E.D. Hart

Your Oil Stocks Aren't Coming Back

Ummmmm,
Whats going to happen when the dollar declines again and the global economy eventually recovers?

A bet against oil stocks recovering would be a bet against either of these from happening...which seems far fetched in the extreme. Oil doesn't have to go to $300 in my lifetime for my oil/gas stocks to recover. Oil doubling from here, will cause many oil stocks to triple from the abnormally depressed levels that they are at today.

Look at a chart of XOM for the last decade and you will see it has outperformed BRK.b, JNJ, MSFT, and DELL, and many other so called blue chips.

Or if you like, look at the ten year charts for XTO, and UPL (gas stocks primarily) and you see that they vastly outperformed in the lost decade market (up 30 to 70 times respectively the market return).

Todays depression is the anomaly. Sure it may last several years, but when it inevitably ends, oil/gas will come roaring back.

Oil, Iraq and U.S. Foreign Policy: A Way Forward

We must also terminate the Saudi Regime as they are big time sponsors of global terror, human rights violators, non-democracy players, and general bad guys. OsamaBL is Saudi.

After we are done invading and establishing democracy in Iran, and Iraq, and Saudi Arabia--we seriously need to invade Russia for its noncompliance of our world agenda.

Is everyone ready to sign up?

Oil, Iraq and U.S. Foreign Policy: A Way Forward

Discussions of the war rarely focus on comparing costs with benefits. Since all the reasons for the war turned out to be bogus, the critics have earned a place at the table.

The tragedy is that this WAR is costing us much much more than the $3 trillion we will spend on "stability" in the middle east.

Some of the costs: 1) Lower dollar, 2) Higher taxes for decades to pay the debt, 3) deeper recession, 4) higher oil prices, 5) the US overall is less prosperous than otherwise, 6) the US is less free than otherwise 7) terrorism is undeterred and does not make the US safer 8) loss of more than 4000 American lives 9) erosion of civil liberties in the US, and 10) We ARE STILL DEPENDENT ON OIL with no real energy policy. Is this not naive?

Supporters of the Bush policy claim that detractors are naive, but does anyone really believe that we will establish democracy in Iraq when it is not in their culture, history, or inclination?

I don't think that this war was only about oil, but I do think that the planners were (or non planners) were naive to not take into account the full costs. It was stated that the war would cost $50 billion and that later the war would pay for itself. Is that not naive?

Instead we have the first MBA president ignoring cost benefit analysis, rational decision making, and instead takes America to war on his faith and gut instincts that this is an epic struggle between good and evil. Is this not naive?

I watched Beowulf the other night. Great movie. But it was not real, and I recognized it as a fable. The Bushies have not recognized that their dream turned nightmare in Iraq is a fable, and not real.

I mean to say the war is real, but the epic-struggle rationalization of why we went to war, what the costs would be, how soon we would be home, and how it would be fought, with the US coming out of it the vanquishing hero is not real.

This is the very essence of nievte.

This time its the left and the middle that are steering America back to Real Politick. Love is blind. Patriotism is love. Patriotism is blind. But please wake up to the reality of the nightmare.

Peak Oil, Gold and the U.S. Dollar

Inflation is a global phenomenon that is not going away anytime soon.
See also excellent WSJ article on Chinese inflation: online.wsj.com/article...