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bob3,
I'm new to the board and find it not only interesting, but the actions behind this monetary data directly affects us, whether we know it or not.
I recently noticed that the Fed will stop reporting M3 money supply figures in March. Does this concern you?
It seems to me that some of the Fed's activities will not be publicized by not reporting M3.
Thanks for your opinion.
sumisu
Excellent interview on West Hawk Development Corp. (Hope that the link works.)
(WHD-TSX.V) The premier project for West Hawk is their Ground Hog Coal Deposit in northern BC. The large field of high quality anthracite has been recognized for some time, and has good infrastructure close by. With today's prices for all energy resources, the deposit is a compelling opportunity.
The company is investigating the feasibility of using the coal in an implementation of clean coal to liquid technology for the production of very low sulfur diesel and low emission electric power.
http://www.smartstox.com/interviews/whd.php
sumisu
Not concerned about today's pullback.
All my uranium investments fell in concert with the decline in crude, which is a shade under $66, as I write this message.
Hey, a little pullback is healthy and I will be buying more shares, as funds become available.
sumisu
prophetti,
I should have bought when you first posted when it was .66. Well, I'm in for a 1000 shares at $1.10.
sumisu
ImakeMONEY,
Agree with your observations entirely.
I live outside of Boston and it is supposed to be in the 50's the next few days! This is not usual and my natural gas fueled furnace is not turning on that frequently this winter, so far.
Next month I will have more money before the earnings report. I will begin building a position in ECA again.
Good luck,
sumisu
lonestar,
FROM THE HERMIT'S HOVEL!!!!!
LOL
sumisu
US MONEY PRINTING TO CONTINUE!
by Marc Faber, Ph.D.
GloomBoomDoom.com
December 12, 2005
From recent US Federal Reserve Board meeting minutes, it would appear that monetary policies will move from a tightening bias to a neutral or easing mode within the next six months or so. In the past, I have maintained that the US, with a debt-to-GDP ratio of over 300%, has no other option but to print money (see figure 1).
http://www.financialsense.com/editorials/faber/2005/1212.html
Spark,
One day last summer I was looking for a platinum investment and did a Google search. I read an article on platinum and then noticed that I knew the author from my childhood days. His name is Kenneth Gerbino and he owns two funds, one a fund for gold.
Kenny told me immediately last August to buy SLW, so I purchased 3,000 shares at $3.32. I sold 1,000 shares at around $3.90 thinking I was a silver baron. Then SLW took off. I was in a penny stock investment which spiked. So I sold it and bought another 1,500 shares of SLW. In the mean time, I opened an account with Gerbino and he added 1,000 shares of SLW.
I have been tempted to sell, but when I look at the alternative investments, I refrain from trading SLW.
Right now I believe what I have been reading about gold and silver, so I have heavily invested in both. Look at the following article.
http://www.financialsense.com/fsu/editorials/2005/1230b.html
I view my investments in gold and silver as financial insurance similar to homeowners insurance on a home. And I think a lot more investors are looking to the precious metals for protection.
As an aside, I have been investing in coal and most recently, in uranium. I categorize these two energy investments as a hedge against peak oil and peak gas.
I you want to read some good commentaries, look at Ken Gerbino's site. They are interesting and persuasive.
http://www.kengerbino.com/RoadMapOnMiningStocks.html
Good luck in your SLW investment.
sumisu
Waitedg,
You will hear this prediction first; it has not been on the news or anywhere else, to my knowledge.
After the 2008 Olympics, the dollar will decline drastically!
Up until this next summer Olympics, China will be playing Mr. Nice Guy. Then I believe that they will take off their gloves after a successful conclusion of Olympics and all heck will break loose.
China is already aligning energy contracts all over the world. It recognizes that there is such a thing as Peak Oil and Peak Gas and is therefore already planning for this epochal event. Our Congress has held a few hearings on Peak Oil, but nothing of substance has occurred.
As to the dollar, the greenback is dying. The deficits, trade, government(Federal, state, and local), and personal, are like a rotting basket of fruit in the hot summer sun.
Witness the fact that despite 13 rate increases by the Federal Reserve, inflation continues to run ahead of these rate increases. The U.S. will probably end up spending at least a trillion dollars to rebuild the Gulf Coast area. AND it will be done with fiat money, which will only increase inflation.
