Senate to debate need to cut U.S. oil imports - Coal - Gas/Utilities - Oil and Gas - Natural Resources - Energy - Commodities - Economy
Big changes are coming to the energy market place. More and more corn will be processed for fuel. Coal will be used to run clean, efficient power plants 24/7. High cost peak usage plants will become old hat as incentives to store electricity produced in off-peak hours is expanded.
My family invests for the long-term so we don't worry much about short-term problems. The current $56 price of oil is high enough to encourage increased production and decreased consumption. The market place is adjusting. The Mercury hybrid goes on the market today. The Wall Street Journal reported today that the China market has quickly shifted to small, fuel efficient cars.
The pressure is on the US Senate. President Bush is pushing for an energy bill. The public opinion of congress is very low and money is already being raised for next years elections. I predict that an energy bill will pass, oil prices will drop back to $50 or less and congressional incumbents will "run on their record".
BUY THE BULL!
Furthermore, I predict that Greenspan will stop increasing short near the same time an energy bill is passed.
BUY THE BULL!
Crude oil is trading at 56.44, up $1.44. In a bear market, these numbers would drop the Dow 100 points in a heart beat. The Dow is down 26 at 10500. The S&P is down 2 points.
BUY THE BULL!
Big changes are coming to the energy market place. More and more corn will be processed for fuel. Coal will be used to run clean, efficient power plants 24/7. High cost peak usage plants will become old hat as incentives to store electricity produced in off-peak hours is expanded.My family invests for the long-term so we don't worry much about short-term problems. The current $56 price of oil is high enough to encourage increased production and decreased consumption. The market place is adjusting. The Mercury hybrid goes on the market today. The Wall Street Journal reported today that the China market has quickly shifted to small, fuel efficient cars.
The pressure is on the US Senate. President Bush is pushing for an energy bill. The public opinion of congress is very low and money is already being raised for next years elections. I predict that an energy bill will pass, oil prices will drop back to $50 or less and congressional incumbents will "run on their record".
BUY THE BULL!
Furthermore, I predict that Greenspan will stop increasing short near the same time an energy bill is passed.
BUY THE BULL!
Crude oil is trading at 56.44, up $1.44. In a bear market, these numbers would drop the Dow 100 points in a heart beat. The Dow is down 26 at 10500. The S&P is down 2 points.BUY THE BULL!
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