Mmarrkk

How High Will the Price of Oil Go?

The tax complexities of MLP's are highly oversold!! Its not that dang difficult. I own several MLP's and it isn't that big of a deal.

You may want to pull up your research on Linn Energy. They have a sound story and have locked in oil/gas prices through 2011 so their distribution is pretty stable through that period of time. Solid management team and solid assets with locked in prices make it a winner. Risk is probably dollar related.

BP is a great story.

Understand your thesis on why oil can't sustain really really high prices due to substitutes cutting the market and/or demand destruction. Fitz makes a great point regarding some of these substitutes like oil shales...they are nasty on the environment, take a lot of water and will require coorperation from government...all of which mean they won't happen for a while. I'd rather see us tap into natural gas as a fuel substitute either through direct usage (nat gas vehicles) or as a liquid (GTL) but GTL doesn't make sense until oil prices get really high AND nat gas feedstocks stay low. If oil prices are too low OR nat gas prices too high, GTL is a tough economic bet. Too many BTU's used to make not enough BTU's!!

You may want to follow Fitzsimmon's links to his website with his energy policy. He's got some great ideas. He and I differ dramatically on the political spectrum but he's on track with his ideas around energy. He's even coming around to my side of things a little bit regarding the Chosen One. He probably doesn't distrust Obamma as much as me, but he's seeing a lack of progress from him. We need a new energy policy, not a tax the oil/gas company policy. Fitz's is a good place to start.