Tuesday, September 21, 2004

AllAfrica.com  Halliburton was barred from contracts in Nigeria after probe into its loss of radioactive materials that could be used in a dirty bomb. 4:06:42 PM    Comment_ Trackback []

I am looking for some classic papers on on market psychology (more of a general focus than just stock and commodities markets).  All recommendations welcome! 11:56:37 AM    Comment_ Trackback []

UPDATE.  The Turkish construction company, Vinsan, mentioned in the post below, said it will halt operations in Iraq to save its employees.  9:48:21 AM    Comment_ Trackback []

VOA.  Two anti-US Sunni clerics are gunned down in Iraq.  Likely death squad action ala Allawi.  Anti-US clerics represent the "political" center of the guerrilla movement in Iraq (to the extent that there is one).  Update:  The CS Monitor delves into who is assassinating Sunni clerics (5 so far).  The real answer is Shiite, government sanctioned, death squads. 7:39:21 AM    Comment_ Trackback []

WSJ on peak oil.  It should have spent more time with Simmons rather than Campbell.  In general, peak oil seems to be a technical model that has value.  The real debate is over when the peak will be.  A major aspect of peak oil that most people miss is that three major underlying assumptions have changed (this could be a book in itself since their addition makes peak oil nearly innevitable): Demand patterns.  The act of bringing both China and India online has accelerated demand for oil. Geopolitical risk.  As we search for large deposits of oil to exploit, we tend to find them in risky locations (Equatorial Guinea, Nigeria, Venzuela, and the Caucuses).  Further, formerly safe locations (Iraq and Saudi Arabia) don't look too safe anymore. Global Guerrillas.  New methods of warfare that target oil production.  6:57:17 AM    Comment_ Trackback []