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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 (49861)5/9/2009 10:09:03 AM
From: Tommaso  Read Replies (1) | Respond to of 219713
 
>>>
Certainly, $80 this year looks like a 99% certain thing to me.
After all, the planet is running out of oil.
<<,

But the United States just added huge natural gas reserves using the new fracking technology (tight shales spread through paleozoic plateaus from New York to Arkansas, plus formations in Texas and Louisiana).

So it's doubly good news for the tar sands.



To: Seeker of Truth who wrote (49861)5/9/2009 3:35:18 PM
From: Tommaso  Read Replies (1) | Respond to of 219713
 
I have been feeling kind of stupid about my investments, but I just checked, and the family portfolios are down about 14% from the peak in June of 2008. That compares with 35% down for Buffet's Berkshire Hathaway stock.

If either gold goes to $1100 or else oil goes back above $80, I think I will be well ahead.



To: Seeker of Truth who wrote (49861)5/9/2009 4:46:16 PM
From: elmatador  Respond to of 219713
 
Angola home prices fall, but still sky-high nearly 12,000 dollars per square metre

Angola home prices fall, but still sky-high
google.com
LUANDA (AFP) — Home prices are falling in oil-rich Angola's capital Luanda, but prime property downtown is still selling for nearly 12,000 dollars per square metre, a report released Friday said.

Property values here have soared since the end of civil war in 2002, as companies from around the world clamoured to set up offices to invest in the African country's booming economy, according to the 2009 Luanda Real Estate Study.

The report showed a fall in house prices, with a four-bedroom house in an upmarket surbub selling for an average of around 1.1 million dollars, compared to 3.0 million dollars in 2008.

In the newly built suburb of Talatona, south of the capital, large properties are going for 800,000 dollars, compared to one million one year ago.

However rental prices remain high as international firms jostle for housing and office space in the capital city.

A four-bedroom city property can go for to up to 30,000 dollars a month.

Fernando da Ponte, who runs Century 21 real estate agency in Luanda, said he had seen a slight slowdown in the housing market, but expected it to pick up next year.

"Part of the problem is that many people bought houses up front, off plan and those houses aren't built yet so they don't have the rental income to go on and buy a new place," Da Ponte told AFP.

"I don't think it's so much that the prices are going down, but I think developers are building smaller properties to make prices more attractive to more people," he added.

Angola experienced more than 30 years of strife with its independence struggle followed by a 27-year civil war that ended in 2002. Since then, the country's oil and diamond wealth have driven economic boom.

Overcrowding in Luanda, a city built for 800,000 but now home to more than five million, has also put pressure on the housing market, and landlords have cashed in on the high prices oil companies with large international staff are prepared to pay.

Meanwhile about two thirds of Angola's population live on less than two dollars a day in sprawling shantytowns, with little access to clean water, sanitation or electricity.



To: Seeker of Truth who wrote (49861)7/29/2009 12:14:17 AM
From: TobagoJack  Respond to of 219713
 
hello seeker, testing 1, 2, 3



To: Seeker of Truth who wrote (49861)7/31/2009 4:33:14 AM
From: Maurice Winn4 Recommendations  Respond to of 219713
 
Particular oil fields are being drained, but there is no shortage of buried carbon readily available for combustion: <the planet is running out of oil.> There is enough for hundreds of years of burning.

Since CO2 is plant food, not a pollutant as is commonly and mistakenly thought, more of it is a good thing, especially since there is no Greenhouse Effect after 100 years of effort.

Perhaps by 2100, a review of CO2 concentrations in air will show that people should ease off carbon combustion. You probably won't be around to worry about it. Neither will I.

Given the technological progress of the last 100 years, it seems unlikely that 2100 will look like 2010. Combine technological developments with population trends and there seems unlikely to be any concern at all about CO2 by 2100.

Decisions on CO2 production can be deferred for another 30 years without any concern. If CO2 is a problem, people then can simply stop putting it in the atmosphere. It's not as though the current SUVs will still be thrashing around the freeways.

In just a decade, the Prius became a significant device. In 2 decades there will assuredly be substantial developments in all directions.

No worries about oil shortages and CO2 surpluses.
Mqurice