Wednesday August 31, 2005

Asia : Peril at the Pumps

peakoil.com -> time.com :

Queues at filling stations in China, gas rationing in the Philippines, job losses in Indonesia—the global oil-price crunch is starting to get real. Welcome to Oil Shock 2005. With the price of oil on the rise, its effects in Asia, on producers and consumers alike, are everywhere to be seen.

(2005-08-31 14:04:09 SGT) [Energy] Permalink

GM Betting Future on Big Trucks

peakoil.com -> smartmoney.com :

General Motors Corp. (GM) plans to continue to build its U.S. market strategy on the large truck segment, despite high gasoline prices and what appears to be softening demand for large SUVs. The auto maker plans to launch a new line of full-size trucks and SUVs in 2006, which will play in a market becoming crowded with competitive entries from cross-town rivals and foreign auto producers.

- An attempt to win a corporate Darwin Award? Aiming for DDD bond ratings? :|

See also :

1. GM, Ford Motor Debt Ratings Cut to Junk by Moody's
2. Resale Value of SUVs Tumbles
3. GM to cut 25000 jobs in U.S. by 2008
4. Die SUVs Die!!
5. GM, Ford debt cut to junk status

(2005-08-31 13:29:34 SGT) [Biz] Permalink

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