Toeser

Bullish Picture for Energy Once Economy Picks Up

I am extremely bullish on energy long term for one primary reason. I am an independent who hates both major political parties, but the Dems are complete idiots on the subject of energy. Obama wants to kill coal (forget what he says, look at what he does), and Pelosi and Reid have always wanted to kill oil. Our massive imports are a major factor in our terrible economy.

We should develop wind and solar, but they will never amount to more than a token amount of our total energy use. Corn based ethanol is a cruel joke. Algae will be huge - but in 20 years. We should be building nuclear plants like crazy, but we won't. So with no focus on oil and coal, and four years of these guys and we will be so far behind the energy curve we have a looming disaster in energy. A significant portion of my assets will always be in energy for these reasons.

$125 Oil Not Sustainable for the Time Being

Well, with the Democrats holding congress, I will probably stay long my oil stocks (knowing some short term drop is possible).
They don't want to drill on the shelf.
They don't want to drill in Anwar.
They don't want to build more nuclear plants.
They don't want to build more refineries.

Where do they think the nation will meet its energy needs, windmills? What morons.