Algenol will begin commercial scale production of algae based ethanol from blue green algae in 2009. The are claiming that their production methods will be carbon neutral and cost competitive with other alternative fuels.
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For more on this, click here
Do I really need to say more?
I almost forgot the today was in fact the fifth of November and while I was mourning last night’s results, the UK is celebrating Guy Fawkes Night. In honor of this most auspicious of nights, remember this poem:
Remember, remember the Fifth of November,
The Gunpowder Treason and Plot,
I can think of no reason
Why the Gunpowder Treason
Should ever be forgot.
Guy Fawkes, Guy Fawkes, t’was his intent
To blow up the King and Parli’ment.
Three-score barrels of powder below
To prove old England’s overthrow;
By God’s providence he was catch’d
With a dark lantern and burning match.
Holloa boys, holloa boys, let the bells ring.
Holloa boys, holloa boys, God save the King!
Hmmm…I wonder why the Dow almost dropped 500 points today? Actually, I have a pretty good feeling that Obama’s win yesterday had something to do with it.
Yea and this drop is after an almost weeklong recovery the Dow had seen since October 27th. So before you start telling me not to blame Obama for the drop in the market let me pose a question to you: If the market had been recovering for the past week and everyone knew that Obama was going to be elected, why the sudden drop after the predicted outcome came true?
Before I give you my hypothesis, lets look at the month long gragh of the Dow:
If you look at the trend of the market, it is consistently going down until the 27th of October. During this whole period, Obama had a fairly large lead in the polls but something changed around the 27th. The polls started to tighten, be it ever so slightly and news articles came out stating the McCain could have a shot at winning. In conjunction with this, swing state like Missouri, Indiana, and North Carolina, that up until a couple days before the election were polling for Obama, showed McCain with a slight lead on election day.
During this whole period where McCain seemed to possibly be making a coming, the stock market seemed to be making a comeback as well.
So is this all a coincidence and I have missed some spurious factor that has caused the stock market to first go up with the hopes of McCain pulling it off and then crash when Obama wins? Possibly, but I like to stick with Ockham’s Razor: “All other things being equal, the simplest solution is the best.” At the very least, if the rise in the stock market isn’t at all linked to McCain’s supposed comeback, the mini crash we experienced today can surely be linked with Obama’s win.
Oh yea, did I mention this is the biggest post election drop in history and that I predicted this would happen last Saturday?
Go Vote for McCain/Palin today. If you need a reason why look no further than this Hot Air article.
