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Energy Independence: The Progress, The Problems… And A Way To Profit
Editor’s Note: One year ago, oil prices were atrecord highs… the U.S. political scene was gridlocked amid the presidential election… and a fellow named T. Boone Pickens was promoting a bold new plan to wean the U.S. off its oil dependency and towards wind power and natural gas instead (and Pickens is an oilman). Today, oil prices are trading around $68, so where does the “Pickens Plan” stand now? Investment U columnist and infrastructure specialist David Fessler reports on whether cheaper oil prices have dampened the drive towards greater energy independence, plus a way to play a natural gas-powered future.
Martin Denholm, Managing…
29Jul2009 | Smart Profits Report | 0 comments | ContinuedOil Prices: 2 Ways to Hedge Against Global Oil Demand
Hurricane Ike is bearing down on the oil fields in the Gulf of Mexico, the Saudi’s are cutting back on production, there’s been little reduction in demand from Asian countries… and yet oil is in retreat.
Why doesn’t supply and demand seem to apply to oil? Well – as we’ve been witnessing the past few weeks – it does. Oil prices are now on the verge of breaking through the $100 barrier.
In response, the stocks of companies who are even remotely connected to its production and distribution have gotten punished – down by 50% or more in some cases – in…
17Sep2008 | Investment U | Comments Off | ContinuedThe Infrastructure & Energy Sectors: The 2 Best Places to Put Your Money
As a degreed electrical engineer, I’ve always been fascinated with energy and infrastructure. Watching a huge bridge being built over a river, a tunnel being bored through a mountain, or an offshore oil rig drilling tens of thousands of feet down gets my heart pumping.
Projects like those truly are a testament to the ingenuity of man, and they’re necessities in any country with a growing economy. Right now, however, dwindling fossil fuels and crumbling infrastructure here – and the lack of it elsewhere – are huge problems in need of solutions.
Massive amounts of capital will be required to solve them…
10Sep2008 | Investment U | Comments Off | ContinuedSecond thoughts about the Pickens Plan
I’m rapidly losing faith in T. Boone Pickens and his mission to change the tenor of the idiotic debate over energy in this country.
I already expressed mild misgivings the week he unveiled the Pickens Plan. But I gave him points for trying to get us out of the quagmire of a false choice between drilling on the one hand and conservation/alternative energy on the other. Commenters responding to my post seemed jazzed by the idea that zero taxpayer dollars would be required.
Ah, but it’s not that simple.
From the Los Angeles Times, an opinion piece by Anthony Rubinstein appears to blow…
4Aug2008 | Desidooru Saloon | Comments Off | ContinuedWind Power: Pickens Lobbies, While China Acts
Wind power should account for 20% of U.S. energy needs within a decade – compared with virtually nothing now – as the country’s energy needs are increasingly taken care of by sources of alternative energy, former Texas oilman-turned-wind-power-entrepreneur T. Boone Pickens told Congress last week.
Speaking before the Senate Homeland Security and Government Affairs Committee, the legendary investor warned that crude oil prices could rocket past the $300 a barrel level within the next 10 years as global reserves decline.
Pickens also was there to lobby for the construction of energy transmission lines from his Texas-based wind power Pampa Project, currently under construction,…
28Jul2008 | Money Morning | Comments Off | Continued
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