Ethanol and Colgate Peppermint Flavour

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Ethanol is most likely not going to be the solution everyone is looking for in the search for the next alternative energy.

In fact, according to Justice Litle, “If Paul Revere were a present-day oil executive, he’d be driving his Mustang through the streets, shouting: ‘The diesels are coming!’ While diesels dominate Europe, with more than half the domestic market, they have mainly been restricted to trucks, 18-wheelers and other commercial vehicles in the United States.

“With October’s arrival of ultralow-sulfur diesel, which reduces sulfur content by 97%, diesel is set to cross the Atlantic in a big way. Automakers are gearing up for the change, with Mercedes in the lead and Honda a serious contender. Mercedes’ new diesel leaves Lexus ‘in the dust,’ Fortune reports, and Honda has clean-diesel cars in the works for 2008.”

One of the big technologies of the future will be liquefied coal, whether the diesel engine wins over the public or not. While oil supplies run low, there is still enough coal to last for over 300 years – and new advances in this field have figured out how to clean up the pollution aspects of coal…and found a way to make it power your SUV. Coal is going to play a key role in our energy future. The safest way to profit is to own some coal and wait for the price to go up. It will.

“Can’t you be more positive?” asked a reader last week. “It always seems so gloomy.”

But we are not gloomy at all. And as for positive…we are bullish on a number of things: gold… Japan… Argentina… commodities. Speaking of Japan, yesterday the Japanese reported annual growth running at two percent. Not flying…but still twice what analysts had expected.

What do we know about Japan? Nothing, really. But after a 16 year slump, and with it’s closest neighbor having the fastest-growing economy on the planet, we figure Japan is ready for a comeback.

We flew into Liberty International Airport in Newark yesterday, and then on to Boston, after lining up for an hour – waiting to get approved and searched…and to turn in our toothpaste and toenail clippers.

I was just wondering: has any terrorist ever been stopped by all these anti-terrorist measures? Does anyone know?

Europe seems generally more relaxed about terrorism; but that’s probably because Europeans have seen so much more of it. The IRA, the Red Brigades, the ETA…terrorists have been blowing things up in Europe for years. None of them, so far as we know, were deterred by Colgate peppermint flavour.

Bill Bonner

Bill Bonner

Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
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