dsrtwriter

Energy Stocks Stumbling

I appreciate Mr.Miller's brief resume to support the credibility of his comments. The only reason this nation is not yet embracing natural gas as an extremely viable alternative is the current religious zealotry that is the global warming movement,the Copenhagen conference, etc.. It is "in" to be for wind and solar, and "out" to be for anything emitting carbon, no matter how clean.

Wind and solar are fine as a component, but we have a long road to go.Wind and solar won't run our trains or cars. Nuclear is a great option for electricity; the fact that Obama,Gore and others are not touting it reflects not the merits of its clean electricity promise, but again,nuclear does not fit into the "green" religion.

I guess it takes a long time for fanatics to return to reality; it took the Soviets most of the twentieth century and impoverished their nation.Hopefully we will recognize the environmental merits of natural gas soon. We could convert the trucking fleet rapidly.

Bespoke's analysis is valid. We are seeing better prices for entry into these energy stocks.The market has a very short term memory.I am holding my NOV,CVX,ATW, and CHK is again looking interesting (I sold at $26). Maybe they can stay out of favor for a while while we average in.

It is ironic that most of the world's carbon emission reflects the recycling of what were once live,organic plants and animals. The plants built themselves on CO2, animals ate the plants, and the result is now petroleum. All the CO2 that was taken in by these organisms and currently sequestered in coal, oil, natural gas, once was back in the atmosphere. And yes, we have had 25 ice ages, there were once tropical plants in the Arctic and elsewhere.

I apologize for digressing, but while it is a worthy goal to reasonably control emissions, we are foolish in the Western world to abandon our valuable domestic resources of natural gas, coal and oil, to lose the opportunity for tremendous job creation in these industries.

The current domestic economic policy of the Obama administration would be tragic if resulting from zealotry and incompetence. It would be a cruel war against America if it is intentional. You will have decide the motivations. I have my own suspicions.

The 20 Best-Performing Stocks of the Last Decade

While some of these tell us little about their future (eg FLIR will not likely repeat the performance),what is significant is the predominance of resource stocks.Regardless of Premier Obama's thoughts that we will all drive cars powered by wind/solar electricity,we can anticipate continued demand for fossil fuels indefinitely, and along with that at least in the Western world, relatively clean emissions. So despite all the discussion that abundant natural gas will be a problem for gas stocks, they sure look more reliable than many other investment choices as at least one component of an investment portfolio.

Portfolio Performance: Positive. Market Outlook: Hazy

Davy's analysis is well considered. Regarding the bounce back after the 70s and 80s, I don't think it is analagous to today, where we have massively outsourced our manufacturing to a dangerous point in the name of the religion of "free trade and efficient allocation of resources".

The "consumer" always wins with free trade and low prices, until the "consumer" loses his job when his plant closes. Of course if we are all government employees, professors with tenure, or lawyers, we love low prices from overseas because we do not produce goods.

Truly a house of cards,endorsed my most economists (except myself).