gone west

Well done, GW.

 

I wonder if the London falls will pick up pace in the second half of 2008.

 

This from Fred Harrison:

Some advice he has for UK authorities:

"First, they should avoid making the downturn even worse. If, for example, the Treasury sticks with its plan to level down the tax rate on capital gains, there will be a sharp drop in prices in the summer. Owners of buy-to-let properties are waiting for the new tax year to offer their apartments for sale, when the CGT rate will be cut from 40% to 18%. The effect will be a crash in prices, denting confidence even further."

Thanks. I saw that on consa's site, I wonder if there will be much capital gains left for the BTLers by then.

??

 

So the BLUE line has fallne back below 500?

Thats very reassuring. Sold my home in late 2003 and then converted sterling proceeds to gold/oil and Canadian equity over the subsequent 8 months. Looks like I managed to get fairly close to the peak (for once).

Well, maybe I'm just talking my position here as I'm currently short on crude, but it's my observation that when something hits headline news it is normally a pretty good sign that we've reached or are very near to a short term peak.

You're a brave man shorting crude going into hurricane season.

I've been telling ya this for months but no one listens to my folksy little opinions.

 

Dont be naive, people.

This is not a regional flare-up

 

China is making the moves here.

They are testing our reflexes at every opportunity.

Iraq, Iran, Nigeria, Sudan, Venezuela....its all China and its all about securing resources.

 

Oil is NOT coming down.

Get yer heads around that.

Rather than squinting over charts trying to make a buck off someone elses labour, I'd suggest you look around at how you can function without oil.

...or more precisely, how can you function in a world with $100+ barrel oil.

WTIC closed at $76.70 today. Middle East boiling again.

I believe uranium may well begin to outperform oil as an energy investment in the next few years. Tight supply, long mine lead times and a rush for the nuclear option from every direction imply a rapidly rising price for the raw material.

Here is an interesting column about the four great commodities: gold, silver, oil and uranium.

http://www.moneyandmarkets.com/press.asp?r...d=292&cat_id=6&

The U stocks that I currently own are:

 

Aldershot (v.ALZ) : thru wts.

Canalaska (v.CVV)

Formation (t.FCO)

ISX Corp. (v.ISX)

Magnum (v.MM)

Mawson (v.MAW) : will add in the C$1.15 placement

Uranium Power (v.UPC)

 

and I plan to buy some: Uranerz in the next few days

Isn't ALZ supposed to annouce some prelim drilling results soon?

On the weekend we had Australia sign a uranium supply deal with China. Now some more mainstream sources are carrying the uranium story.

http://www.marketwatch.com/News/Story/Stor...hoo&siteid=yhoo

JUPITER, Fla. (M&M) -- The hottest metal isn't gold or silver -- it's uranium. Prices are up 80% in the past year and 13% just since the beginning of this year. Have you missed the big move? Not by a long shot.

I think you're right about electricty storage being a key area for investment. But which, and when? What percentage of total power needs to come from fluctuating sources before the need for storage becomes essential? 1%, 5%, 40%? Knowing this will help to decide when to plunge in with cash.

For the home user, it would probably be easier to sell excess capacity back into the grid (assuming your local utility is willing to take it). Where I live, we experience frequent power outages in the winter due to high winds and snowfalls. Storage would be a nice backup option. If hard pressed utilities become less reliable, that would also increase demand. And the suggestion of variable power rates might also help. Simply a matter of energy costs vs storage costs. They will meet at some point no doubt.

I also like the idea of the compressed air option, but I wonder if it is too inefficient.

See.....this is where I start to drift in these debates...

Relying on science fiction is not gonna resolve this in the next 3 centuries.

What fiction? The applied science of the small (nanotechnology) promises to bring battery technology out of the stone age. It is already yielding tasty fruit:

http://www.azom.com/details.asp?newsID=788

Another oily board:

http://p088.ezboard.com/bdownstreamventures

My favourite site for collating news about anything oily,

http://p100.ezboard.com/bpeakoilpetroleumandpreciousmetals

also has info about precious metals and geopolitics (one big soup).

Hey Bubb.

Howza bout a links section somewhere? Links to other boards, info sources, PO sources, etc...

and a sub-forum on conservation strategies and companies would be good also.