From the monthly archives:
Interesting story in the New York Times yesterday …
Shortages Threaten Farmers’ Key Tool: Fertilizer Some kinds of fertilizer have nearly tripled in price in the last year, keeping farmers from buying all they need. That is one of many factors contributing to a rise in food prices that, according to the United Nations’ World [...]
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Gasoline could hit $7 a gallon in four years: CIBC Crude predicted to top $200 by 2012 on tight supplies, pushing gas higher SAN FRANCISCO (MarketWatch) — Surging crude prices, which could surpass $200 a barrel in four years on tight supplies, could push gasoline prices to as high as $7 a gallon, CIBC [...]
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Phil and I talk a load of fertilizer in this week’s interview on HoweStreet.com.
http://tinyurl.com/3mq4pw Along with fertilizer, we also cover oil, gold … the usual suspects.
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I could buy an electric car if I wanted to now. A new electric car dealership opened in my home town last week …
ZAP Electric Car, Truck Arrive in Florida Xebra, an electric four-door compact car or two-seat pickup that transforms into a flat-bed or a dump truck. The vehicle was designed for [...]
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A monthly Energy Department report said demand for finished petroleum products dropped 8.5% in February from January — to 573,677 million barrels from 623,545 million barrels — and demand for gasoline fell by 6.2%, to 256,422 million barrels from 273,235 million barrels in January.
News articles have said (and I’m quoting from one): “Though [...]
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OPEC warns Oil Could Reach $200 Chakib Khelil, president of the Organization of Petroleum Exporting Countries, blamed the falling value of the US dollar, which makes other assets, including oil, more attractive for foreign investors.
Of course, this is old news to you, if you read my Money and Markets column: Oil Tops $119! [...]
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From the wires …
NEW YORK (AP)– Oil prices rose sharply Friday on news that a ship under contract to the U.S. Defense Department fired warning shots at two Iranian boats. Retail gas prices as expected rose further into record territory, nearing $3.60 a gallon.
XX UPDATE: I was confused earlier by a confusing [...]
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Looking at this daily chart of the euro, gold and the US dollar, we can see …
Gold, which often moves in sync with the euro, is going lower.
The euro has broken its uptrend and seems to be going lower.
The dollar has broken its downtrend and seems to be going higher.
These trends [...]
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Potentially HUGE news for platinum (and not good news) …
New Mitsui Mining Autocatalyst Uses Silver, Not Platinum
Mitsui Mining and Smelting Co Ltd said on Wednesday it has developed a new catalyst for diesel engine cars that replaces the use of platinum with silver, a less conventional but much cheaper metal.
By substituting [...]
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The World Gold Council has released its Gold Investment Digest for Q1 2008. It’s a mix of bullish and bearish news. Jewelry demand dropped off in the fourth quarter, investment demand is becoming a bigger and bigger force in the market, and mine supply is falling off.
Here’s a chart I found interesting.
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