Sean Maher

Oil Defies Bearish Sentiment: Will Natural Gas Follow?

On the contrary, natural gas is the only economically viable 'green' fuel out there right now; solar, wind etc needed huge subsidies to be competitive with oil even at $150, and at these levels are hopelessly uneconomic. If you want to cut carbon emissions and import dependence, it's logical to switch a chunk of electricity generation to gas (half the CO2 emissions of coal) and nuclear...this will dawn on the fiscally constrained Obama administration before too long.


On Mar 24 12:07 PM jack kreg wrote:

> Sean, you said nothing about the steep and massive increase in energy
> taxation that Obama is going to impose on energy company's and America's
> people. Hence, with NG a regional fuel, its priced to meet a strongly
> slumping economy in Obama's America. But, oil, a global fuel, is
> being priced to meet future growth in the more free economy's, namely
> BRIC's.
> OObama's energy taxation plans will not only hurt Americas energy
> industry, but its people and the broader economy as well.