Forbes.com: Why, in China, gas is $2.49 a gallon
I was going to write something about the China oil peg, but this article just sums it up so nicely. The question is, does the Chinese government care about the $40 billion per year subsidy? Heck, it is only 1% of GDP roughly, or 2.3% of foreign [...]
Entries Tagged as ‘Oil’
June 5, 2008
Can you break the China oil peg?
June 4, 2008
Can airlines hedge?
The biggest mistake that people make is that they put hedges on at the top of the market. Watch United do that next. I am a big fan of United. I am on their planes eight to ten times a month, and they treat me right. But if you could have a company that almost [...]
June 2, 2008
First it is oil, next it is ore (Nationalization: It’s what’s for dinner)
Reuters: Russia TNK-BP CEO resists calls to step down
Telegraph.co.uk: Vladimir Putin weighs into TNK-BP Russia row
In business, you pay taxes for the freedom and license to operate. In business in Russia, you pay taxes for the hope that you will get to keep your business in the face of a government that is consolidating assets [...]
May 27, 2008
A decent tax credit: $2,500 for any car over 45 mpg
The New York Times: Running out of fuel, but not out of ideas
Okay,
Let’s start to solve the problem at the pump in the United States, and let’s do it with a very simple solution. If we offered a tax credit of $2,500 for any new car that got more than 45 miles per gallon (5.22 [...]
