J.P. Morgan finds that the ‘big five’ food and beverage companies use 150 billion gallons of water per year, enough to satisfy the daily water needs of every person on the planet…
September 3rd, 2008 | Bill Bonner | 0 comments | ContinuedResources
Commentary on global resources such as oil, food and energy, by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
2008 Energy & Geology Tour
My journey began in mid-July, when I flew west to Vancouver via Air Canada. I spent a week there, attending the Agora Financial Investment Symposium…
September 3rd, 2008 | Byron King | 0 comments | Continued
The Energy Resources Are Out There
In the world of energy and scarcity, the name of the next president of the United States will matter quite a bit. “People are policy,” as Ronald Reagan used to say. But then again, a lot of energy and scarcity facts defy party labels. The energy resources are out there. They are what they are and where they are. We can exploit the resources or not. But it’s not like in Star Trek…
August 28th, 2008 | Byron King | 2 comments | Continued
Corn Prices on the Rebound
Global commodities markets have been falling for more than one month now at sometimes impressively fast pace. Energy, precious and base metals, and also agricultural products have declined by double digit percentages. It means therefore that there are potential technical rebounds on those markets and opportunities to take profit for more or less short-term corrections. Corn may be one of those opportunities. Corn prices yesterday fell…
August 21st, 2008 | Gabriel Andre | 3 comments | Continued
OPEC Takes in More Cash than the U.S. Government
OPEC’s revenues add up to more than a $1.1 trillion per year - more than the U.S. government gets in tax receipts. If OPEC were to save its money, in just three years it could buy nearly the entire Dow…
August 18th, 2008 | Bill Bonner | 0 comments | Continued
The Offshore Drilling Boom Creates Demand for Infrastructure
The Adventures of Tintin is a comic book series started back in 1929. In one of these adventures, Tintin discovers oil on old American Indian lands. In a series of panels, a little construction boom transforms a wilderness into a busy city in a matter of hours.
August 14th, 2008 | Chris Mayer | 0 comments | Continued
Robert Friedland: An Interview with Ivanhoe’s Giant
Did you see the great interview with Vancouver-based mining magnate Robert Friedland in today’s Financial Review? It’s worth three dollars to read the interview (how’s that for inflation?). Friedland is talking up the Aussie float of Ivanhoe Australia Limited (ASX:IVA). He is a world class promoter and, depending on your perspective a visionary the likes of Andrew Forrest. His strategy is simple. Buy a distressed asset. Front up the money to drill it like nobody’s business.
August 12th, 2008 | Dan Denning | 1 comment | Continued
Red Bear Rising: Russia’s Resource Based Geopolitical Strategy
Is the Red Bear Rising again? We promised a few extra thoughts on what’s going on in the Caucasus yesterday. Here they are. Investors should take note that Russia’s Grand Geopolitical Strategy is resource based (energy and metals).
August 12th, 2008 | Dan Denning | 3 comments | Continued
Price of Oil May Rise Due to Scale of Georgian Conflict
“Oil rises on troubles in Georgia…” The headline is a sign of our time. Today, the world believes in money. In economics. In material progress. Everything else takes second, third, or fourth place. It is easier to see small changes in the price of oil than big changes in the way you look at the world.
August 12th, 2008 | Bill Bonner | 0 comments | Continued
Deutsche Bank Tells Clients to Get Out of Commodities
Well, that’s it. Apparently the commodities boom is over. The folks at Deutsche Bank (NYSE: DB) told clients to get out of commodities. They say China is slowing. The whole world is slowing. Oil will return to its “marginal cost of production,” somewhere between US$60 and $80 and gold will settle around $650. Of course it’s possible they’re right. You have to take each one of these predictions from the investment banks for what they’re worth, though. Sometimes they’re late to the party…
August 8th, 2008 | Dan Denning | 8 comments | Continued