Jimbo

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  • Car Prices Keep Falling, Consumers Keep Waiting
    Sounds like deflation to me.
    Sep 06 10:41 am |Rating: 0 0 |Link to Comment |View article
  • Forget $100 a Barrel - Oil Will Plummet to $30
    Methinks Mr. Schwarz has been drinking the fermented Koolaid. If the market price for a barrel of oil falls to $30, you can forget about any crude from Tar Sands, not just Canada, but elsewhere.Heavy oil is equally costly to produce. If oil drops much below $100, OPEC will cut back conventional production. The alternative sources of energy he cites seem to me to be at least two decades away, regardless of St. Obama and Mother Pelosi. Electricity created by wind in North Dakota must suffer transmission loss before folks in Chicago can use it.( I am an indirect investor in wind power and other sources, by the way). Having ridden in natural gas powered vehicles in the Netherlands, NG certainly seems to be an alternative. But there are real costs attached to all these alternatives. Curiously, the author did not mention coal to liquids, a well established, on-the-shelf technology.
    Aug 16 13:03 pm |Rating: 0 0 |Link to Comment |View article
  • Is General Motors Closer to a Default?
    I owned GM cars in the past. When I wrote the president of a GM division about an annoying defect that the service department said it could not correct, I never received a reply. Whenever I write the president of Subaru America, I don't get a reply from him but a subordinate does send an intelligent, pertinent reply.I am now driving my third Subaru. I wonder if there is a message somewhere for GM?
    Jun 30 11:31 am |Rating: 0 0 |Link to Comment |View article

Jimbo's Comments Stream Stats

  • 142 Comments, 35 , 9
  • Total Comment Stream rating - = 26