Jack K

Congress Considers Bailing Out Its Ethanol Mistakes

Most of us want the same ultimate goal. Energy independence. And reasonably priced. And with minimal environmental impact. What separates us are questions like how do we get there and who do we believe? Jack's 4th rule is worth keeping in mind, "The validity of a person's statement is inversely proportional to the vested interest they have in making that statement". Groups whose "reason d'être" is the crisis have a huge vested interest. So do the people who's company is creating energy. In our lifetime we may not see the final answer. Remember, that is OK. We don't have to. We want to see us going in the right direction.
We are. There is a much greater interest and work on renewable energy than imagined 10 years ago. What we want is to let our current system let us get there.
But be careful buying stocks for the long term in a group that is not making money now. There are many private firms who may be the long term winners.