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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Seeker of Truth who wrote (35063)5/22/2008 9:44:16 AM
From: CynicalTruth  Respond to of 220065
 
Re: " Chance of this drive being implemented? My guess is 0.1"

LOL, I give it a negative 100%....



To: Seeker of Truth who wrote (35063)5/22/2008 10:25:53 AM
From: elmatador  Read Replies (1) | Respond to of 220065
 
Dismantling an economic system based in owning world's reserve currency is not something that is done in half a decade. It is the work for a couple of decades, minimum.

Everyone of the sources mentioned has entrenched special interest groups with a senator elected to defend it and an offic of a lobbyst in D.C.

You know what they are doing today? Voting to sue OPEC!
asking a panel of oil executives how much they earm a year. Spectacles for the soon to be shirless.

system"US being the major hog of oil": uses 20 million/day.



To: Seeker of Truth who wrote (35063)5/22/2008 11:46:32 AM
From: elmatador  Read Replies (2) | Respond to of 220065
 
owners of Britain's estimated 17m diesel cars now find that they have a white elephant on their hands? As the price nudges £6 a gallon.

It was sold as the great 'green' fuel. But with prices at a record high, have diesel drivers been taken for a ride?

Spiralling: The cost of diesel has shot up even faster than petrol, as the oil prices soars

industry and agriculture relies on diesel - rising costs will translate into higher prices in the shops

ELMAT: It explains why the connection between Cosan and BP...

Why is diesel becoming so expensive?
Michael Hanlon, Daily Mail
22 May 2008, 10:02am

The Daily Mail's science editor Michael Hanlon explains how diesel is greener and more efficient and why its cost is rising so fast.
Touted as the fuel of the future, it was once condemned as a noxious menace, responsible for belching clouds of carcinogenic particles into the atmosphere and into our lungs.

Now diesel is the acceptable, green face of motoring.

Diesel cars have never been so popular. At the end of the Nineties, only about one in eight cars in Britain used diesel; this year the figure is set to nudge 50%. In France, more than seven in ten cars sold are powered by it.

Modern diesel engines are generally reliable, emit relatively little CO2, and black smoke is largely a thing of the past.

As petrol prices soared, it was not surprising that motorists were eager to switch to diesel; who wouldn't when it meant a 20-30% saving in terms of miles per gallon?

But maybe not for much longer. Diesel may be green and increasingly clean, but it is no longer cheap. The price of diesel recently overtook unleaded petrol by few pence per litre - but now the differential is widening by up to 13p in some filling stations.

As the price nudges £6 a gallon, will the owners of Britain's estimated 17m diesel cars now find that they have a white elephant on their hands?

Why diesel is more efficient and greener

The story of diesel is one of an extraordinary roller-coaster ride in popularity. And looking back, it is clear that whether diesel or petrol wins the automotive beauty contest has little to do with science and engineering and a lot more to do with taxation policies and green fashions.

Diesel (the name comes from German inventor Rudolf Diesel, who built the first diesel-powered engine in 1892) and petrol are spirits derived from the refining of crude oil.

Fuel that can be used in diesel engines can also be derived from vegetable matter, such as used cooking oil, and a whole number of 'biodiesels' made from crops such as oilseed rape and palm oil. Diesel is heavier and 'oilier' than petrol and has a considerably higher 'energy density' - the amount of power that is liberated when a given volume of the fuel is burned.

In scientific terms, diesel produces about 40 megajoules of energy per litre, as opposed to about 35 for petrol. Diesel engines generate 10-20% lower CO2 emissions per mile than an equivalent petrol engine. In addition, diesel is cheaper to make and easier to store, being less prone to evaporation.

Fuel shocks made diesel the motorist's friend

Despite all this, it took several decades for diesel engines to become popular. Old diesel cars were sluggish, rattled like a bag of spanners and spewed enough fumes to suffocate a streetful of pedestrians.

Until the Seventies, diesel cars were virtually unknown in the UK, being confined almost exclusively to the taxi market. Then along came the first oil crisis, when Middle Eastern countries realised they could wield both financial and political clout by reducing supplies.

This was when several car manufacturers, notably in France and Germany, began developing cleaner, more efficient diesel motors as a consequence of rising oil prices. Sales of diesels soared on the Continent, which caused serious problems in the Eighties and Nineties as millions of still relatively unsophisticated diesel cars created smog across cities such as Paris and Lyon.

