Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Tuesday, October 23, 2007

Leaving on a Jet Plane

I'm flying to New Orleans this morning to attend the New Orleans Investment Conference for the rest of the week.

Here are some stories you might want to read ...

Weak Mexican Peso Shows Oil Monopoly Undermining Growth, Reducing Surplus Mexican President Felipe Calderon is delivering a grim message: The largest oil producer in Latin America is running out of crude.

Crash of Frontline, Overseas Shipholding, Teekay Nears on Freight-Oil Gap The record increase in oil prices and the unprecedented number of new tankers transporting crude is a stock market crash waiting to happen.

China Economy May Grow 11.5 Percent With 4.3 Percent Inflation, NDRC Says China's economy may expand 11.5 percent and the inflation rate will be 4.3 percent this year, said Wang Xiaoguang, an economist at the National Development and Reform Commission.
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