In the past, the U.S. and Britain have dumped part of their gold holdings on the world market to contain the price of gold and thus hide the weaknesses in their respective currencies. And guess which countries have been buying gold? Yup, China and India.
I continue to invest in gold and silver as a form of financial insurance. I have coal and uranium investments as a hedge against Peak Oil.
The future will be difficult, and we as individuals will have to do more than rely on the national government, which continues to be inept when it comes to national emergencies.
Having said the above, I still wish everyone a Happy and Prosperous New Year.
sumisu
ImakeMONEY,
This has been quite an odyssey and "your lawyer seems to know the market pretty well" (lol). Hope that you get in at a very low price.
I don't understand calls too well plus I'm our of money until February, so I can't buy any stocks.
In any event, I hope to do very well with the calls that you "finally" purchase.
sumisu
THE NEW YEARS RALLY STOCK PICKING CONTEST
contest guidelines:
-the contest is open to anyone with an Ihub I.D.
-choose no more than 2 stocks you think will have a percentage gain for January
-the contest begins the last day of December at market close
-on the last day of December (Friday the 30th) each stocks closing price will be entered
-the contest ends last day of January (Tuesday the 31st)market close
-the closing price will determine the percentage gain
(to enter your picks, simply copy this post and add your stocks to the list)
Doubloon
MLTO.OB
TWOG.PK
Lonestar
KFX
STAA
nlightn
AGIX
GOOG
Waitedg
CESV
Sumisu
CBAG
EGMCF
Doubloon,
The part of that post that concerns me the most is:
Yu Yongding, a Chinese government economist and chief consultant to the central bank, told Market News International that China must reduce accumulating dollar-based assets, and also cut its existing holdings.
Looking back on 6 short years, China has gained control of Hong Kong, it has become a member of the WTO, ironically it has become more capitalistic than the US, its savings has increase tremendously, and now they are de-emphasizing the dollar.
In 2008, China will host the summer Olympics. I sense that they will be on their best behavior until that event is over. Then I expect a big change in their attitude. What it will entail, who is to say. But they have huge energy problems, as does the rest of the world, they will be looking beyond their borders for solutions, and I think this does not bode well for us.
sumisu
Doubloon,
Thinking about the gold price rise, there are a number of factors: hedge against inflation and store of value. (It might appear to be a bubble, but I believe that gold is seeking its true value).
The twin deficits, aggravated by the massive hurricane damage and necessary repairs, will reflect the continuing eroding of the dollar. That means more dollars in circulation.
Greenspan's departure is great, except that clone Bernanke might even be worse as evidenced by his speeches referencing helicopter money and his beliefs in inflating.
The Fed's signal that it will no longer report (but it will collect) M3 in March 2006 indicates to me that the Fed does not want the public to monitor it money activities. The reason for this apparent approach worries me that the government will go into massive inflation.
I truly believe that the twelve recent Fed Funds rate increases can't keep pace with the increased dollars in circulation. In other words, the Fed's current inflation policy is negated by excessive government spending.
The contrived Consumer Price Index (CPI) is a joke, as it measures "core" rate of inflation, excluding food and energy.
Actually "core" should be food and energy, and everything else should be excluded. We all buy food and we all use energy (directly or (indirectly in the products that we buy.)) And we all know that the prices are increasing rapidly. The consumer is now awake; the genie is out of the bottle.
It behooves all of those who save to begin "protecting" their assets with gold and silver. I think that this approach will eventually gain wide acceptance. It will provide some protection and maintain a store of asset value. It stands to reason, that if you have homeowners insurance on your home, then you should have investment insurance on your investments.
While The Fed keeps printing money, the circulated dollars will make gold and silver more valuable. Unfortunately, the increase currency will also make energy more expensive. Just my opinion, but I think that foreigners are tired of accepting our cheap dollars in payment for everything and that includes oil.
Gold and silver will backtrack, they always have. Central banks hate the precious metals as they usually reflect the weaknesses in their currencies. So, periodically the central banks dump gold on the open market to drive down the gold price.
But there has been so much gold dumping over the past decades, that the Western banks are getting precariously low in their gold holdings. And guess who are buying gold on the open market? Two countries come to mind immediately, China and India. (In fact, India had a massive debt and currency problem in the 1990's and its gold proved valuable as collateral in securing loans to resolve the situation.)
