Monday, August 29, 2005

PTI

If you are one of those folks that doesn't think higher oil prices are have real effects yet, check out what's happening to the Indonesian currency and stock market. This is the first financial crisis I've seen associated with higher oil prices, but it probably won't be the last. Look for ripple effects across other emerging and developed markets in the weeks ahead, particularly if oil continues to move higher...

As history shows again and again, oil shocks always end in tears. I continue to be long nanotech-based energy technologies, fuel cells, solar power, hydrogen, and other forms of non fossil fuel energy.

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