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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (59969)	5/1/2006 6:20:03 AM
From: dave9	Respond to of 110194

Nicely done. www2.barchart.com

To: TobagoJack who wrote (59969)	5/1/2006 5:06:30 PM
From: shades	Read Replies (1) \| Respond to of 110194

China Energy Tech Target of Purported Class-Action Suit (did these hong kong types lie?) Dow Jones Newswires China Energy Savings Technology Inc. (CESV) was named the defendant in a securities lawsuit seeking class action status filed in U.S. District Court for the Southern District of New York. The suit claims that the Hong Kong company, which sells energy-saving products in China, issued a series of materially false statements concerning a private placement and other matters. The suit seeks to represent investors who acquired China Energy securities between April 21, 2005 and Feb. 15, 2006. China Energy disclosed in February that the Securities and Exchange Commission was conducting an informal inquiry into the company. Efforts to reach China Energy for comment weren't immediately successful. -John Seward; 201-938-5400; AskNewswires@dowjones.com (END) Dow Jones Newswires May 01, 2006 15:36 ET (19:36 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 03 36 PM EDT 05-01-06

To: TobagoJack who wrote (59969)	5/1/2006 5:08:44 PM
From: shades	Read Replies (1) \| Respond to of 110194

Time Magazine Lists 100 Most Influential People (Jay does Daddy Yankee shape your world - I live in the states and this is the first I have heard that name - too much time on SI I guess) NEW YORK (AP)--Oscar winners George Clooney and Reese Witherspoon and German Chancellor Angela Merkel are among the newsmakers on Time magazine's list of 100 people who shape our world. The list of 100 most influential, in the issue on newsstands Monday, also includes world leaders Hugo Chavez of Venezuela and Ehud Olmert of Israel, plus entertainers Daddy Yankee, Ellen DeGeneres and Meryl Streep. There are a total of 104 names on the list of 100, with Tom Anderson and Chris DeWolfe, founders of the MySpace Internet sites, and former presidents Bill Clinton and George H.W. Bush sharing spots. The list includes 79 men and 25 women from 29 different countries including Bhutan, Liberia and Luxembourg. Separately, Time named 15 power couples such as singers Jay-Z and Beyonce and actors Brad Pitt and Angelina Jolie, plus five couples from history including the artists Frida Kahlo and Diego Rivera. (END) Dow Jones Newswires

To: TobagoJack who wrote (59969)	5/1/2006 5:22:21 PM
From: shades	Respond to of 110194

Cargill CEO Questions Whether Ethanol Should Be Priority (el mat likes Cargill guys eh?) By Stephen Wisnefski Of DOW JONES NEWSWIRES MINNEAPOLIS (Dow Jones)--At a time when the U.S. government is promoting ethanol and several companies are investing heavily in the product, the head of one of the world's largest agribusiness companies is skeptical that certain biofuels are the answer to the country's reliance on foreign oil. Warren Staley, chief executive of Cargill Inc. (CRG.XX), says that ethanol and biodiesel will be good, profitable businesses, but that the Minnesota company's first priority is to be the leading global food provider. Promotion of ethanol, he said Monday, runs contrary to that goal at a time when the need for increased food production is critical. "If it's ethanol and biodiesel, we have to look at the hierarchy of value for agriculture land use: food first, then feed and last fuel," Staley said during a presentation at the annual meeting of the Society of American Business Editors and Writers. "Today, we are providing subsidies to fuel uses while often erecting barriers to new food and feed technologies." The energy bill Congress passed last year mandates that ethanol account for an increased proportion of total motor fuel used in the U.S. President George W. Bush last week reiterated his commitment to alternative fuels, as pressure mounts on the government to take steps to contain energy costs as oil once again has topped $70 a barrel. Several companies, notably Archer Daniels Midland Co. (ADM) and leading car companies such as General Motors Corp. (GM) and Ford Motor Co. (F), have ramped up their ethanol-related activities. "We need to be clear about what interests are driving renewable fuels - is it farm policy? Energy policy? Environmental policy? Rural development policy?," Staley said. "How do we get a thoughtful discussion of these choices, so that we end up both with the right policy choices and investor confidence in those choices?" Staley told reporters after the speech that Cargill is investing about 5% to 6% of its capital in ethanol and biodiesel operations, up from about 2% to 3% just a few years ago. He wouldn't specify how much the privately held company is spending on such programs, saying only that it's "well over $1 billion" a year. He also said that Cargill is involved in joint ventures to provide small companies with the expertise to develop their own ethanol businesses. Cargill's financial commitment to biofuels pales in comparison to that of ADM, which has seen its stock price soar in recent months in part because of investor optimism about the expansion of its ethanol business. Last week, ADM named former Chevron Corp. (CVX) refining and marketing head Patricia Woertz as its new chief executive. Staley said that the decision to name a new CEO from the energy business "said a lot about ADM" and its future strategy. Cargill, for its part, has no intention of pursuing a similar strategy. "I have to be a prudent investor of my shareholders' money," Staley said, noting that Cargill's status as a private company gives it a relatively small pool of capital to deploy. The bottom line for Staley, however, is that using scarce land to increase ethanol production is out of step with the need for increased global food production in the coming years, especially given the limited impact that ethanol could ultimately have in driving down dependence on foreign oil. According to Staley, even if 100% of the U.S. corn crop were used to produce ethanol, it would only replace about 20% of motor fuel. In the U.S., ethanol is made primarily from corn, while other countries use sugarcane as the main input. "You would have to do a lot more to solve the problem of reliance on motor fuel," Staley said. He noted that the Bush-touted policies of using biomass, or agricultural waste products, to produce fuel are likely two decades away from having a big impact. The ethanol bet that many companies are making now could also go astray if the price of petroleum drops significantly, Staley said. -By Stephen Wisnefski, Dow Jones Newswires; 312-952 4597; stephen.wisnefski@dowjones.com (END) Dow Jones Newswires May 01, 2006 17:17 ET (21:17 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 05 17 PM EDT 05-01-06

To: TobagoJack who wrote (59969)	5/1/2006 5:48:31 PM
From: shades	Read Replies (1) \| Respond to of 110194

Goldman Sachs buys Ethanol today.reuters.com Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) is placing a bet on "cellulosic ethanol," the alternative-fuel technology touted by President George W. Bush in his State of the Union address earlier this year. The Wall Street firm is investing C$30 million for a minority stake in Iogen Corp., a closely held Canadian company that has been at the forefront of efforts to turn agricultural waste into ethanol.