If the world is approaching the advent of Peak Oil and Peak Gas, prices will only get worse. Scarcity in these energy forms without alternatives is scary. All of this will be reflected by a lower dollar value.
A lot of top guys are moving into precious metals and foreign currencies, Warren Buffett to name one. If it's good enough for Warren, then it's good enough for me!
I predict that we will have deflation in real assets, e.g., real estate, with concurrent inflation in consumer goods. Basically the worse scenario. Houses will no longer be ATM machines funding our standard of living. The latter will regress, to my regret.
So, how does gold and silver play in the above mix? I guess if you believe that raw materials will become more scarce, that the world's population will continue to increase, and that governments will increase their deficit spending to cover their needs, then you will see gold seek its true and higher value. In fact, it is inevitable, money can be printed, gold must be mined and it is therefore expensive to extract and it is scarce, as well.
I believe that the future will be brighter for those holding precious metals and minerals, and energy. Time will tell.
sumisu
Doubloon,
Thanks for the explanation; I now patiently wait for the shareholder value to develop.
sumisu
ImakeMONEY,
I can't comment on the calls, but I would expect ECA to move $10 minimally with ease. If the weather "ever" turns really cold, I see ECA in the $60's or it might spike beyond.
I make this comment expecting that natural gas demand will be very high, but supply will probably not keep pace with the demand due to the hurricanes this year.
If I knew anything about calls, I would chance them with this stock. It has treated me very well in the past.
good luck,
sumisu
ps: I'm a proponent that Peak Oil and Peak Gas have already occurred and the winter might lend evidence to this epochal change.
Jagman,
Did it work?
LMAO
sumisu
Jagman,
Thanks a lot for the graphs.
Here is a gold article that I found while looking at my precious metals portfolio.
Investor quandary: buy gold or gold mining stocks
Fri Nov 25, 2005 11:47 AM ET
By Steve James
NEW YORK, Nov 25 (Reuters) - With the price of gold inching toward $500 an ounce for the first time in 18 years, investors might be in a quandary: whether to buy gold bullion or shares in gold mining companies.
"We have done better owning gold than shares," said Jay Taylor, publisher of an industry newsletter, J Taylor's Gold & Technology Stocks.
"In the '70s there were dramatic profit margins -- a 10 percent move in the gold price would result in maybe 30 percent increase in share price," he said. "If anything, it's gone the other way and now there are shrinking margins."
However, Peter Spina, who operates goldseek.com, a gold industry Web site, said more investors appear to be getting into gold shares, attracted more by profits than the security that often comes with owning the precious metal.
"The Newmonts and Freeports will always attract institutional funds, the big money," he said. "Traditionally, stocks have led the gold price by three to six months. But recently we are seeing more investment capital entering the market."
Shares in the so-called seniors -- the big companies that mine gold -- are at or near year highs. But there were mixed results in the third quarter as spiraling costs, especially for energy, nibbled at profits.
Denver-based Newmont Mining Corp. (NEM.N: Quote, Profile, Research) , the world's biggest gold producer, reported a drop in profit, citing not only high energy costs but also a shortage of miners and environmental protests in Peru that delayed exploration.
And Placer Dome Inc. (PDG.TO: Quote, Profile, Research) (PDG.N: Quote, Profile, Research) , Canada's No. 2 gold producer, said it was hurt by higher energy costs and a loss on hedging against metal price fluctuations.
But Toronto-based Barrick Gold Corp. (ABX.TO: Quote, Profile, Research) (ABX.N: Quote, Profile, Research) saw third-quarter profit more than triple, and Freeport-McMoRan Copper & Gold Inc. (FCX.N: Quote, Profile, Research) reported higher profit and forecast fourth-quarter gold sales would more than double.
Newmont stock is trading at roughly 55 times estimated 2006 earnings -- above the sector average of 53. Barrick is at 51.5 and Placer Dome at 81, according to Reuters data. On Wednesday, Placer Dome rejected an unsolicited $9.2 billion takeover bid from Barrick.
Gold closed at $495.70/496.40 in London on Friday after hitting a fresh 18-year high of $496.75. U.S. gold markets were closed Thursday and Friday for the Thanksgiving holiday.
Asked if a rise in the gold price automatically attracted more stock investment, Taylor was skeptical. "It's not been the case in the last six months as energy costs have gone up faster than the gold price. If there is a pullback in energy costs, then I would be more optimistic."
