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9 Comments

    • Why I'm Not Buying Oil's Recent 'Correction' [view article]
      I have to support the viewpoint of Fitzman. I have been investing in all kinds of energy for more than 30 years. The recent high price of motor fuel has, indeed, led to destruction of demand but the easiest consumption changes were made first. Further reduction in consumption is going to be harder. As long as economies in the rest of the world are roaring, our consumption cuts merely make more of a scarce resource available for "them" to consume. Most members of Congress are profoundly stupid but most of the people running the oil companies are very realistic.(note the comments of "4th.generation oily") Oil and gas men have seen real hardship before. One oil major I am invested in is also producing energy from solar, geo-thermal, and is researching producing liquid fuels from biological processes. The easy oil and gas has mostly been exploited.The recent price of energy stocks has had an element of speculation. Speculators are like vultures who show up when they see a dead or dying critter on the ground. They vanish when the body is gone. I believe there is even a modicum of "hot money" in something as pedestrian as an electric utility. The moment some rumor comes along, they cut and run and cause the price to drop. I would argue that we may be making serious amounts of motor fuel from coal to liquids before hydrogen or other esoteric solutions appear. Electric cars may own a fraction of the market ( think mail delivery, short range commuting etc.) But I don't see electrics allowing you to drive from Jacksonville, Florida to Detroit. Oil and gas will be with us as long as we can squeeze it from the Earth. Jul 27 08:06 PM
    • How Much Inflation Will We Have to Endure? [view article]
      I feel like I am watching a group of people dancing and drinking on a steamer that is steadily drifting toward Niagara Falls. Years ago, Congress should have been pushing to develop energy resources in our territory while taxing energy imports to develop energy alternatives.We are sending billions over our depreciating currency to countries that hate our guts but refusing to develop natural gas and oil in our country in the name of "environment"... . It doesn't matter if Republicans, Democrats or Vegetarians are in charge, inside the Beltway a political Stupidity Gas takes hold and we become obsessed with whether or not a baseball player is using steroids !! Mark Twain was right about Congress but what does it say about the rest of us who elect them??!! Jun 15 02:01 PM
    • Commodities: Inflation Leaves Investors Little Choice [view article]
      My wife and I are 78 years old. We have had a significant portion of our savings in TIPS. I began moving out of TIPS earlier this year because I have lost faith in our government's management of fiscal issues. Jun 02 01:05 PM
    • Pension Debts: The Next Financial Crisis [view article]
      Our Social Security "lock box" is in a file cabinet in West Virginia. It consists of non-negotiable treasury notes while Congress skims off FICA taxes to help fund current appropriations. If this was done in a civilian enterprise, the perpetrators would go to jail. Senators Rockefeller and Byrd of West Virginia don't have to worry, they have their separate retirement fund. I am 78 and retired but I worry about our grand children. Jun 02 12:31 PM
    • Realty Income Offers a Stable 7.4% Yield [view article]
      I have owned the common shares of this company for several years. I wish the author had compared and contrasted the merits and demerits of both types os shares. May 23 10:14 AM
    • TV Looks in Rearview Mirror and Sees a Future Like Print’s [view article]
      If my own personal experience is valid, I have to agree with the posting. I suffered with dial up connection to the internet for years. Since we went to broadband last August, My TV watching has dropped precipitously. The internet is a black hole for time because there are so many things, data, and ideas there. May 12 03:59 PM
    • Blood in the Streets: Buy and Hold GE, For Now [view article]
      I am a little puzzled about Dr. Lepoff's comment about the price movement of GE stock. My recollection is that we bought GE about ten years ago when it was about $22.00. It has been up to the low $40's before the recent swoon. The comment about the divy not offsetting inflation is well taken. I have been looking at GE to decide what to do. It seems clear that GE is really two companies: One is industrial ( and cutting edge at that), the other is a financial services company. Which aspect will prosper in the future? Another concern I have is this: I know an individual who was an IT trouble shooter for a GE subsidiary. This person left GE because the system they were working on had many bugs. The prevailing philosophy by management at this subsidiary, according to this worker, was "lets sell the system and we'll work out the problems after the system was installed". I don't know about other folks, but this management attitude is what helped damn near kill U.S. auto manufacturers. If this is true about GE management, I plan to cash out and go elsewhere. Apr 29 05:01 PM
    • Money Supply: Questions about Credit [view article]
      an excellent and lucid explanation of lesser known aspects of the bankin g and money system. Oct 22 08:39 PM
    • GM Earnings and the Wisdomless Crowd [view article]
      I suggest you gentlemen consult Porter Stansberry of Stansberry and Associates( Baltimore, Maryland) about the GM income figures. He has a very interesting take on what these numbers really mean. Greytop77@yahoo.com Jul 31 09:17 PM
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