The French government promoted and subsidised the development of diesel engines, but at one point it got so bad that the Parisian authorities restricted the use of cars to alternate days depending on their numberplate. This was diesel's low point, and by the mid-Nineties the fuel was renowned as one of the worst pollutants. In Britain, the response of government was to push up tax on diesel to make it as expensive as unleaded (it had previously been taxed at a lower rate than petrol).

As a result, investment in diesel technology waned and petrol surged ahead in popularity again, helped also by falling oil prices.

Global warming and the new diesel boom

Have the wheels fallen off for diesel? As the cost of diesel spirals, is it still worth buying one?Then along came global warming. Suddenly, diesel, with its better efficiency, was back in favour. Taxes across Europe were adjusted and moves in Britain to levy lower taxes on cars with lower CO2 emissions meant a huge new surge in the popularity of diesel.

Car manufacturers have responded by developing a new generation of clean and incredibly efficient diesel engines.

BMW makes a small directinjection diesel-powered saloon that is as fast as an E-Type Jaguar yet does more than 45mpg (when I drove one it used less fuel than my borrowed Toyota Prius hybrid).

And Audi has unveiled a diesel version of its new 200 mph R8 sports car which is more economical than an old Volkswagen Beetle.

Why is the cost of diesel rising so fast?

Diesels are still a bit clattery, but the days when they were associated with smoky exhausts and plodding performance are over. So why is diesel getting so expensive?

First, there is the problem of oil-price rises generally. Oil production is static at best, and demand is soaring, especially in the emerging economic giants of India and China.

But there are pressures on diesel that are forcing its price up even faster than that of other petrol products. In Britain and the rest of Europe, spiralling demand for diesel has led to a shortage of refining capacity. Much of the new demand for fuel in China is for diesel, not petrol. And, of course, when supply falls and demand rises, the inevitable result is higher prices.

Should you still buy a diesel car?

So should you buy a diesel car? If you want a large, very powerful vehicle and do a lot of miles annually, the answer is still probably yes. With fuel economies typically around 35mpg for a big diesel, and in the high-teens for a similar petrol version, even £1 or so a gallon more at the pump still means a clear victory for diesel.

But for smaller cars, and particularly for family motorists who do average mileages, the balance is now swinging back in petrol's favour. Diesel cars are more expensive to buy and dearer to service. Some of the newest small petrol engines deliver fuel efficiency on a par with or even greater than that of diesel.

In the United States, where taxes on all fuels are low, diesel has never historically been popular for road cars.

In the end, though, what people choose to power their cars all comes down to tax. And therein lies the problem for the Government. It cannot blame the problem entirely on world oil prices, and hauliers who rely on diesel have in recent years shown how effective they can be in taking action against the Government.

Likewise, industry and agriculture relies on diesel - rising costs will translate into higher prices in the shops, which is not good news for a government already under pressure over the rate of inflation. The fact is that only a small fraction of the cost of what comes out of the pump nozzle has anything to do with oil prices, refining capacity or increased demand in China.

With more than two-thirds of the pump price being accounted for by the Chancellor, what kind of engine you choose is, in essence, down to politics rather than the science of internal combustion.



To: Seeker of Truth who wrote (35063)5/22/2008 8:16:46 PM
From: Jim Fleming  Respond to of 220065
 
Seeker re need for energy action

I wrote an email to some people yesterday saying exactly the same course of action was necessary. I am going to forward your message to my crowd to show that I am not alone in my thinking.

Jim



To: Seeker of Truth who wrote (35063)5/23/2008 8:08:11 AM
From: elmatador  Respond to of 220065
 
PRB strikes again Message 24614981



To: Seeker of Truth who wrote (35063)5/23/2008 11:40:46 AM
From: energyplay  Respond to of 220065
 
" Chance of this drive being implemented? My guess is 0.1"

That makes you an optimist ! ;-)

Last President with a good energy policy was Gerald R. Ford.

Carter stopped the hard options - nuclear and more drilling.
Reagan's crew slowly shut down the funding for 'soft' options wind, solar, etc.

The only candidates that I know understand that this needs to be done are Bill Richardson (D) and Mitt Romney (R). Maybe Jim Webb, Democratic Senator from Virginan.

All three have a chance at becoming vice president.

Maybe McCain, having been in the Navy, understands the importance of energy.



To: Seeker of Truth who wrote (35063)5/23/2008 1:27:17 PM
From: elmatador  Respond to of 220065
 
Nossa Caixa gained 9.10 reais, or 33%, Banco do Brasil SA, Banco Bradesco SA and Banco Itau Holding Financeira SA, the nation's three largest publicly traded lenders, all fell after saying they want to buy Nossa Caixa.

