No6

Tesla Roadster as tested by Jay Leno.

"Would I buy one? Well yes, I would be interested in it. Right now they’re $100,000, so consequently it’s something rich people would buy. But most new technology starts out with rich people. Antilock brakes started out on the big Cadillacs and Lincolns. They didn’t start out on economy cars. To start with it’s the rich buyers that can absorb the cost. Anybody who buys a Tesla now is making a statement about buying responsibly. It’s a way to make a high performance statement for the new millennium."

Vital statistics

Model Tesla Roadster

Engine Electric motor powered by lithium-ion battery

Power 248bhp @ 8000rpm

Torque 200 lb ft @ 0-6000rpm

Transmission Two-speed manual

CO2 n/a

Acceleration 0-60mph: 4sec

Top speed 130mph

Price $98,000 (£48,600)

Verdict Electrifying proof there’s life after oil

http://driving.timesonline.co.uk/tol/life_...icle2036260.ece

Big news from Australia:

 

The Australian Labor Party has just overturned their '3 mines' policy on uranium mining on a federal level. This is important because Labor are in control of state governments, which have upheld this on a state level for the last 25 years. The states which will benefit from this the most are South Australia (whose premier is very pro uranium mining) and Northern Territory (which is not strictly a state, as it is controlled by the pro-uranium the federal government). Western Australia and Queensland both have premiers who remain negative towards it.

Boom times?

"Australia's uranium industry is preparing for boom times ahead, particularly since the Labor Party's weekend move to abolish its no new mines policy.

Uranium mining companies are pushing ahead with applications for licences that once lay dormant.

In South Australian alone the Government is fast-tracking 100 exploration licences in the wake of the ALP's policy change."

http://www.abc.net.au/pm/content/2007/s1911650.htm

Some suggestions from Money Morning which might be worth further investigation.

The big pure play is Toronto-listed Cameco (CCO), the world’s largest producer, with four operating mines in Canada and the US, major ventures also in Canada and in Kazakhstan, and even a stake in nuclear power generation.

It has enormous high-grade ore deposits and managerial/technical expertise, and Sprott Securities is forecasting earnings per share to triple, to $3.15, over the next couple of years. It offers good upside potential at lower risk than most other options. It’s RBC Capital Markets’ “top pick” uranium stock.

Other mining companies deserving consideration include:

► Denison Mines (DML, Toronto), with a seasoned management team, production in North America and a large portfolio of exploration prospects. It plans to ramp up its output five-fold over the next four years and is Sprott Securities’ “top pick.”

► Paladin Resources (PDN, Sydney) has started production at its Langer Heinrich mine in Namibia and has an equally substantial prospect, Kayelekera, in Malawi. Soaring profits should raise its earnings-per-share ratio to 15 times (the same as projected Cameco levels) in a couple of years.

► Uranium One (UUU, Toronto) is a newly-formed combine with actual or incipient production in Kazakhstan, South Africa and Australia. Ambitious development plans could ramp its output to 12 million pounds a year (the same target as Paladin’s) in five years’ time.

► Uramin (UMN, AIM London) expects its Trekkopje open-cast mine in Namibia to come into production next year and has other African interests.

► Energy Metals (EMC, Toronto) is perhaps the most interesting speculative stock, with a large portfolio of ore deposits in the US. It expects to start production next year.

Justin Reid, analyst at Sprott Securities, suggests that “US-focused companies with solid assets” that have started the process to get operating permits and are “backed by good operating teams” could be takeover targets.

Other interesting investment possibilities include:

► Geiger Counter (GCL, London), a new fund with a diversified spread of about 50 holdings in physical metal and the shares of producers, developers, explorers and service providers.

► There are several other funds that only invest in uranium itself, such as Uranium Participation Corp. (U, Toronto), and Nufcor Uranium (NU., AIM London). They tend to trade at high premiums on net asset value.

