embrace oil decline, but no time to party |
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CHICAGO/WASHINGTON (Reuters) - A 23 percent drop in oil prices since mid-July brightens the outlook for troubled airlines, but clouds remain thick over the industry, with little hope that carriers will scale back downsizing plans or repeal unpopular fees.
The U.S. airline industry has fallen on hard times, as rising fuel prices have far outpaced a series of fare hikes that began in 2006. Economic weakness, meanwhile, threatens to erode demand and rob carriers of the pricing power they reclaimed in the wake of a low-fare war with newer, leaner airlines.
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| Automakers scramble to offer more fuel efficiency |
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TRAVERSE CITY, Mich (Reuters) - Chrysler LLC on Wednesday outlined plans to launch a new car-based SUV modeled after the Jeep Cherokee, as other major automakers took the spotlight at an industry conference to pitch their own hurried responses to the surging demand for more fuel-efficient cars.
A senior Ford Motor Co executive said the No. 2 U.S. automaker expects small car sales to increase sharply and achieve double-digit growth in profit margins on a class of fuel-efficient vehicles U.S. automakers had long neglected in their home market.
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| 8 Ways to Profit if OPEC Dumps the Dollar |
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| virgincrude writes:
Iranian President Mahmoud Ahmadinejad dropped a bombshell. And while it wasn’t a nuclear one, it might as well have been.
He stated on the record at a rare gathering of the heads of the Organization of Petroleum Exporting Countries [OPEC] member nations have expressed a real interest in converting their cash reserves from the beleaguered U.S. greenback to the European euro. More specifically, Ahmadinejad referred to the U.S. dollar as "a worthless piece of paper."
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| Escalade is latest SUV to get hybridized |
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BIRMINGHAM, Mich. - General Motors Corp. will test the market for a full-size luxury hybrid SUV when it releases the industry's first vehicle in that category — the Cadillac Escalade Hybrid — next month.
It's a market that could be hostile. U.S. sales of the non-hybrid Escalade have fallen 29 percent so far this year as consumers spooked by high gas prices and the shaky economy abandon larger vehicles.
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| Rattled Caspian energy investors likely to sit tight |
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LONDON (Reuters) - Conflict in Georgia has shaken but is unlikely to scare off investors in the region, drawn by its energy resources and vital oil and gas links to the West.
Analysts agree that while the dispute has had a limited impact on the price of oil and gas, investors will be more nervous about investing in the Caspian region, questioning its reputation as means of reducing exposure to Russia.
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| Overbuilt market creating modern ghost towns |
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| mlit writes: Scott MacDonald, a 40-year-old lawyer, and his family were among the first buyers of new homes in Kirkway Estates, a residential community in the Detroit suburbs. The MacDonalds paid more than $500,000 in 2006 for a home that would be ready in July 2007. The Colonial-style brick home had four bedrooms, three-and-a-half bathrooms, and designer touches and offered everything they expected in a town known for great public schools and homes fit for Ford execs.
Everything, that is, except neighbors.
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| Is the Commodities Bull Market Over? |
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Posted by admin on Tuesday, August 12 @ 05:40:30 PDT (212 reads)
(comments? | Score: 0) |
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| Energy stocks undervalued, rebound seen: Barron's |
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NEW YORK (Reuters) - The sharp drop in oil and natural gas prices has produced an even sharper pullback in energy stocks, creating what may be one of the best buying opportunities in the sector in several years, according to an article in the August 11 edition of Barron's.
Energy issues have rarely been so inexpensive, relative to oil and gas prices, estimated asset values and earnings, said the report, while adding that barring a collapse in oil and gas, most energy stocks could easily rise 25 percent or more over the next year.
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| Sunday, August 10 | | · | Chinese cars you could soon see in the U.S. |
| Saturday, August 09 | | · | Big Oil, No Mojo |
| · | Getting More Constructive on Crude Oil |
| · | Oil prices turn bearish, but the bulls may yet return |
| Thursday, August 07 | | · | The great oil bubble has burst |
| Tuesday, August 05 | | · | Chinese and Indian oil giants in battle for Imperial Energy |
| Monday, August 04 | | · | GM Executive Raises Natural Gas As Alternative To Gasoline |
| · | Oil companies seek to add value through split |
| Sunday, August 03 | | · | SemGroup woes have ripple effect |
| · | Kuwait official sees oil staying above $100: report |
| · | Fed to sit tight on rates as oil prices moderate |
| · | Big Oil's biggest quarter ever: $51.5B in all |
| Saturday, August 02 | | · | Shipping Costs Start to Crimp Globalization |
| Friday, August 01 | | · | Weathering the Storm |
| · | Missing the real story |
| · | Exxon Profit Rises Less Than Estimated; Output Drops |
| · | Prius Problem: Could Using Less Oil Make Oil More Expensive? |
| Thursday, July 31 | | · | South Stream Russia-Europe Pipeline to Cost $20B |
| · | Lufthansa Expands Cost Cuts as Fuel Expenses Rise |
| · | S-K: Asiana Air Posts First Loss in Almost 3 Years on Fuel |
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