Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As far as I am informed, Aker Yards issued that profit warning not because they had run out of orders, their order book is swelling, but because they had muddled up their logistics system, or something like that.

A few weeks ago I wrote that I wouldn't worry about a recession until at least two of three things happened.

  1. Much higher oil price.

  2. Much higher interest rates.

  3. Total chaos in the US housing market (and the subprime mortages stuff).

Only no. 1 has of yet happened, so I'm sitting tight.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Mon Jul 9th, 2007 at 11:55:51 AM EST
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