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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (45890)	2/5/2006 10:19:17 PM
From: mishedlo	Respond to of 116555

The calm detachment of controlled paranoia. LOL Mish

To: Tommaso who wrote (45890)	2/5/2006 10:40:04 PM
From: mishedlo	Read Replies (5) \| Respond to of 116555

Outsource domestic car manufacturing to India? Could the Big Three (or 2½) one day outsource an entire vehicle design, from conception to working model, to another company and even another country? That’s what Tata Technologies, based in Puna, India, is hoping. Says Tata’s COO Jeffrey Sage, “"I think we are only a couple years away from seeing this happen. It is imminent." autoblog.com

To: Tommaso who wrote (45890)	2/6/2006 1:53:20 AM
From: mishedlo	Respond to of 116555

Oil Rises as Iran Says It Will Pursue Nuclear Program, Defy UN [Not to worry - we have plenty of shale - Mish - ggg] quote.bloomberg.com Feb. 6 (Bloomberg) -- Crude oil rose almost 2 percent in New York after Iran, OPEC's second-largest exporter, said it will pursue nuclear research, defying the United Nations. Iran president Mahmoud Ahmadinejad said yesterday the country will conduct uranium enrichment, a day after the program was referred to the UN Security Council to consider sanctions. The U.S. and European Union are concerned Iran's nuclear research is a front for developing atomic bombs. ``The Iranian president hasn't changed his very strong language,' said Naohiro Niimura, vice president of derivative products at Tokyo-based Mizuho Corporate Bank Ltd., a unit of Japan's third-largest lender. ``We have to prepare for the possibility that Iran may cut its exports.' Crude oil for March delivery rose as much as $1.25, or 1.9 percent, to $66.62 a barrel in electronic after-hours trading on the New York Mercantile Exchange. The contract traded $66.25 at 12:33 p.m. Singapore time, 46 percent higher than a year ago. The Organization of Petroleum Exporting Countries, which is producing near a 25-year high, has about 1.5 million barrels a day of spare output capacity, less than Iran's daily exports of 2.5 million barrels. Japan and China, the world's second- and third-largest importers, both buy more than 10 percent of their overseas oil from Iran. ``The situation in Iran could easily lead to a spike in oil prices to $75 a barrel at sometime in the not-too-distant future,' said Angus Geddes, chief executive of Sydney-based investment adviser Fat Prophets. Hugo Chavez Venezuelan President Hugo Chavez, who leads OPEC's third- largest exporter, yesterday said he may close U.S.-based refineries owned by Venezuelan state-oil companies as his relations with the government in Washington worsen. U.S. diplomats continue to engage in espionage in his country, Chavez told supporters in Caracas on Feb. 4. He has threatened to expel U.S. diplomats caught spying in Venezuela. The two countries exchanged tit-for-tat expulsions of diplomats last week. State-oil company Petroleos de Venezuela SA's U.S. unit, Citgo Petroleum Corp. owns shares in four U.S. oil refineries and two asphalt plants, with a combined daily crude processing capacity of 756,000 barrels. The company has more than 13,500 U.S. retail fuel outlets.