In this country, gas has been up to 11 DKK/liter, but our local gas station now sells at 9 DKK/liter. At current exchange ratio, that's probably $2.11/liter and $1.73/liter. This is expensive, because it's taxed, but it is now cheaper than before - however if I would be using historic exchange rates, the price in dollar has probably gone up. I live in one of the most GDP per energy effective countries, which means that rising oil prices gives us more business. Our biggest problem now is to get manpower for our businesses.
Imported products are basically so ridiculously cheap right now, that transport to the shop, mail delivery etc. is a significant part of the price.
Our business is about delivering software for the health care sector in Europe. So we're invoicing dollars, and our outsourced programmers invoice us in dollars.
I don't really know enough to recommend any publicly traded stocks over here, but Nokia is one of my favorites. Nokia's two biggest markets are outside USA, and even though they're already huge, I believe that they have one of the best starting points for the flood of devices that we will see in the future. Zune, iPod, iPhone, blackberry etc. are very much U.S.-centric, and the rest of the world thinks differently.
Other companies could be Dräger (medical equipment), Vestas (windmills, now even USA has CO2 plans), Mærsk (energy effective ship transport), Carlsberg (Beer, entering growing markets), Google (most turnover outside USA, spends most money inside USA). But please check out these companies and don't blame me if you put money into them and lose them :-) |
