How quickly things can change (or, when oil became cheaper than water)...
In 1910 in California, a column of oil nearly 200 feet high explodes out of a derrick and sets off a chain of events that will turn America into a superpower. Oil production doubles overnight and prices plummet from $2 to 3 cents a barrel. Quick to capitalize on this abundant cheap fuel is Henry Ford, a maverick entrepreneur who vows to bring the motor car to the masses. In 1900, there are 8,000 cars in the country. By 1930, there are over 20 million.
- Innovation And Disruption...
A Tweet from Alice Lloyd George [H/T @PlanMaestro] about the shipping container moved me to add it to a section (below) of my investment reminder file, and reminded me that I need to finish the book The Box (There are also a couple of Malcom...
- The Electric-fuel-trade Acid Test
After many false starts, battery-powered cars seem here to stay. Are they just an interesting niche product, or will they turn motoring upside down? IN 1995 Joseph Bower and Clayton Christensen, two researchers at the Harvard Business School, invented...
- David Winters In Oid
David Winters in the March 2009 edition of Outstanding Investor Digest:Winters: So if you see a debt obligation that you might make 50% in as an arbitrage to reorganization, for example, and you look at a stock that you might make 1,000% in over time...
- Why Technology Hasn't Saved Us From Inflation (but Still Can)
Technology can be a powerful deflationary force. Thanks to Moore's Law (the remarkable ability of computer technology to double in power for the same price, or halve in price for the same power, every 18 months) if you want a 50 percent discount on...
- This Too Shall Pass: Investment In The Integrated Oil Majors
There's been plenty written already about the decline in oil prices over the last 9 months or so. The per barrel price of oil has declined from $98.70 in June 2014 to $51.77 as of Friday's close. That's a 47.5% decline from the peak last year....