[dust_farmer]

EMR definietly falls into the high risk / reward catagory but in the long term I think those companys that have producing assets may be ones to buy.

Decent farm land is not going to get any cheaper as there has been some major changes in demand in the last few weeks as a big monster has jumped on to the scene in the last few weeks. A company called Glencore based in switzerland has started advertizing to lease land on the west coast and mid/upper north here in south australia and they want land. They are looking at 100,000 acres on the west coast as well as another 100,000 in the mid/upper north and that is just going to throw a solid floor under land prices. I also believe they are looking for land in other states as well.

[solarpoweredlasers]

I wrote a long reply last night but the bloody forum ate it.
Bit of a shitty day today, good time to buy some with solid fundamentals.. only real question is whether you can get them cheaper tomorrow or the next day
Bleck.. lost a fair bit of profit but i'm long on most stuff so until I start losing actual money i'm not really worried. I bought more CVN today.. probably could get a better price tomorrow but not too worried. Their oil isn't going anywhere.

[dust_farmer]

thinking of buying some woodside or maybe some electisity generator company of some decription in the near future but I don't think there is any reason to rush as all the stock markets are going down at the moment and when they stop falling it's going to be a slow climb back up.
It's almost funny watching the sharemarket at the moment as I deal with sheep and cattle every day and the share market just looks like another bunch of herd animals at the moment. By that I mean passive leaders and active followers. everyone are watching every one else and following their lead, and no one thinking for them selves.

[solarpoweredlasers]

$this->bbcode_second_pass_quote('dust_farmer', 't')hinking of buying some woodside or maybe some electisity generator company of some decription in the near future but I don't think there is any reason to rush as all the stock markets are going down at the moment and when they stop falling it's going to be a slow climb back up.
It's almost funny watching the sharemarket at the moment as I deal with sheep and cattle every day and the share market just looks like another bunch of herd animals at the moment. By that I mean passive leaders and active followers. everyone are watching every one else and following their lead, and no one thinking for them selves.

[alokin]

Some analysts predicted a much lower price for crude with the sow down of the economy. But since month sth oil price is more or less stable around $90.
That must mean that we are declining yet.

[heroineworshipper]

$90 oil is a recession. $150 oil would have been break even. These are dollars, not Euros.

[LoneSnark]

A slow down does not mean much. To see what the actual new low is going to be we need an actual recession in America with 7+% unemployment.

Hell, just a slow down in China should be enough to draw a similar new low.

[lexicon]

Global "Oil Shock" Rattles World Stock markets

Gary Dorsch, Editor, Global Money Trends
March 14, 2008
editor@sirchartsalot.com

Cleaning up the mess that Mr Greenspan left behind was never going to be easy. Banks and brokers around the world face more than half-trillion dollars in write-offs as a consequence of the US sub-prime mortgage crisis, which is spreading from the US property market and roiling global stock markets. It’s toppled the US economy into a recession and the tremors are also rattling Asian stock markets.

Roughly $7 trillion has been wiped from world stock markets since the beginning of the year amid fears of a severe US economic recession and financial institutions reporting more mega losses. “The market crisis will preoccupy us well into 2008,” he said German Finance Minister Peer Steinbrueck on Feb 15th. “The financial risks securitized by banks contained packaged explosives,” and he accused rating agencies of having a conflict of interest in the role they played in the process.

So far, the Bernanke Federal Reserve has pumped more than half-a-trillion dollars into the markets with open market operations and special emergency lending schemes, to help cushion the blow to the US economy and stock markets. However, there’s evidence that the Fed’s prescription for dealing with the sub-prime debt crisis, is actually making matters much worse, and leading to “Stagflation.”

As the Fed’s rate cuts and massive money injections filter through the financial system, it weighs heavily on the US dollar, and in turn, a weaker dollar inflates huge bubbles in the global commodities markets. Fund managers have already poured an estimated $200 billion into commodities across the board, as a hedge against the explosive growth of the world’s money supply, competitive currency devaluations, and the negative interest rates engineered by central banks.

more...

http://www.321energy.com/editorials/dor ... 31408.html

[joeltrout]

The title is very misleading and makes people think peak oilers are wacko.

The stock markets being rattled is solely due to the subprime mortgage/credit issues. NOT global oil shocks.

Oil for the rest of the world isn't that expensive. I saw a chart on FastMoney that showed oil has followed the value of the euro against the dollar tick for tick since oil hit $85/bbl.

Oil is expensive for US consumers and overall supply/demand is tight but so far no shocks for the globe just the US.


joeltrout

[Valdemar]

Because the US economy isn't important to the global economy, yes?

[heroineworshipper]

Sort of like most of the money in the M3 figure has been getting shifted around & around between dot coms, real estate, & oil.

[DefiledEngine]

$this->bbcode_second_pass_quote('', '
')The stock markets being rattled is solely due to the subprime mortgage/credit issues. NOT global oil shocks.

Oil for the rest of the world isn't that expensive. I saw a chart on FastMoney that showed oil has followed the value of the euro against the dollar tick for tick since oil hit $85/bbl.

[joeltrout]

$this->bbcode_second_pass_quote('DefiledEngine', '
')
Surely, a rise of a several hundred percent in oil prices in just a few years should have an impact on the economy, no?

[joeltrout]

$this->bbcode_second_pass_quote('Valdemar', 'B')ecause the US economy isn't important to the global economy, yes?

[GreyGhost]

$this->bbcode_second_pass_quote('joeltrout', 'N')one of the drops have been due to oil. Right now oil is a small player compared to the US losing trillions of dollars in home value and wallstreet losing their shirts.

[KevO]

$this->bbcode_second_pass_quote('GreyGhost', '')$this->bbcode_second_pass_quote('joeltrout', 'N')one of the drops have been due to oil. Right now oil is a small player compared to the US losing trillions of dollars in home value and wallstreet losing their shirts.

[katkinkate]

$this->bbcode_second_pass_quote('KevO', '.')....

I agree. It's OIl going from $35 to $80 in 2 years that actually caused as in was the undercurrent/crumbling foundation of the sub prime crisis. We can't imagine what's coming. And all this as Saudi starts to run out

[centralstump]

$this->bbcode_second_pass_quote('lexicon', 'F')und managers have already poured an estimated $200 billion into commodities across the board, as a hedge against the explosive growth of the world’s money supply

[joeltrout]

$this->bbcode_second_pass_quote('KevO', '
')
I agree. It's OIl going from $35 to $80 in 2 years that actually caused as in was the undercurrent/crumbling foundation of the sub prime crisis. We can't imagine what's coming. And all this as Saudi starts to run out

[BigTex]

$this->bbcode_second_pass_quote('heroineworshipper', 'S')ort of like most of the money in the M3 figure has been getting shifted around & around between dot coms, real estate, & oil.