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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (9481)5/23/2008 11:09:55 AM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
Ah..ok.. then we're both tracking the same logic..

Yeah.. prices are overly high and certainly due to come back down.. I was just finagling over the price it would reach per bbl before that sell-off occurs. There just so much money invested in oil at the moment, that these institutionals are going to need a major push in which to distribute. Which means they have to squeeze the shorts.. sucker them in some more.. and then slam them.

But in the mean time, I think we're going to see some real news stories about Hybrids and Plug-ins.. This summer driving season is going to be good for that technology.

Not to promote companies I follow, but I recently started trading Quantum Fuel Systems (QTWW) again.. They've got some very interesting technology with their Fisker Karma and they are involved with GM (their largest shareholder) in their hybrid and hydrogen programs):

uk.youtube.com

youtube.com

The reason I mention it, is that companies like QTWW are at the forefront of these transitions to alt-energy, and what they are researching on behalf of their major customers is the vision of the future.. Their Karma can drive for 50 miles on electric, and then seamlessly revert to gas engine power, allegedly up to a 600 mile range... And most importantly, it's a PLUG-IN!! That gives people options!!

That 50 miles represents more than the average mileage people put on their cars for their daily commute, which probably equates to 1-2 gallons per day. Bring that solution to the overall market, get every car hooked into this technology and a vast percentage of our oil consumption will be reduced.

The technology solutions are out there.. All that's required are the proper market forces to convince industry to commercialize them.

But that still isn't going to help the developing world, until those technologies are made affordable to them.

Hawk