Why Does Gas Cost So Much in California?

Old Gas Pump in Savannah Georgia.  Author: Lukelastic from Wikimedia Project.

More unintentionally humorous content from the mainstream media on politically charged issues.   This from one of America's newspapers of record, the LA Times: Tesoro plan to buy Arco gets more scrutiny amid gas-price surge As California gasoline prices set fresh records daily, consumer advocates are gearing up to fight the sale of the low-cost Arco brand and its Carson refinery to a Texas company not known for its cheap fuel. Some experts are calling the proposed $2.5-billion sale to Tesoro Corp. of San Antonio the biggest shift in California's petroleum business in decades. Activists say the deal, announced in August, would reduce competition and possibly raise prices for motorists, and they will ask state and federal regulators … [Read more...]

How to Profit From Pond Scum… Or Not

Chlorella regularis, not be confused with Chlorella Vulgaris, the ruder, ill-mannered cousin of Regularis

  Green crude sure sounds sexy enough, in a renewable energy kind of way. What's not to love about it?  Grow a bunch of algae from sunlight and CO2, harvest it, and presto-change-O, you've got "green" bio-diesel. Enough to get save-the-planet folks and environment reporters all hot in the pants. The best laid plans of blog topics sometimes take a backseat to chasing down rabbit holes.  The plan was to write a post on auto insurance today, but in the course of looking up a web reference, came across instead this story from MIT's Technology Review: In Race to Algae Fuel, Sapphire Scores Point for Open Ponds Sapphire Energy starts farming algae at New Mexico demo plant using an open pond design, which it says is the only … [Read more...]

Centavos Portfolio Update: Blood in the Streets

December 2011

"Buy when blood is in the streets, even if the blood is your own" - Baron Rothschild, 1871 Sure is plenty of red in the return column of this blog's model portfolio.  Junior exploration stocks in general haven't fared well in the last six months, and my stocks haven't been the exception. The last update was in September, and things haven't improved since then.  Down 40 percent, even after allowing for realized gains from two trades. A bit of an ugly picture, huh? Good. That means opportunity. Operation Recovery Malaga is first up in Operation Recovery.  The original purchase was for 1000 shares at $0.24/share. The purchase of 5,000 more shares at $.108 brought the unit cost down to $0.132. Whither Malaga and … [Read more...]

Centavos Model Portfolio: The market, it burnsssss ussss..

USA Financial Service Model Portfolio of Penny Mining Stocks - September 2011

Time for another update to the Centavos Model Portfolio of penny mining stocks.  The picture has not gotten any better from the last update (Model Portfolio Haz Sad Face) back in May.  It may strike readers as a little strange to post an update on very volatile equities strange after a hard down day like yesterday, especially as you can see from the portfolio snapshot, the return column is swimming in a sea of red.  But it’s only a paper loss, natch. (click on the spreadsheet for a larger view) A couple of notable changes since the last update: Added some more shares Coral Gold, doubling the position to 4,000 shares. Hathor Exploration is being courted for an acquisition by Cameco, one of the larger uranium mining companies out … [Read more...]

Dog Poop, Methane and Alternative Energy

Here’s something you don’t hear about every day:  alternate, somwhat green small-scale energy from from dog poop.  Funnycool in a slightly disgusting way. Dogs are great–until their poop gets all over your new shoes. Even when dog owners responsibly dispose of dog waste, the excrement continues to generate methane, a potent greenhouse gas. That’s where the Park Spark project, billed as the first public methane digestor for dogs, comes in.  (Continue Reading..)   … [Read more...]