The Rude Awakening
Bratislava, Slovak Republic
Monday, July 9, 2007 ------------------------- - One company getting the jump on oil shale, tar sands,
coal and the like, - Pacifying subsidies from Iran's government and the
black market in petrol, - Where in the great, wide world is Maroochydore? And
plenty more…
------------------------- You are receiving this email as a part of your Subscription to Agora Financial. Should you wish to unsubscribe please follow the instructions at the bottom of this email. ------------------------- Joel Bowman, cruising down the Danube towards Budapest, reads the Rude mail… From housing prices in Australia's Great South East to alternative energy companies and Iran's petrol policy, your fellow readers have got it covered this week. Read on below for all the views from 'round the Rude world… ----------------------------------- Rude, The only company that I have found that has come up with a solution to America's energy needs for the future is Global Resource Corp. However I am biased as I am a shareholder. They have a website and you can do your own research if you like. I've done my research and I put my money where my mouth is. Apparently so does the Dept. of Energy as they have recently issued a report on Wednesday, June 20, 2007, identifying 25 companies that possess unconventional fuel production technologies. The report includes a profile on Global Resource and its energy production technologies, which can potentially unlock billions of barrels of oil from various oil shale, tar sands, coal and capped oil wells located in the USA. I also want to thank you guys for continuing to put out a great and insightful newsletter. Keep up the great work! Kyle
California [Thanks Kyle. The website, if you're interested in Kyle's suggestion, is simply: http://www.globalresourcecorp.com/ . -------------------------------------- Rude,
Here on the Sunshine Coast it's stupidity as usual. A house that had been on the market at $359k, for over 9 months, sold at Auction for $381k last week. Crummy 3 bedroom units are now over $300k with no view, and as far as I can tell, no prospects…but they are flocking to them as they are perceived as cheap.
You can tell we have problems when Real Estate Agents are feted as "Local Personalities" and more and more "For Sale" signs have professional photos of the Agent, rather than the House!
When is it going to end? I want to buy a house, but not at these prices!
John Hutchinson
Maroochydore, Australia [Thanks for the report from the home front, John. We spoke to a friend of ours back home on the Gold Coast last week who specializes in property investment analysis. He had this to say: "South East Queensland has experienced good positive growth over the past few years, while the property market in Australia was apparently "off the boil". We've still had between 10-15% growth average per annum in developing and developed suburbs with that trend set to continue with greater growth as the market turns favorably towards property once more." It seems we'll be confined to wandering the world with our home on our back for a while yet…alas. ------ Special Housing Report ------ Why Your House Could be Worth 43% Less by 2011 Thought you were "done" with the property bust? Think again -- then get ready as a whole "second wave" of falling prices sparks the worst property-led recession of the last 76 years! Avoid the Calamity and Protect Your Wealth Here: The Survival Report Special Housing Whitepaper ------------------------------------- Rude, The only biofuel that makes sense to me is vegetable oil. It can be used with little processing in diesel engines as opposed to alcohol from corn, which requires conversion from starch to sugar then sugar to alcohol. I recently cruised down the Danube and there were fields dedicated to the production of canola oil. Even corn has a content of oil (remember Mazola corn oil and margarine) which is not currently pressed out before the mash is processed for alcohol production. A diesel is a much more forgiving engine when it comes to fuel than gasoline engines, although cold weather operation requires special care. A diesel is more efficient primarily because the engine is not controlled by throttling the intake air so there is no intake manifold vacuum generated which requires energy just to maintain. That is why a diesel can idle for hours with very little fuel consumption. I personally think that it is a much better choice for pairing in a hybrid configuration. So why are we lagging behind the world in diesel implementation? One other comment, The State of California has a vested interest in high gas prices because of the sales tax on gasoline besides the per gallon gas tax. When the price of gas went from $1.00 to $3.00, the sales tax income tripled, yet they complain that there is not enough tax revenue to repair roads and bridges. At the same time, gasoline taxes are being diverted to Bicycle Paths, Hiking trails, Board walks, Subways, HOV lanes and other public transportation projects that do little to alleviate our transportation problems. Contractors are forced to pay excessive wages because of prevailing wage legislation. Did you know that the guy that controls the traffic holding the SLOW STOP sign makes over $30.00 per hour? He makes more than most police officers with little skill or training? This kind of useless union spending has to end! Bruno Bornino
Arroyo Grande, California. [What? The government is misspending taxpayer's dollars? Union spending is largely unchecked and thoroughly outlandish? Now, now, Mr. Bornino, let's not rush to rash accusations. Next you'll be asserting politicians are all thieving, conniving so-and-sos. Oh, wait… -------------------------------------- Rude,
Check this news out from the BBC on Iran's public policy decision to diversify transportation fuel energy sources: http://news.bbc.co.uk/2/hi/middle_east/6278120.stm. Can the scary prospect of $80-100+/barrel oil be far behind and, along with it, crushing global inflation? I hate to be a downer, but this is not good news when a major oil producer takes this stand and especially from a government that subsidizes gasoline prices to pacify its people. Look out Venezuela! Hello Exxon and Valero…TGIF!
Bill ---- Emerging Capital Report ---- Urgent Buyout Alert - Beat Big Pharma to 3,000% Gains! A small, under-the-radar pharmaceuticals pioneer has brought America's most dreaded disease to its knees… Gains of 30-60 times your money or MORE are all but certain if you're holding shares when Big Pharma buys it out - which could happen any day now! Read on Here: Emerging Capital Report ---------------------------------- Joel's Endnote: Thanks for everyone that wrote in over the last week with suggestions and comments on all things Rude related. Due to the volume of mail, we are unable to reply individually, but you can be sure we read and appreciate each and every one. If you've got something you'd like to opine about, why not do it in these very pages for all to see? Send your scribbles to aussiejoel@the-rude-awakening.com and keep an eye out each Monday for the mailbag edition of your Rude Awakening. The gents back in Baltimore have the 5-Minute Forecast on the drawing board and will have it in your inbox shortly. We'll see you tomorrow. Cheers, Joel Bowman
Rude Awakening | 
