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Michael Fitzsimmons
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I focus on investments in the oil & gas sector with an eye for dividend income and long-term capital appreciation. I typically allocate a portion of my own portfolio and devote some of my Seeking Alpha articles to small and medium sized companies offering compelling risk/reward propositions.... More
My company:
Independent Investor
My blog:
The Fitzman
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  • days numbered for US dollar as world's reserve currency?

    this is interesting:

    i am beginning to think there is not a damn thing the US can do to prevent the world from moving away from the US dollar as the world's reserve currency. i keep reading how various countries are agreeing to trade in yuan or euros or yen or whatever. i am also seeing every major emerging market (china, brazil, russia, india) ask for a non-single country currency and seeing ever germany and other european countries publicly denounce US federal reserve action.

    foreign oil addiction, deficits, and losing reserve currency status (i.e. debt financing) - those are some serious problems individually...let along together. what can a US citizen do but:

    a) buy gold

    b) pull a jim rogers and move out of the country

    c) do both

    question is: what country can you move to and can you get your gold out of the country?

    Jun 07 10:26 PM | Link | Comment!
  • Weekly Natural Gas Storage Report


    The EIA's weekly natural gas storage report was released today:

    Nat gas in storage continues to be above historical 5 year averages as increased shale supply meets falling industrial demand due to the economic contraction. Nat gas has certainly broken with its historical ratio with oil prices. Oil has increased over 50% since march to $66/barrel while natural gas remains under $4 and is currently trading at $3.69/TCF. meanwhile, residential customers are still paying around $12/TCF for natural gas which makes absolutely no sense whatsoever, despite last year's summer price spike. natural gas utility companies must be reaping some serious profits with such a massive spread between cost and sales. Regardless, oil and natural gas prices in the US continue to support a policy of natural gas transportation. I challenge Energy Secretary Chu to debate the matter in a public forum, and I am sure I could sufficiently embarass the Nobel Prize winner into accepting religion and changing his self described "agnostic" position on natural gas transportation.

    Jun 04 11:26 AM | Link | Comment!
  • weekly oil inventory data

    trailing 4-week supply is down 7.7% year over year. this would be great if this decrease was a result of policy initiatives as opposed to economic contraction...

    Jun 03 10:54 AM | Link | Comment!
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