He said bullion and gold share investors were two distinct groups. "The bullion guys are very sophisticated ... and American investors are clueless with respect to gold."
Frank Holmes, chairman and chief executive of U.S. Global Investors, which holds mining and gold company stocks, is bullish on mining company equities.
"The gold market is in deficit, demand is greater than supply from the mines," he said. "It takes time to explore and develop mines, which would account for the takeovers in the industry. There is a scramble for assets now."
In the short term, he sees a correction, with gold maybe passing through $500, then dropping back. "The real test will be if it goes through $520-$525, in which case it probably runs up to $650," Holmes said. "We're in a bull market for commodities, about one quarter the way through a 20-year cycle."
Taylor agreed that gold is in a bull market. Asked whether he would choose to invest in physical gold or gold company stocks, he said, "I would want some bullion for its pure wealth as it retains its value and is a means of liquidity.
"On stocks, if costs are not rising faster than the gold price, then you should start to see wider profit margins."
Doubloon,
Might as well take a shot at the Santa Claus rally. My first selection is IMA Exploration Inc (AMEX: IMR)
This is primarily a silver play. I have two things going against me with the pick. Firstly, the silver market and its strength from now to Christmas Eve. I could be set back with another Fed rate hike. Secondly, IMR is currently in a dispute and court case, which if it loses, I definitely will lose. More can be culled out from the following link:
http://ragingbull.lycos.com/mboard/boards.cgi?board=IMR&read=47
To add to my challenge, I will select a second, high-priced coal stock, ACI, Arch Coal Inc. The energy market was down today, but coal is up and I will like to see how the market treats ACI going into the first cold month of the winter season.
sumisu
PS: I'm rooting for either Jagman (NGAS) or Beigledog (TDYH), for obvious reasons.
Doubloon,
Thanks for the UNB update; things look promising from your message.
sumisu
Jagman,
Great point on why oil companies need to retain their profits during good profit periods. Compare Exxon, for example, to Coca Cola and Microsoft, and which has the higher risk concerning Mother Nature and geopolitical events? We know the answer, but I doubt that most Congressmen have one clue about the environment confronted by those in the energy business.
sumisu
futrcash,
What a presentation of charts!
After reviewing them, I wondered if any of our politicians in Washington know the extent of the world's demand for energy. Probably not. lol
Give Americans fire crackers on July 4th and New Year's Eve plus cheap gas and they are totally complacent.
After Thanksgiving weekend when we are all stuffed with turkey, the price of gas will head up again.
Thanks for your research.
sumisu
Jagman,
That was another goody by Jim Puplava, THERE IS NO PLAN "B".
The energy sector is woefully unprepared for growing energy demand, to the point that we as a nation will be adversely affected. It's no longer a question of if, but when. I believe Peak Oil and Peak Gas are already here.
I listen to Puplava closely, as he got his clients out of the stock market before the tech wreck. Wish that I knew of him back then.
So now I'm in energy and precious metals, as he advocates. I guess most people here have the same philosophy.
sumisu
MultiCell Nominates MCT-465 as Lead Drug Candidate for Evaluation in H5N1 Avian Flu Model
Wednesday November 9, 8:30 am ET
LINCOLN, R.I.--(BUSINESS WIRE)--Nov. 9, 2005--MultiCell Technologies, Inc. (OTCBB:MCET - News) announced that its subsidiary, MultiCell ImmunoTherapeutics, has elevated MCT-465 to lead drug candidate status and will commence evaluation of MCT-465 in preclinical animal models infected with the H5N1 strain of influenza A virus, known as the "bird flu" or "avian flu" virus. These preclinical studies will seek to build on the success that MCTI's toll receptor molecule and lead drug candidate MCT-465 demonstrated in animal models infected with the H1N1 strain of influenza A virus. In these preclinical studies, originally published in the October 2002 Journal of Clinical Investigation, MCT-465 reduced pulmonary virus titers by 1,000-fold in mouse models, resulting in barely detectable levels of the virus. The results suggest MCT-465 may also be able to reduce influenza A H5N1 viral load. The H5N1 strain of influenza A virus is genetically similar to the H1N1 strain of influenza A virus.
