Tuesday Mailbag The Rude Awakening Gold Coast, Australia Tuesday, December 26, 2006 - The Price of Paradise,
- Peak Oil: Truth or Tall Tales?
- Drowning in the Mainstream
Joel's Note: The 26th of December in Australia is known as Boxing Day. It came about because, on this day, the Queen of England used to box up her unwanted gifts and give them to the poor. As time went on and this historic reason was forgotten, we now know it as the day we "box up" the English cricket players in the Boxing Day test match
another, equally enjoyable ceremony. While we sit down to enjoy the match, please enjoy today's Rude mail. We've got some controversial opinions in store for you today so there will no doubt be some Rude thoughts penned by our thoughtful populace. When completed, please email them to your sunburned junior editor at aussiejoel@the-rude-awakening.com. Cheers, jOEL ------------------------- The Price of Paradise Hi Eric. Always enjoy reading your commentaries and was happy to see you finally made it to "paradise" - we made the trek west in '84 and I've been patting myself on the back ever since - living is good out here isn't it? With regard to real estate, I've been tracking the price of our 3-BR, 2.5 bath condo up the road from you (92663) since Jan '05 and thought you might be interested in my chart - I've got a complex system of ratios for valuing our place but I think I'm spot-on, based on confirmation from several real estate agents. The weekly valuation jumps around a lot since it's based on median sales prices but it doesn't take a brain surgeon to spot the trend in the six-month moving average.  ***Click the image for a larger view.***
Luckily, as my real estate asset deflates, my portfolio (uranium, gold, silver, platinum, palladium mining shares, energy, utilities, emerging markets) is averaging over 50% annual gains for over 4 years
Keep up the good work. Regards, Jack Z. --------- Fresh Off The Press ----------- Election Day-Nov. 7, 2006-A Landmark Date in the History of Politics-and Profit The "blue coup" in Congress is poised to turn this 17-cent biotech stock into a 3,000-5,000% mega winner. Political barriers to stem cell-based medicine are about to come crashing down, and savvy investors who act now stand to make enormous profits. Click here. ------------------------------------------ Peak Oil: Truth or Tall Tales? Gentlemen, Instead of asking the question of, "what if the world's supply of easy-to-find crude oil is running low?", why not ask the question, what if "peak oil" is a hoax? Have you ever given thought to the industries, countries, governments, and people that benefit because of the myth of "peak oil"? Have you ever spent time reading about alternative theories of the generation of oil? Do you really believe oil comes from fossils? What about the vents in the ocean's floor where oil escapes daily? What about the natural oil slicks that float on the oceans? The admirable cynicism you regularly utilize in discussions on most topics is curiously absent when it comes to "peak oil". If the blinders you wear regarding "peak oil" will allow, I would suggest an article published in Issue 57, 2004 of Infinite Energy by C. Warren Hunt entitled Anhydride Theory: A New Theory of Petroleum and Coal Generation. A brief excerpt from the article states: Methane effuses from the Earth's interior and to varying degrees pervades all crustal terranes - crystalline, volcanic, and sedimentary. The author points out that the energy from this methane can be utilized by hyperthermophyllic bacteria and archaea, which obtain it by stripping away its hydrogen. Dehydrogenated methane molecules can be defined as anhydrides, and their recombinations as petroleum. Anhydrides of this origin are biologically derived through dehydrogenation of methane and, thus, are products of biogenesis by living, microbial organisms rather than biogenesis of fossil biomass (kerogen). Treating coal as the "terminal anhydride" classifies coalification also as a process of biogenesis by living organisms. From Mr. Hunt's bio, he graduated from California Institute of Technology in 1945 with a B.S. degree in geology. After nine months with Standard Oil Co. of California, Mr. Hunt went to work with a small, very successful exploration company, but after two years set out on a consulting career in oil and gas and mineral exploration, which he has maintained ever since. He worked in the Mediterranean in 1948 and settled in Alberta, Canada in 1949. In 1951 Mr. Hunt was the discoveror of several major Alberta oilfields (Joarcam, Hamilton Lake, Baxter Lake). In 1974 he opened a gold mine with his son (Carlin, Nevada), the Goldstrike Mine, now the largest gold mine in North America. He has self-published two books, and those of others, in his own publishing company Polar Publishing. Mr. Hunt formed the Anhydride Oil orporation (originally Archean Corporation) to drill at Ft. McMurray, Alberta. I hope gentleman that you will make some time available and explore the information I have provided. When man is forced to confront the reality that what he has been told and believed to be true is in fact, myth, his ego tends to deny his mistaken beliefs. Think here about people who believed that the earth was flat, or that the Sun revolved around the planets. People actually died for holding these "heretical notions". Please open your minds to alternatives to the stagnant doctrine of "fossil fuels". The truth can surely set you free. Free from the herd of sheep who question nothing. Yours truly, John Cooke Auburn, AL Drowning in the Mainstream Dear Rude, If we are gaining speed towards the U.S. economy's financial abyss, their seem to be no sense of urgency coming from our elected officials and their hired talking heads you see on CNBC. As a small investor, I am astute enough to any micro or macro changes in our economic and investment landscape. I follow the financial and investment world that could ultimately affect my personal portfolio. To my disadvantage and all my fellow investors, we are flooded with misinformation and outright lies coming from our own govt. I could not make any intelligent decisions and changes in my portfolio holdings. What can I do? Is their any hope for a small independent investor to be successful in his investments competing against the big guns in wall street who manipulates everything towards their own financial gains? I still conclude that the best financial adviser for an investor is still myself who is willing to put in the time and effort to learn and make decisions everyday to become successful. Thanks I |