Consolidation time...

Nossa Caixa Jumps Most Ever on Takeover Speculation (Update2)

By Adriana Arai and Alexander Ragir

May 23 (Bloomberg) -- Banco Nossa Caixa SA rose the most ever as the country's biggest banks vied for control of Sao Paulo's state-controlled lender.

Nossa Caixa gained 9.10 reais, or 33 percent, to 36.70 reais in Sao Paulo trading at 11:46 a.m. New York time, extending a nine-day rally and boosting its market value to 3.92 billion reais ($2.37 billion). Banco do Brasil SA, Banco Bradesco SA and Banco Itau Holding Financeira SA, the nation's three largest publicly traded lenders, all fell after saying they want to buy Nossa Caixa.

The bidding for Nossa Caixa, 71 percent owned by Brazil's wealthiest state, highlights a fight for assets between non- government banks and federally controlled Banco do Brasil as lending growth tops 30 percent annually.

``It's one of the last opportunities to buy a state bank,'' said Pedro Fonseca, an analyst who covers global emerging markets for Nomura Securities in London, in a telephone interview. ``Neither Bradesco nor Itau will let Banco do Brasil buy it on the cheap.''

Banco do Brasil, based in Brasilia, said May 21 that it's in talks to acquire Nossa Caixa. Bradesco and Itau, which bought most of the regional state banks sold by the government in the past few years, said today a controlling stake in Nossa Caixa should be sold at an auction. Brazil's market was closed yesterday for a holiday.

`More Transparent'

``An auction makes things more transparent,'' Bradesco Chairman Lazaro de Mello Brandao said in a statement e-mailed today. ``Banco do Brasil is a strong candidate, but the right to competition can't be eliminated.''

Nossa Caixa, with 46.48 billion reais ($28.13 billion) in assets as of Sept. 31, is the biggest regional bank controlled by the government.

``The stock was very cheap so it justifies a bigger premium,'' said Eduardo Roche, who helps manage the equivalent of about $280 million at Rio de Janeiro-based Modal Asset Management. ``There wasn't acquisition speculation priced in like other banks, it wasn't the talk of the market.''

Nossa Caixa price relative to the cost of its assets is 1.36, less than half the price-to-book ratio of Itau, Banco Bradesco or Uniao de Bancos Brasileiros SA, Brazil's third- biggest non-state bank. Banco do Brasil's price-to-book ratio is 2.88.

Raised Rating

Deutsche Bank raised its rating on Nossa Caixa to ``buy'' from ``sell'', saying there is a ``high probability'' of the deal will be completed in the next 6 months and that Nossa Caixa a ``good fit'' for Banco do Brasil.

Nossa Caixa posted a loss of 67.9 million reais in the third quarter because of a jump in provisions for potential labor expenses. Net profit during the first nine months of 2007 fell 18 percent to 317.6 million reais.

Banco do Brasil is also in talks with the state of Santa Catarina to buy Banco do Estado de Santa Catarina SA and with Piaui state to acquire Banco do Estado do Piaui SA. In September it also announced its interest in acquiring Banco de Brasilia SA.

Banco do Estado de Santa Catarina SA gained 16 percent in Sao Paulo trading, the most in three months. Banco do Brasil said in April it was in talks to take over the southern state- controlled bank, known as Besc.

Bank lending in Brazil, which has expanded every month since February 2004, rose 6.1 percent in the first quarter and 31 percent in the 12 months ending in March to a record 992.7 billion reais ($599 billion), according to central bank figures. Brazil's $1.07 trillion economy expanded 5.4 percent last year.

Brazil's economy grew in 2007 at the fastest pace in three years, according to data compiled by Bloomberg.

To contact the reporter on this story: Adriana Arai in Sao Paulo at aarai1@bloomberg.netAlexander Ragir in Rio de Janeiro at aragir@bloomberg.net;



To: Seeker of Truth who wrote (35063)5/23/2008 4:23:48 PM
From: elmatador  Respond to of 220065
 
More consolidation: InBev-Bud: The Brazilians Are Coming.
Message 24616888

the management team at InBev has a reputation for ruthless efficiency in cutting costs. The mooted cost savings in a deal with Anheuser would be in line with other deals in the beer industry - though those close to the company expect that the level of savings announced would be exceeded by InBev's cost zealots.

The scale thing I keep talking about...