► Areva (CEI, Paris) is the world’s biggest nuclear engineering group. It mines uranium, designs and builds power stations, makes fuel rods and processes nuclear waste. Although 95 per cent owned by the French government, the remaining 5 per cent is in listed non-voting shares.

http://www.moneyweek.com/file/28936/eleven...ree-energy.html

The Energy Information Administration (EIA), the statistical unit of the Department of Energy, said Tuesday it expects lower crude prices in the next two years to combine with moderate economic growth and lead to more petroleum consumption.

 

Citing warmer weather this winter across most of the Northern Hemisphere, the administration again lowered its price projection for West Texas Crude oil, which averaged $44 a barrel in 2006, to $59.50 per barrel in 2007, compared with $64.42 in its forecast last month. The agency also lowered its projection for 2008 to $62.50 from $64.58 in January.

 

http://www.iii.co.uk/news/?type=afxnews&am...;action=article

As a former player I always enjoyed Party over every other site.....that's not to say i would invest in them though, the whole poker thing could just be fad, i'd now rather chew my own arm off than sit playing tables for a couple of hours.

They could be a fad. The traditional bookies are a better bet IMHO. You may find some on-line gambling company where the share price takes off and your investment looks good, but then you get a PartyGaming. The old bookies are steady and even if there is an economic downturn, people (mostly men) will still want to have a bet. Perhaps even more so, as they will be hoping for that one big win. If you have to gamble, invest in the bookies.

Russia cuts off oil exports to Belarus

 

08 January 2007 18:00

Russia has shut off crude exports to its western neighbour, Belarus, in a trade row that has halted supplies to Poland and Germany.

 

Russia's pipeline monopoly Transneft claimed that it was forced to act because Minsk had been siphoning off oil illegally as payment in kind for a new oil shipment tax.

 

The company says the charges are illegal.

 

The European Commission said the cuts posed no immediate risk to European supplies but it was seeking an urgent explanation from Belarus and Russia.

http://www.rte.ie/news/2007/0108/oil.html

 

http://top.rbc.ru/english/index.shtml?/new...85027_bod.shtml

I'm not sure you can trust anything with Russia right now, or the surrounding ex-Soviet states. They see the money in energy and want it. They benefit right now, but in years to come many governments and companies will think twice about doing business with them. Given their differences in the past, Russia v China down the road is going to be very interesting to watch (preferably from as far away as possible if some of the hardliners get into power).

Is BP going to spoil the party or will perceived bad news like this represent a buying opportunity?

ADVFN Market report.

 

BP also fell back to close 4-1/2 lower at 552-1/2 and is expected to tell investors on Tuesday that trading in the fourth quarter has been tough, owing to falling oil and gas prices and refining margins.

 

Quarterly production figures are also unlikely to cheer the market as BP has already warned in October that output for 2006 is to reach 3.95 mln barrels of oil equivalent per day, down from 3.997 mln boepd in 2005 and below its guidance of 4.1-4.2 mln boepd.

Should be able to get a copy from Amazon (or others on the net).

http://www.amazon.com/Theres-Girl-Soup-Roy...g/dp/B0000DGKI9

There must be a market in Hong Kong where you can buy a pirate copy for a few HK dollars surely?

I thought this bot had been iced?

2) What is your assessment of finding the proper planets for living and/or probable intelligent ETs, by this technology, for the current decade?

By human beings? Zero chance this decade. Intelligent beings elsewhere may already have the technology and if they do, they would be so far in advance of us that we would probably only know they exist if they want us to.

M.,

I think you need to be highly practical.

 

what gets government funding is: what adds to the political capital of would-be leaders.

I dont see Wormholes doing that now.

 

I recommend that you hedge your bets by finding another, smaller and more practical passion,

which can help you pay the bills while you are waiting for interest in wormhole technologies to grow.

 

Example: I have been worried about the debt bubble, and its impact on the global economy for years.

I could wait for the bubble to burst, monitoring the situation, or I can jump into a new activity...

 

Some years ago, I discovered gold and mining equities. Here, i thought, might be a way to make money, while I wait for reality to settle in. Many folks on websites like HPC are whining and complaining about rising House prices in the UK. And they have been whining and complaining for years.

