China and India are only beginning to consume oil at any meaningful level. Right now, they are consuming oil at a rate the U.S. did in the early years of the 20th century.
Quelle: Has Oil Hit Its Peak Price?
Freitag, 23. Mai 2008
China and India are only beginning to consume oil at any meaningful level. Right now, they are consuming oil at a rate the U.S. did in the early years of the 20th century.
Quelle: Has Oil Hit Its Peak Price?
Tags: China, Erdöl
Labels: Energie, USA, Wirtschaft
Freitag, 23. Mai 2008
So weit sind wir also schon gekommen …
America wanted to secure its access to cheap oil, […] The price of oil was only $25 a barrel when the war began in September of 2003. Yesterday, it hit $130 a barrel. And the war itself is expected to cost the nation $1 trillion or more. For all its efforts, the United States secured the most expensive energy in world history.
China, meanwhile, decided to take the capitalist road. Instead, of using military force to get oil, it simply bought it on the open market. […]
Quelle: Why Those Who Praise Capitalism Have So Little faith in It
Tags: China
Labels: USA, Wirtschaft
Dienstag, 20. Mai 2008
This past week I went to my local lube and car wash. The manager and I were talking while I was waiting on my vehicle to be washed. He told me that a year ago they would do anywhere between 80 and 100 oil changes in a typical day. But, with the rising fuel prices business has dropped to an average of somewhere between 50 and 60. As for car washes, he said that they were doing upwards of 400 a day. At present, business has dropped to between 60 and 100 per day.
Tags: Finanzen
Labels: USA, Wirtschaft
Montag, 19. Mai 2008
Amerika ist das größte Sicherheitsrisiko für die globalen Finanzmärkte.
[…] Von 2002 bis 2007 stieg das Verhältnis von Ausleihungen zu haftendem Kapital bei den großen Fünf von 30:1 auf 41:1. Soll heißen: 41 Dollar Schulden waren mit einem Dollar eigenem Geld gesichert.
Tags: Finanzen
Labels: USA, Wirtschaft
Sonntag, 18. Mai 2008
Auch Kalifornien scheint Mühe zu haben, mit unerwartet hohen Steuereinnahmen umzugehen. Gouverneur Schwarzenegger schlägt in einem Interview die Schaffung eines „rainy-day fund“ vor, um die Fluktuationen zwischen einzelnen Steuerjahren auszugleichen:
It’s only because, as I said, when there’s a spike in revenues … they grab off that money and spend it and commit it to ongoing programs…. And then everyone expects that this will now continue, but in fact it doesn’t because, as Davis experienced, the next year it was down and the revenues were flat. […]
What we want to do, kind of, is eliminate that problem and say … any revenues that come in that’s beyond 5% goes into a rainy-day fund, and keep it there. And when the revenues are down like right now … we can use this rainy-day fund to supplement the shortfall and soften the blow, not that you can solve the problem, but soften the blow….
Tags: Finanzen, Kalifornien
Labels: Politik, USA
Sonntag, 18. Mai 2008
Bankenkrise überstanden – Konsumenten bankrott:
Thornberg sees a recession in California being closer to the recession of the early 1990s in severity rather than the briefer recession after the Internet boom ended. But while California is not suffering from an industrial bust, as it did when aerospace was hit after the Berlin Wall came down, its consumers are poorly set to weather a recession.
Quelle: Californians leading the way to consumer bust – Print Version – International Herald Tribune
Labels: USA, Wirtschaft
Sonntag, 18. Mai 2008
Der in den USA über die Parteigrenzen hinweg geschätzte [Ted] Kennedy ist der jüngste und einzige noch lebende der vier Kennedy-Brüder: Der älteste Bruder Joseph kam bei einem Flugzeugunglück im Zweiten Weltkrieg um, Expräsident John F. Kennedy wurde 1963 ermordet, 1968 fiel auch Robert Kennedy einem Attentat zum Opfer.
Quelle: Ted Kennedy in Spital eingeliefert – Ausland – Tages-Anzeiger
Labels: Gesellschaft, Politik, USA
Samstag, 17. Mai 2008
The bigger carriers with deeper pockets (and more unsold seats) have kept prices relatively low while burning through cash reserves as their own fuel costs mounted. American Airlines is now losing about $3.3 million a day, and at the current rate, could burn through its $5 billion in cash reserves in as little as four years. And it has the biggest cash reserve in the industry.
Quelle: Peak Oil and the Rail Revolution
Mal schauen, ob die Erdöl-Schockwelle in den nächsten Monaten auch Europa erreicht … Auf jeden Fall erachte ich minderwertige Jobs in dieser Industrie als höchst unsicher:
Simon Fraser University professor Anthony Perl, author of the new book Transport Revolutions, predicts that in 2025, no more than 25 airports will be functional.
Eigentlich noch Schade, nicht?
There are no airline ETFs, and for good reason. It’s mostly a money losing business, with extremely slow growth rates and enormous risk and capital requirements.
Tags: Erdöl, Flug
Labels: USA, Wirtschaft
Mittwoch, 14. Mai 2008
The Fed has gone from being a balancing (liquidity) mechanism to being a funding (equity) mechanism, and what’s worse, the collateral they are holding may not be worth the amount of loan they have outstanding.
Quelle: Market Ticker
Tags: Finanzen
Labels: USA, Wirtschaft
Montag, 12. Mai 2008
Eigentlich ist ja meine USA-Bashing-Woche durch, doch weil es so Spass gemacht hat, darf folgende Erwähnung nicht fehlen:
Some day, when the economic history of this current period is better understood, people will see that the world owes a huge debt of gratitude to the American consumer. Against his own interest, he has put himself deep in debt so that others could have prosperity…and have it in greater abundance.
Quelle: Investors Sold Japan Along with the Emerging Markets
Labels: USA, Wirtschaft