WINNING STROKES: THINK DIFFERENT:

Crude Oil is expected to Plunge further (below $100) within the next few months, as Electric Cars/Pick up Trucks, takes over conventional ones, by storm in the US: The OPEC-Economies to get a major blow due to this new development, as the Crude Oil extraction could become unviable. The cost of extraction per barrel of Crude Oil is already over $60 per barrel: Below is the photo of the Electric Car (Run on Batteries) Aptera, due out later this year, is expected to sell for around $30,000.

Some more important developments in the US:

(a) On Thursday, second-quarter gross domestic product (GDP) was revised up to 3.3% annual growth, after being initially reported at 1.9%, according to the Commerce Department.

(b) Personal spending in July increased by 0.2%. That was in line with economists' expectations. The uptick in consumer spending was primarily driven by higher prices.

(c) Lower energy costs in August could potentially be good news for inflation. Gasoline prices plummeted in August, which should provide some near-term relief to the inflation figures and real incomes.

(d) Despite Hurricane Gustav's threat to infrastructure in the Gulf of Mexico, oil prices fell from an earlier rally Friday as the dollar gained traction against the euro. Hence one can understand how bearish the market is regarding the crude oil. U.S. crude for October delivery fell 13 cents to settle at $115.46 a barrel. Prices were higher earlier as investors braced for the storm, which is expected to make landfall in the U.S. on Tuesday morning.

(e) The Dollar gained against the Euro after a Chicago Purchasing Managers Index report showed an unexpected increase in manufacturing activity around the Chicago area. A University of Michigan report also showed a better than expected rise in consumer sentiment. The decline in personal income of the US Citizens also indicates that consumers may not have money to pay for a lot of expensive petroleum-based fuel, which pulled oil down as well.

SO WE CAN NOW UNDERSTAND WHERE THE CRUDE OIL IS HEADED IN THE NEXT FEW MONTHS.

Moreover, Media Channels should stop giving undue publicity to Fi*st Gl*bal. The key persons in this brokerage house had already damaged the investors' confidence and their kitties; by sending mindless bytes on the markets. Any further publicity by media channels will only face my sharp criticism here, in this blog. Does any speech by Sha*kar Sharma carry any value??

When Shan*ar Sharma does not understand something, he should keep his lips stitched instead of belching out such foolish (read bullshit) statements like, "Trading range for Sensex now, is from 3000 to 21, 000".

I do not know what has happened to the charming and bubbly lady, Namrata Brar, suddenly..........

How electric cars get their vroom

Reader Rich Lakey had questions from the new book The Plot to Save the Planet. These answers are from author, Brian Dumaine.

Q. If a car goes 100 miles on a four-hour charge, do the batteries wear like other batteries? Do you get a little less range with every charge?

A. The new-generation lithium ion batteries about to hit the market have, in testing, held most of their charge for 100,000 miles or more. Chances are your car would break down before your battery would.

Q. After a larger number of these cars hit the road, will we have enough electric power generation to charge them?

A. According to the U.S. Department of Energy, the nation's electricity infrastructure is underused most of the day and has the capacity to charge tens of millions of electric cars.

Q. How much does it cost per mile to operate these electric vehicles?

A. Depending on where you live - electricity rates vary - driving an electric vehicle can cost as little as one-third that of today's gas-driven automobiles.