Sea Axe – The Workboat Of Billionaires

Mb50's "Liquid Mud" Rant

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By John Konrad On October 27, 2011

Could the world’s most desirable mega-yacht be an oil field workboat in disguise?

This week an armada of boats lay siege on Fort Lauderdale for the year’s largest boat show and, like models during fashion week, countless mega-yachts arrive daily with hopes of seducing a billionaire to sleep in her cabin. But, for one exceptional beauty, this is not the goal.

With a sharp chiseled bow softened by elegant curves the Sea Axe is a genuine head turner. Her looks are unique and stunning but, unlike most other yachts of her type, they also serve a function enabling her to cut through chop and blaze down the face of a following sea at high speed. Even more intriguing is her lineage. The latest in a line of workboats designed by Damen Shipyards, her unique shape is based off the Fast Crew…

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How Much Of A Threat Is Oil?

Mb50's "Liquid Mud" Rant

9 March 2012 by Cullen Roche

Here are some good macro thoughts that put the oil threat into perspective (via Credit Suisse):

“The impact on GDP: each 10% rise in the oil price takes 0.2% off US GDP growth and 0.1% off global growth. This time the negative impact of a high oil price on growth is limited as: oil is only 10% above its 6-month MA (changes matter more than levels for growth); other energy prices are muted (coal prices are at 12-month lows, US gas prices down 40% yoy) and CPI food price inflation should fall by 5pp from here (adding 0.7% to disposable income); critically, unlike 2008 and 2011, neither the ECB nor GEM central banks are likely to raise rates in response to higher energy costs; and US macro momentum is currently consistent with GDP 0.8% above 2012 consensus, suggesting some buffer before consensus…

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