 

I am sure they will be right one day, but they are wasting time and energy, continuing with a single obsession. If they put some of that energy into discovering how to assess mining equities, and investing a bit, they could instead have learned something useful, and made money.

 

Maybe you need to find something else, another area of endeavour. You could even look into the resources field. Iran is a country endowed with many resources: energy, and mining projects. It will need clever geologists, and geo-physicists. If you started down that path, you may even discover you find it challenging and interesting- and it pays well too.

 

This is only one idea. I'm sure there are many others.

Very good advice.

UK Coal is currently trading at 358.00p per share. In the last year the share price has ranged from 123.50p to 358.50p, but moonshot recently because of its property portfolio. Today it hit 358, it's losing money and makes me wonder where the upside is from here. This may be one for shorting in due course. I suspect the property portfolio was re-valued at the top end of expectations as that's what usually happens. Despite the case for coal, this one looks overdone.

ah...

anyone else not getting the logo?

It's ok now, I cleared the cache, so not a problem with the site.

Yeah. I hope the State Department of the US wouldn’t bother me about the visa.

This is the USA you are talking about. You need to be careful and I would suggest do it right, especially right now.

Hi Creditor,

 

Take a look at this 3-pages forum:

 

http://www.gaters.net/showthread.php?t=10065

 

I hope you’d find it useful; otherwise, ask your questions frankly with details, if you want their replies.

BTW, what “GHCP” means?

I have just had a quick look at this site Mansouryar, what is the event below?

giving my presentation in Albuquerque, NM, USA, 11-15 February 2007

Is it - Space Technology and Applications International Forum?

http://cdsweb.cern.ch/record/988331

http://www.unm.edu/~isnps/staifhome.html

Whatever it is, all I now get are the words IPB. Maybe something to do with the fact that I use Firefox and it is being blocked by NoScript or AdBlock for some reason. I will have a fiddle aound and see if I can get it back (unless it is something to do with the site right now?).

Anyway, I’ve heard there is a cult (in North America?), that its members believe the human race originates from the aliens of distant galaxies. They also believe a celebrated group will someday leave the earth by a UFO.

Maybe, they could help to realize this technology, (without interfering the military which certainly will give a dramatic power to the having country.) I guess doing the experiments in somewhere like the free seas (territory) would be good. Something like the announcing the first cloned baby on the international seas in 2001.

What’s your idea?

This assumes that that there was a cloned baby as it was believed to be a hoax or not proved. It does seem to have gone quite on that story though.

http://news.bbc.co.uk/1/hi/world/americas/2883161.stm

I do not believe you could get far enough away from the military or secret services (of many powers) if anyone came close to perfecting wormhole technology. They would find out. That's why it might be better for the person who gets close be in the public eye, maybe working in a University or one with close links to business and that way he/she is less likely to suddenly disappear. Even better if you can become a "media" scientist, a Stephen Hawking type, one that appears regularly in the press and TV. However, theory is one thing, the practical side of producing results is another and if it needs money, unfortunately it is government's and military with plenty of it. Some of course, may choose to disappear if the money is right.

I don't think working with a group like the Raelians is a credible choice though.

An interesting view on coal from the Motley Fool.

I never though the day would come when Arthur Scargill may be proved right.

 

For those who may be too young to remember, Arthur Scargill was leader of the National Union of Miners in the seventies and early eighties. He is probably best remembered for fighting doggedly with the Thatcher Government to ensure that unprofitable British coal mines remained open. He argued that there is no such thing as uneconomic pits -- just pits that lack sufficient investment. He also contended that the closure of 20 unprofitable pits, which were owned by the National Coal Board, would result in the loss of 20,000 skilled jobs forever.

 

But that was then. Today, coal production has returned to favour with a vengeance as commodity prices climb on the back of soaring demand. And some experts, which include the former boss of UK Coal (LSE: UKC), Richard Budge, reckon that coal mining in Britain may stage a dramatic comeback. Coal may even challenge oil, gas, and biomass as a viable source of power generation.

 

http://www.fool.co.uk/news/comment/2006/c0...ioodftxt0010006

Are the Saudis Approving Cheaper Oil?

