Real estate boom in US deserts
Bob Morris @ Jul 17th 2008 20:31 - Category: Renewable energy, Solar power ;
Say what? Yes, real estate sales in the desert are hot, hot, hot. Not for homes, but for locations to install solar power projects.
Archive for July 17th, 2008
SEC blocks short sales for some financials
Bob Morris @ Jul 17th 2008 15:27 - Category: Credit crisis ;
I have news for Bernanke and the SEC. This won’t work. China had short sale restrictions on and it did not stop the Shanghai index from falling over 50%. Insolvency cannot be cured by short sale restrictions and many of those companies are insolvent.
It also appears to be free money for stock traders. With restrictions on shorting, then these financials will soar short-term. Traders will pile on buying them for what seems an almost guaranteed quick gain before the prices drop again.
This is truly a panic measure and 100% guaranteed to fail.
Red flowering tree. Havi, Hawaii
Bob Morris @ Jul 17th 2008 10:57 - Category: Unfiled ;
Not sure what kind of tree it is. Spectacular flowers though! We’re in on the Big Island until Tuesday. Lots of photos coming the next few days as we travel to Hilo, Puna, then around the island to Captain Cook and the coffee plantations, Kona, then back to Havi.
Energy crisis, A discussion with Matt Simmons
Bob Morris @ Jul 17th 2008 07:41 - Category: Peak oil Tags: oil prices;
Gasoline historically has been extremely cheap. It still costs less than beer or most any other liquid. Matt Simmons thinks gas could go to $12-15 a gallon. Demand is increasing while supply is dropping. That’s the problem.
Bury co2 under Pacific near California?
Bob Morris @ Jul 17th 2008 01:19 - Category: Unfiled ;
This plan to bury co2 8,000 feet deep in rock 200 miles off California seems 1) expensive and 2) risky to me.
How could they possibly guarantee the co2 wouldn’t accidentally be released during an earthquake? Rather than screwy schemes like this, we need to cut back on co2 emissions instead.