The proposed studies will be designed to determine the effectiveness of MCT-465 to induce immunity in mice infected by the H5N1 influenza A virus. "Based upon our results with influenza A H1N1 virus in mouse models, we believe MCT-465 holds the promise of demonstrating efficacy in H5N1 influenza A animal models," said Dr. Stephen Chang, President of MultiCell. The Company plans additional preclinical studies to further elucidate the underlying immunology, as well as evaluate the manufacturing requirements and toxicology profile of MCT-465 prior to beginning human clinical trials. MultiCell acquired MCT-465 as a result of its acquisition last month of substantially all of the assets of Astral, Inc.
About Avian Flu
Avian flu is currently spreading rapidly among birds and is transmitted to humans in close contact with infected birds. The virus has not yet mutated to spread from human to human but that is a possibility. Experts at WHO and elsewhere believe that the world is now closer to another influenza pandemic than at any time since 1968, when the last of the previous century's three pandemics occurred. WHO uses a series of six phases of pandemic alert as a system to inform the world of the seriousness of the threat and the need to launch progressively more intense preparedness activities. The world is presently in phase 3: a new influenza virus subtype is causing disease in humans, but is not yet spreading efficiently and sustainably among humans.
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is a developer of therapeutic products and a supplier of immortalized human cell lines for drug discovery applications. With its majority-owned subsidiary, MultiCell ImmunoTherapeutics, Inc., MultiCell intends to commercialize new therapeutics for the treatment of degenerative neurological diseases, metabolic and endocrinological disorders, and infectious diseases. MultiCell's research labs are in Lincoln, RI. MultiCell ImmunoTherapeutics' is located in San Diego, CA.
For more information about MultiCell see http://www.multicelltech.com.
Caution Regarding Forward-Looking Statements
Any statements in this press release about MultiCell's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," and "would." MultiCell bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties we face, see documents we file with the SEC, including our Report on Form 10-KSB for the fiscal year ended November 30, 2004 and all our quarterly and other periodic SEC filings. MultiCell claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.
Contact:
MultiCell Technologies, Inc.
Jerry Newmin, 401-333-0610
or
CEOcast, Inc.
Ed Lewis, 212-732-4300
Jagman,
Perhaps when TDYH goes to $15 or $20, your $4.50 will look brilliant. LOLOLOLO
I would be buying more at this price, but my money cupboard is bear.
We will get there friend,
sumisu
Turn Around Quarter for Cour d'Alene
"Net income was $3.5 million, or 1 cent per share, compared with a year-earlier loss of $18.1 million, or 8 cents per share, the Coeur d'Alene, Idaho-based company said."
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh26420_2005-11-09_14-22-38_n09...
sumi
Jagman,
Missed estimates by a penny! LOL
Perhaps my GG position will offset my TDYH tomorrow!!
Thanks for the update.
sumi
futrecash,
Certainly looks like it! 500 shares and the price drops a quarter. Give me a break. Wonder what the bid and ask spread will be tomorrow morning?
sumi
Goldcorp Inc.: Third Quarter Earnings Jump 470% to $57 Million
For the nine months to September 30, 2005, net earnings increased to $184 million ($0.60 per share) compared with $36 million ($0.19 per share) in 2004, and operating cash flows increased to $329 million ($1.08 per share), compared with $31 million ($0.16 per share) in 2004. Gold production totalled 840,000 ounces for the nine months to September 30, 2005 compared with 462,000 ounces in 2004, while gold sales increased to 1,037,000 ounces at a total cash cost of $49 per ounce, compared with 314,000 ounces at a total cash cost of $112 per ounce in 2004.</B>
http://biz.yahoo.com/bw/051108/20051108006178.html?.v=1
sumisu
Jagman,
The company is patiently waiting for me to buy some more shares this week to average down; then they will make some announcements. LMAO
Seriously though, I'm down over 50% in TDYH, but this is one of those investments you keep for the sock drawer; it will eventually break out.
I thought today's news was promising particularly with the approaching winter season plus (and I have no proof of it) the advent of Peak Oil and Peak Gas.
We are 1/3 of the way there according to Doubloon.
