The high price of crude oil !

Crude oil prices are sky high and gas at the pump has been up to $1.34 per litre. With gas at this price any two car family is paying as much for gas as they are on a $150,000 mortgage. A nasty situation.

But in the long term there is possibly very good news.

Toyota has announced plans to make all of their cars hybrid. The other car manufactures will have to follow suit. Hybrids get approximately twice the mileage and use only half as much gas. Could lower the price of crude !

Comments

[mike]

Iain:

I just wanted to thank you for your mentioning of a natural resources stock below $9, paying a reasonable dividend and selling belowing its NAV.

Even though you never responded to my email requesting your report, I was able to use the Business Week online stock screener which, I think, pointed me into the right direction. The stock I bought, Endeavour Mining Capital (EDV), has been up 15% since I bought it in addition to its 1.9% dividend.

I don't know if this was the stock you had in mind, but thanks anyway for mentioning your criteria for value.