OilyGasMiner

Peak Oil, Cars, and Depressions

Great Post Jim, I think we must always be aware that peak oil is a definite possibility. Obama has spoken of adding more resources to Nuclear Energy production and I believe he will carry out the policy as he assumes power in January. If you recall carbon taxes on oil and mining companies were increased, and i suspect that this was done with an intention to finance both nuclear and other alternative energy resources, such as solar and wind. However the real gems I believe are in the undervalued mining and oil companies in Canada, especially the junior firms. Many are trading well below cash and this indicates to me a substantial blessing in disguise. As people focus on other industries many of us alike ;) will have the ability to pick up some cheap picks and ride the train when commodities rebound. I do appreciate your post, and if you feel my points are valid, I'd encourage you to check out the sub cash firms.. I got a decent sized list at: stockresearchportal.co....

Cheers,

OilyGasMiner