Rare metals becoming rarer. Treading lightly, my foot.
"Jack Lifton, an independent commodities consultant and strategic metals expert, calls the Prius "the biggest user of rare earths of any object in the world."
Each electric Prius motor requires 1 kilogram (2.2 lb) of neodymium, and each battery uses 10 to 15 kg (22-33 lb) of lanthanum. That number will nearly double under Toyota's plans to boost the car's fuel economy, he said."
Hey, does that mean Piouses aren't organic?
6 comments:
nat gas vehicles
Norse Energy Corp ASA Approved For ADR Quotation on US International
OTCQX Exchange
Norse Energy Corp ASA (OSE ticker code "NEC") on August 18, 2009 filed a
registration statement with the United States Securities and Exchange
Commission for the establishment of a level 1 American Depositary
Receipt ("ADR") program.
Effective August 31, 2009, that registration statement has been approved
for Norse Energy Corp ASA to seek quotation of the ADR's on the PrimeQX
tier of the International OTCQX Exchange ("OTCQX").
It is anticipated that Norse Energy will be actively trading on the
OTCQX by mid-September.
Hmm, I wonder if this means I can buy it through my USAA account.
Yes i believe you can Luke.
USAA
Types of Securities
You may place orders to trade the following securities in any of our accounts:
American Depositary Receipts (ADRs)
Norseenergy
Marcellus shale transaction indicates high upside
Furthermore Norse have Herkimer, Utica and Brazil.
As of yesterday the depot for the ADR program managed by BANK OF NEW YORK MELLON held 2841000 shares.
Awesome, thanks for the info BS. Glad to see you around the blog again.
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