Yesterday’s Wall Street Journal carried a piece detailing the possible threat to the aerospace duopoly of Boeing (BA) and its fierce European rival, Airbus. While a Detroit/Big-3 type fall is hardly the immediate fate for these two companies, companies like Bombardier and others are successfully moving into the market for smaller aircraft. The current dynamics [...]
Following up on the last post regarding peak oil and the demise of easy oil, today’s Wall Street Journal has several articles spotlighting the plight of oil majors: BP Taps Deep Water To Grow BP Sambas Up with Devon Deal Exxon Output Gains Pose Risks to Margin While the details differ, the general theme remains [...]
Many people have a misconception behind the basic premise of peak oil — they think it postulates that the world is running out of oil. Of course, the peak oil theory does not postulate that the world will soon have no oil. The world will always have oil. Peak oil relates specifically to our ability [...]
Yesterday’s Wall Street Journal carried a good article questioning the status of the Baltic Dry Index (BDI) as a barometer of global economic health. The theory goes that dry bulk shipping rates are a good indicator of demand for materials. As the article points out, shipping rates can also be affected by a supply glut [...]
That’s what this Bloomberg article suggests: Weak Dollar Illusory as Correlated Trade Shows Gains It is always beneficial to confront our own beliefs and analyses. For those of us fearing for the long-term future of the US economy, this article puts a different light on the widely disseminated fact that the dollar has lost most [...]
Since I am based in California, much of the past season’s holiday conversation covered an unfortunate topic: the housing market. More specifically, we had more than a few family and friends in various stages of mortgage distress, from being underwater to walking away. Some people were slightly embarrassed about their situation but in an era [...]