Time for Dr. House.
sumisu
Doubloon,
One of the answers to world's energy policy rests with coal, especially at current higher levels for crude oil and natural gas.
www.321energy.com has an article titled "You Don’t Need Oil To Make Fuel" that merits review. One paragraph states:
"Though it sounds like alchemy, the means to turn coal into synthetic petroleum products such as gasoline, diesel and aviation fuel has been around since 1913 and was used in America as early as 1928. Germany used “synfuel” to power most of its vehicles in World War II, and South Africa used the technology to overcome apartheid sanctions starting in the 1950's."
http://motherjones.com/commentary/columns/2005/11/synfuel.html
The article by Marguerita Choy and Peg Mackey indicates to me that the world has reached Peak Oil and Peak Gas, meaning the cheapest of both fuels has already been consumed. With this in mind and knowing the potential for coal, I will be selling a portion of my gas and oil stocks during the height of the winter energy demand and putting the proceeds into coal (BTU and ACI). Unfortunately this approach will not be cheap as coal stock prices will have already increased too, but in the long run, coal holdings will be a must in an energy portfolio, imo. I feel that uranium will also be a defensive energy play in 2006 and forward.
Further in the article, it is stated that "To keep pace with booming demand over the next 25 years, top producer Saudi Arabia and its neighbours would have to spend an annual $56 billion on rigs and refineries or oil prices will race higher, said the IEA, adviser to 26 industrialised nations."
If the latter is true, it further evidences that crude oil from the Middle East will not be decreasing in the future.
I feel a sense of relief that this country has abundant coal reserves plus major strides are being made to make coal "clean."
sumisu
Doubloon,
Back from Florida and catching up on United Bolero posts.
Things seem to be progressing and I look forward to buying some more shares under the new symbol, whenever that will occur.
Thanks for your continued updates.
sumisu
Doubloon,
Can you trade under the symbol, UBDVF, yet? I'll be away to Florida for a week and might want to place a trade while there, so that answer will be useful. Otherwise, I will trade again when I return on November 3.
Only have 20,000 shares of UNB.V. I Want to definitely increase this position before production proceeds.
Thanks for your help with this investment.
sumisu
Jagman,
Turkey hot dogs; lol.
I share your concern, as well. I expected the price to rebound on Monday with the rest of the energy market.
sumisu
nlightn,
Will the sun ever shine again?
Kunstler paints a bleak picture. But he offers the initial step toward a survival solution to the energy problem.
"Any person or any group who finds themselves in trouble has to begin somewhere. They have to take a step that will prove to themselves that they are not helpless, that they are capable of accomplishing something, and accomplishing that first thing will build the confidence to move on to the next step."
I can vision a return to "victory gardens" to supplement our food supply. These were prevalent during the 1950's when I was growing up. This would be an example of accomplishing something, as Kunstler mentions.
Things will be dramatically changing in the future. The oil party could become very expensive soon.
Thanks for the post.
sumisu
nlightn,
Thanks for the post on "The Inevitable Peaking of World Oil Production," by Robert L. Hirsch.
Sadly the "Mitigation" might already be 8 years behind if the "Peak Oil" scenario begins within 2 years. I read somewhere that the world's population was 1 billion before oil was discovered and now it is closing in on something like 8 billion.
Population increases cannot be supported by a declining oil supply, so something big has to be done fast.
I can see a return to coal maybe for a national train system to move people and products around the country. Nuclear energy can be used for electricity. I think France gets 80% of its electricity from nuclear power plants.
BUT even with the information provided by Hirsch, our country's leadership will continue building highways, etc. In other words, we will do many things incorrectly, until a crisis arises.
Each day that passes will bring us closer to fossil fuel reality. Makes me want to move to an ecovillage.
sumisu
WHY IS OUR RIG SO IMPORTANT????
I posted the following link on Raging Bull. It is worthwhile to listen to the selection in this link.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AMEP&read=43812
sumisu
Pedro2004,
As usual, great post and command of math.
But do you think that we will get this distribution? Hopefully we will hear of the shareholder consideration soon.
I have half of my shares in certificate form; I look forward to receiving a certificate of Entourage Mining Ltd. in the mail.
Good luck to you Pedro,
sumisu
Cutting Corners,
Very good post; rather take the time and do the rig tuneup correctly initially and not damage it.
This rig is a "little" bigger than one made with an erector set.
sumisu
Rasica,
Thanks for the update on OMDA; your post prompted me to look up my balance and then I realized that I have 200,000 shares, a paltry position.
We can all agree that a successful producing well this winter will have a great impact on the share price. I live in the Northeast and projected natural gas prices are expected. To be honest, I have this investment to pay for my heating bills this winter.
take care,
sumisu