epeon

The Bullish Case for Natural Gas

If the economy turns around, if the current trends continue for six months, if, if, if, .... All of the above might be true, but it is way too early. I think I will wait and watch. There will be plenty of opportunities to buy between now and 2010.

Oil Rally May Have Legs

I believe that what you miss is the depletion factor. Investment in new oil fields is obviously being curtailed. Oil production will decrease not just because OPEC is pulling off capacity but that fields will play out. In a few years, there will not be enough capacity to support even this diminished market.

Is There Enough Natural Gas?

The whole concept of this article is terribly wrong. It is not the government's job to determine how energy is developed and used by our society. Or, is that clause in the constitution one I have forgotten about?

There are lots of sources of energy. The marketplace makes these decisions. If natural gas is truly cheaper then coal then people will build natural gas fired boilers. If we have learned nothing in the last century we have learned at least this: the market does a far better job of allocating resources and picking technology then does a central government bueracract. This is true whether the bueracrat is in Moscow or Washington, DC.

The government will continue to back things like shale oil, ethanol, windmills, solar cells, etc. All of these are sinks for taxpayer money. And, when they are no longer trendy, they will be shut down one by one.