longoil

Climate Change: How to Invest for the Possibility

Joseph,

I would NOT take Al Gore opinions very seriously. His record speaks for itself. I have to question Al Gore's real motives.

His global warming crusade is making a lot of green for him. He gets a minimum of $100,000 for every 90 minute talk his gives on global warming. No wonder he did not want to run again for president in 2004 nor in 2008 and get only a measly $200,000 / year salary.

thesmokinggun.com/...

You would think someone worth $100 million would do these talks for free, especially if he really believes in climate change.

A report by the Nashville Electric Service that showed Gore used an average 16,000 kilowatt hours a month for an average monthly bill of $1,206 in 2006. The typical Nashville home uses about 1,300 kilowatt hours. So much for leading by example !

Furthermore, look at Gore’s accomplishments with Clinton from 1993-2001. The CAFE standard was in good hands with Ford, Carter, Reagan and Bush 41. It rose from 15 to 27 mpg during 1975-1992. Clinton and Gore (Mr. "Earth in the Balance") were pandering for UAW votes in the 1990's and they expanded the light truck exemption to include Hummers, SUV, Jeep and Minivans and that essentially killed CAFE and it is now been flat at 27 mpg.

The real motive for Gore’s climate change crusade is to make more green for himself. He stands to gain the most from cap-n-trade and may become the first carbon billionaire, if the legislation goes through.

network.nationalpost.c...

Obama vs. McCain: Which Candidate is Better for Ethanol and Equipment Companies?

Traditionally, the Republican solution to the energy crisis is to increase supply. We are clearly seeing this with McCain and his drill ANWR and US Coast policy as well as supporting clean coal technology. If you think McCain is going to win in November go long on exploration & production as well as oil field services and deep sea drillers.

On the other side of the coin, Democrats traditionally have advocated a policy of decreasing demand for oil and punishing oil companies. We clearly see this in Obama's campaign with his increased CAFE standards, windfall taxes for oil companies and ending E&P tax breaks. I you think Obama is going to win, short big oil comapnies and go long on the hybrid car builders.