"Why would the kingdom, which boasts the world's largest oil reserves, cheer a price slump? In fact, the Saudis never felt comfortable with $70 oil, fearing that sky-high prices might kill off the global appetite for their single source of wealth.

"There is concern that the volatility in the markets is so beyond anyone's control that it could cause severe damage to the world economy," says Sadad Al Husseini, the retired exploration and production chief of Saudi Aramco, the national oil company. The Saudis, he says, "are determined to try and manage better."

http://www.businessweek.com/globalbiz/cont...z_europe_energy

P.S. 2: Which one do you think is better? Realizing the wormhole technology as a military device for Neo-conservatives of Pentagon, Iranian Mullahs; OR a peaceful, civil, and trade project by the private sector?

I wish I could share the optimism here of the better choice, but I fear that if wormhole technology was developed or looked likely to be achieved, the military will get their hands on it, whether that is the US, China, Russia, etc. In private hands, the must protect the public card will be played by government, even more so now with the so-called "war on terror". Certain powerful vested interests will not allow this to florish in the private sector I'm afraid, other than as part of the military industrial complex, it's too dangerous. Of course that doesn't make it any safer if the military get hold of it, so perhaps it is best that it remains a theory until we as human beings evolve enough to not see such things as a means to fight and kill each other, but as something that we can all benefit from.

Oil still going down. Hell, anyone would think it was going out of fashion!

Money Morning asks, what's behind the oil price collapse, and if you like the conspiracy side of it, here's a new take.

Shortly after Goldman Sachs changed the way it calculates its Commodity Index, the price of oil began to collapse. Could the two be related? The GSCI is used as a benchmark by the Oppenheimer Real Asset Fund - worth $1.7bn - as well as two of the world's largest pension funds, which manage some $200bn between them.

Until this summer, US unleaded gasoline accounted for 8.45% of the GSCI. Now that's shrunk to 2.3%. "Goldman's changes probably induced arbs, commercial hedgers, and other traders to sell September and October unleaded gasoline future contracts," says Bill King in the King Report.

Unfortunately one of the delivery drivers they hired was 300 pounds in weight and the van ran out of juice 15 miles from the depot and had to be towed back to base.

 

So the moral is Electric Vehicles are great for standard weight to height ratio people, but pants for those who veer more to the inflated.

Which means they will probably never be popular in the US.

A BBC radio 4 programme this week on the Tesla car.

http://www.bbc.co.uk/radio4/news/inbusiness/inbusiness.shtml

http://www.teslamotors.com/index.php?js_enabled=1

Try - http://www.thesilverxchange.com - for physical silver, as recommended by Mr Nice. They send it to you from the US and you can usually avoid VAT.

 

Also goldmoney.com , which I use.

 

Baird's have silver pools.

 

SLV is traded in dollars, s you need an account that trades American stocks.

These new London based ETC's will trade in pounds? One of them is silver.

http://www.thebulliondesk.com/ReportItem.a...Code=0830113743

This is interesting from Iran-Daily.Com

Aug. 4--Iran, the second largest oil producer within the Organization of Petroleum Exporting Countries (OPEC), said Friday that crude oil prices may touch $100 a barrel on winter demand and geopolitical concerns, according to AFP.

“There is still a possibility of crude reaching $100 a barrel due to geopolitical problems worldwide and peaking of winter demand,“ Iran’s Deputy Oil Minister Hadi Nejad-Hosseinian said, according to Press Trust of India.

Asked by reporters if Iran would stop oil exports in the event of an attack by the United States over its suspected nuclear program, Nejad-Hosseinian replied, “I don’t think so.“

http://www.iran-daily.com/1385/2628/html/economy.htm#s164292

The US has had a trade embargo with Cuba in place since 1961, but could this be about to change? Cuba has a big oil find which is attracting interest from a number of countries, some of which, China and Venezuala, the US might not want having that close to it's back door. The need for resources may dictate that the US re-think it's policy towards Cuba. However, the other question has to be, will Cuba be interested?

http://www.forbes.com/infoimaging/feeds/ap.../ap2913365.html